Few properties these days appear to be offered on the market fully furnished. The natural reluctance of landlords to pay for the cost of providing the furniture and the risks of damage are sometimes sufficient deterrent.
Rental income is often not significantly higher than that for an unfurnished property, nevertheless there is a market for furnished lettings, and this can be a very convenient solution for landlords wishing to leave their property for relatively short periods, perhaps for a posting abroad, without needing to put their furniture into storage.
A detailed inventory is required at the outset to record all items and their condition. There are taxation advantages with a ‘wear and tear’ allowance every year, which is intended to cover the cost of replacing those movable items supplied with the property, including furniture, carpets and curtains. This allowance does not apply to partly furnished or unfurnished property, despite the fact that these would usually include carpets and curtains and perhaps some appliances.