In a liquid application device and an inkjet recording apparatus, even if the number of liquid storage units is increased, the number of parts can be reduced, and cost reduction and miniaturization can be realized. The liquid application device includes a buffer tank storing application liquid to be supplied to a space-creating base. Additionally, the device includes an exchange tank storing application liquid to be refilled in the buffer tank. Moreover, the device includes first and second channels linking the buffer tank and the space-creating base, a pump arranged in the second channel, and a third channel linking a T-shaped channel and an exchange tank. Furthermore, the device includes a first valve which switches shutoff and link between first and second tubes, and a third valve which switches shutoff and link between third and fourth tubes.