One of the biggest decisions professionals have to make before moving overseas is whether to sell or rent a property. If the latter is deemed more profitable, it is vital an inventory is carried out to make life easier managing a property abroad.
Malcolm Harrison, spokesman for the Tenancy Deposit Scheme, explained that should there be a dispute when a contract comes to an end, an inventory comes in handy because it is an important document in itself.
“An inventory is not just about counting the number of spoons; it is also a condition report,” the expert stated.
“Has the carpet got a small stain in the living room or something like that? When it is down in black and white, everybody knows where they are, so if there is a problem in the end, then you can go back to the inventory and sort it from that.”
Mr Harrison added that this inventory must be signed by both the tenant and landlord at the beginning of a contract, which then becomes binding.
The Dispute Service operates the Tenancy Deposit Scheme in line with the requirements of the Housing Act 2004.
This provides a dispute resolution service should a quarrel about the allocation of a deposit arise at the end of the tenancy.
Cadogan Tate is an international moving company that can assist professionals embarking on a new life abroad with the logistics of transporting belongings abroad.