Completing the Inventory and Final Admin Tasks

It's now time to complete all the final admin tasks relating to the tenancy.

You should complete an inventory, ensuring it is 100% accurate and that both you and your tenants are happy with its contents. Where possible, try and ensure when the inventory is completed that both you and the tenant are present. This way you can take an accurate record and minimise the likelihood of disputes.

Also, you should collect the first month's rent, as well as the tenant's deposit. Remember to protect the tenant's deposit like we mentioned earlier!

Finally, set up a standing order for the rent. Provide your bank details to your tenant so they can set up their standing order to ensure you are always paid on time.

Upad's tenant signup service takes care of all of these.

Click below for one final tip!