AIIC urges the government to introduce compulsory inventories

Independent inventories are a fundamentally important part of the lettings process

The Association of Independent Inventory Clerks have called on the government to make independent inventories compulsory across the industry, in a bid to significantly improve the standards within the lettings industry.

In a survey by HomeLet, 12.5% of tenants interviewed said they had their deposits withheld, with the most common reasons being cleaning and redecoration costs.

Homelet’s study also found that only 70% tenants surveyed had received an inventory of the property and its contents from a letting agent before they moved into the property.

Danny Zane, joint chair of the AIIC, said: “With the election over and a new housing minister now in place, it’s time for the government to think about housing and in particular the growing private rented sector, which now accounts for around a fifth of all households.

“Independent, third party inventories are a fundamentally important part of the lettings process and they need to be made obligatory”.

“In the past, politicians have been quick to praise the success of compulsory deposit protection – introduced in 2007.  But if there is no unbiased inventory detailing the condition of the property at the beginning and end of the tenancy, then all this good work is undermined and it could be argued that taking deposits and protecting them is essentially rendered pointless.”

Landlords and letting agents who compile their own reports are at risk of being deemed ‘biased’ and are therefore encouraged to outsource this to a third party.

Independent inventories can save both a tenant and landlord money, ensuring a fair report is compiled on the condition of the property at the beginning and end of a tenancy.

Zane added that he is alarmed that such an“integral part of the lettings process is not treated with the same importance as tenancy agreements and deposit protection”.

Full article available on PropertyReporter: http://www.propertyreporter.co.uk/landlords/calls-for-government-to-make-independent-inventories-compulsory.html

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