Accurate inventory is key as tenants staying in one home for longer, data shows
Getting a professional inventory done can save both time and money in the long run, especially if tenants are staying longer in their properties.
New figures from the Association of Residential Lettings Agent (ARLA) show that tenants are staying put in the same property for record durations in the UK.
In 2009, ARLA members recorded the average length of a tenancy across the UKas 16.5 months but this number has increased by 17% as the latest research shows renters are now spending on average 19.3 months in their homes.
‘Possibly as a reaction to tough financial times, tenants seem to be spend longer in their rented properties and the average tenancy is in excess of 19 months,’ said Ian Potter, operations manager at ARLA.
Responding to these new figures, ARLA is calling for both tenants and landlords to remember the benefits of creating a comprehensive inventory at the beginning of each new letting contract.
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Property management software can assist both landlords and letting agents to keep track of any maintenance or repairs that are carried out on their properties. RentPro also allows you to save a copy of a completed inventory, so should there be any disputes in the future you will always be able to access a copy of the original report.