26 Apr

Arla: Inventories vital for houses to let in Portsmouth

Arla: Inventories vital for houses to let in Portsmouth

Buy-to-let investors with property to rent in Portsmouth have been reminded of the importance of putting together an inventory when new tenants move in to avoid any unnecessary disputes over deposits.

Research by the Association of Residential Letting Agents (Arla), has revealed that rental deposits can now amount to six weeks' rent, an average of £2,172.

With large amounts of money at stake, Arla is stressing the importance of a comprehensive inventory to avoid disagreements over the contents and condition of a rental home.

Portsmouth's significant student population of 19,000 undergraduates each year means many landlords can benefit from Arla's advice on composing an accurate account of what the property contains and what condition its features are in.

Detail is important, according to the association, and buy-to-let investors need to ensure all contents and features are recorded, along with their condition. Walls, ceilings and doors should also be checked, as they can be damaged by tenants.

Photographs of houses to rent in Portsmouth can also help solve any deposit disputes over damage, and should be jointly approved by both landlord and tenant, with copies held by both parties.

In addition, to avoid any energy bill disputes, Arla recommends noting the starting gas and electricity meter readings – both internally and with the property's suppliers. These figures can be included in the inventory.

Student tenants signing up to move into property to rent in Portsmouth may also benefit from reading the guidelines on "betterment", which involved allowances for occupier wear-and-tear throughout the rental period. Paint work and other aspects of a home will naturally deteriorate over time, and are not the tenants responsibility to maintain.

Ian Potter, operations manager of Arla, added that estate agents can also offer advice on preparing an inventory or adapting an existing one.

He said: "A well put-together inventory can give both landlords and tenants peace of mind throughout the occupation period.

"The inventory is not designed to catch tenants out, but rather to ensure both parties are in agreement over the quality of the property being rented."

Inventories can act as a key point of reference for any subsequent queries or issues between landlord and tenant, he added.ADNFCR-1222-ID-800511921-ADNFCR

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