Latest / Efficiency & Property Investing
The Power of a Comprehensive Inventory
In this episode, Nick breaks down the critical differences between a property inventory and a schedule of condition. He explains why landlords must meticulously document the state of their properties before a tenant moves in, emphasizing that the burden of proof in deposit disputes always falls on the landlord.
KEY TAKEAWAYS
An inventory is simply a list of items within a property, whereas a schedule of condition provides a qualitative description of the state of those items.
In the event of a deposit dispute, the burden of proof lies entirely with the landlord, making comprehensive…
The skinny
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