March 14th, 2009
Advice for UK landlords ? Inventory and schedule of Condition
The new deposit regulations means the need for an accuarate inventory and schedule of condition at the start of a tenancy are higher than ever.
From 6 April 2007, new legislation requires that all deposits taken for assured shorthold tenancies in England and Wales must be protected by a tenancy deposit protection scheme.
At the end of the tenancy the two parties must agree on the whether the deposit should be returned in full or if some or all of it will be passed to the landlord to cover dilapidations etc. If there is any dispute over this, then firm evidence of the condition of the property and its fixtures and fittings will be required from the landlord.