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What you should know about property inventories

An inventory is a report that details the condition of the property at the start and end of a tenancy. It is signed by both the tenant(s) and the party carrying out the inventory check (usually an inventory clerk). Things included in an inventory: • exterior of the building; • furnishings (i.e. sofa, washing machine, TV); • property particulars (i.e. doors, windows, skirting... Read more

Posted by Simon @ Upad on June 28th, 2012 in Inventories, Legal, Property Rental, Tips for New Landlords

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Are Letting Agents the new Luddites?

A survey by Imfuna Let shows that a majority of lettings agents believe that the use of technology could improve their service and business but the majority are not putting their money where their mouth is. According to the survey of 100 letting agents, 90% agreed that technology would improve the service they provide to clients. 77% believe technology can speed up the entire lettings process... Read more

Posted by Dan @ Upad on June 20th, 2011 in Inventories, Property Rental, Should I use Upad?, Upad

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Ask Upad: What is “fair wear and tear”?

Lots of landlords labour under the misapprehension that their property should be returned to them at the end of the tenancy in an identical state to that which they let it in. This is incorrect. The law, and tenancy agreements allow for “fair wear and tear” to the property once it is let. However, the law does not define what “fair wear and tear” is. Of course, it might be that the... Read more

Posted by Dan @ Upad on August 25th, 2010 in Inventories, Property Rental, Tenant Rights

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Bradford housing chairman resigns over Liverpool slums

The Chairman of Bradford's housing committee has resigned because a company of which he was a director was fined for letting out "rat-infested" property in Liverpool. Premier Housing has been ordered to pay £39,180 in penalties and costs after it was discovered to be letting out below-standard flats. One property in multiple occupation in Holt Road was infested with rats, with non-working... Read more

Posted by Sue @ Upad on July 23rd, 2010 in Inventories, Landlord Legislation, Social Housing

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Poor inventories costing landlords £12 million a year

Shocking new figures from The Video Inventory Agency have shown that poorly prepared inventories are costing the residential property market millions every year in lost claims. Since the introduction of the Tenancy Deposit Protection Scheme (TDPS) in 2007, the onus has been firmly with the landlord to prove their case. However as a result of improperly prepared inventories and lack of proper... Read more

Posted by Sue @ Upad on July 15th, 2010 in Inventories, Property Management, Tips for New Landlords

Do I really need to count the teaspoons?

A landlord's guide to producing a useful inventory If you let furnished or part-furnished property, an inventory is now an essential document to protect you, and your tenant, from lengthy and potentially expensive arguments further down the line. Once upon a time, landlords could choose not to bother with an inventory, or to keep them exceedingly brief: I once saw one for a bedsit that... Read more

Posted by Sue @ Upad on January 21st, 2010 in Inventories, Property Rental, Tips for New Landlords