An inventory is a written and photographic record of the condition of the property at the beginning, during and end of the tenancy. It is agreed and signed by both Thrive and our customer and minimises misunderstandings in the future.
When should an inventory be used?
Inventories are carried out:
- When a house or flat is let.
- Each year during the Home Plan visit. Every 5 years a full stock condition survey will be completed during the visit.
- At the inspection before keys are returned.
- At the end of the tenancy.
What should be included in the inventory?
It covers the structural condition, state of all fixtures and fittings, decorative standards and cleanliness, recording any obvious existing damage or wear and tear. It will include the condition of garages, sheds, fences, patios etc. You will be asked to provide photo identification for household members and details of any change of circumstances.
Why does Thrive carry out inventories?
An inventory records the condition of the property before the customer moves in, during and before the customer leaves to clarify what - if any - damages need to be rectified or paid for. An inventory is useful for both Thrive and our customer as it can be used to prevent disputes at a later time about the condition of items.
How long does the inventory take?
It can take approximately three hours depending on the size and condition of the property. The property is unfurnished- why is it still needed?
Even though the property is unfurnished an inventory should be prepared recording the condition of fixtures such as ceilings, walls and sinks etc.
What detail needs to be included?
A full description of items e.g. walls are clean and painted, patio is free of weeds. Photographs will be added and the condition will be recorded. Where items differ in condition, each item should be recorded separately.
Who needs to sign the inventory?
Each occupier at the property who is named on the tenancy agreement must sign and date the inventory as being correct. Customers usually sign the inventory at the tenancy sign up appointment. If for any reason a longer time period is needed to check the inventory this can be agreed at the appointment. However, if the inventory is not returned within seven days, it is considered that the tenant agrees with the inventory.
What do you do with the inventory when it is signed?
Each occupier named on the tenancy agreement should be given an electronic copy of the inventory. The original should be kept safe with the original tenancy agreement. Thrive will also keep digital copies of the inventories on file to refer to at each Home Plan visit.
What does an inventory look like?
You can download a PDF of an example invetory here [awaiting PDF].