How do I determine fair wear and tear and value damage?
One of the most challenging areas for a letting agent, landlord or inventory management company is the determination of what can be deemed as fair wear and tear as opposed to damage and the subsequent costs. Whilst this area is complicated and often subjective, good guidelines, relevant experience and common sense are key factors in making an unbiased and fair decision. I have outlined some key points below to be aware of when making a decision, based on the No Letting Go ethos and years of experience.
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RentPro property management software can assist with determining fair wear and tear by allowing you to keep a comprehensive record of any inspections carried out on the property along with a complete history of any repairs and maintenance.