What is the inventory report and why does it matter?
It's the dated record of the property's condition when you moved in — and it's what any deposit deduction at the end has to be justified against.
The inventory is a room-by-room record of the property's condition and contents at the start of the tenancy, usually with photographs. Your landlord may produce it with Tenarize's walkthrough tool or upload one they made elsewhere.
It matters at the end, not the beginning. When your deposit is settled, any deduction for damage has to be justified against the difference between the move-in and move-out condition. An accurate inventory protects you as much as your landlord — arguably more.
Worth knowing: Go through it properly. Existing marks, worn carpets and chipped paint recorded at move-in are things you can't be charged for later.
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Not legal advice
These answers describe how Tenarize works and summarise the law in England as the product implements it. They are not legal advice about your situation, and the law changes. For free independent help, Citizens Advice and Shelter both cover renting in England; for anything unusual or contested, take advice from a solicitor.
Tenarize does not currently support Scotland, Wales or Northern Ireland, whose tenancy regimes are different.