As the number of residential properties that are rented grows in society, so does the need for the involvement of property inventory services. Property inventory services shed light on the condition of a property at the beginning of a tenancy contract. This inventory document works to protect both parties to the contract in a situation where the property has some damage. It comes in handy when parties are trying to resolve disputes that relate to the property at involved.
The clerk of a property inventory company walks around the property and notes down all its features. The clerk has to be thorough and slow enough to capture all the detail. Some clerks prescribe to taking photographs of the premises. In addition to this, the clerk uses simple language to describe the premises, as this will be easier to read in the case where a dispute arises. Below is a few reason why hiring a professional property inventory company is the best choice for the future of your property in case a tenancy dispute arises.
Three Main Reasons for Hiring a Professional Inventory Company
- They provide clarity
A professional property inventory company specializes in the provision of professional high-quality services to their clients. This means that they will make sure that they thoroughly exhaust all the issues surrounding a property inventory. Most property owners who opt to make their own inventories tend to leave out some important issues like insufficient provision of details about the property and overlooking of important features of the property. The professionals will make sure that they capture everything about the property in detail with the hope of not exposing the landowner to certain irregularities.
- They provide updates on the inventory details
Since the company specializes in such services, they will work to make sure that they have been up to date with any issues and laws surrounding the property. They will update their records and make sure that the tenant and the property owner receive the updates on time. They will take before and after videos or pictures of the property in cases of damage to property by the tenants. Most of the time videos or photos are left for situations whereby the damage is on a large part of the property.
- They shed some light on the character of the parties to the tenancy agreement
If a tenancy dispute arises, either party can bring forward detailed information on the premises.