21 Jun

Regulated inventories could raise standards

Regulated inventories could raise standards

An industry body is calling for the lettings market to introduce compulsory and regulated inventories to protect tenants and landlords.

The Association of Independent Inventory Clerks (AIIC) claims such a move would improve standards and reduce the number of unnecessary disputes at the end of a tenancy.

Recent research from HomeLet concluded 12.5 per cent of 20,000 renters have had their deposits withheld by landlords and, in many cases, this was to cover the cost of redecoration and cleaning.

However, the AIIC believes inventories should be regarded as a key part of the lettings process alongside tenancy agreements and deposit protection. Therefore, it is vital that the condition of a property before and after a letting period is conducted by an unbiased and regulated body.

Danny Zane, joint chair of the AIIC, said: “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.

“Landlords and letting agents should not be compiling what can very easily be considered as biased inventory reports that tenants must sign prior to getting access to their new home.”

Formed in 1996, the AIIC has around 850 members across England and WalesADNFCR-1222-ID-801837050-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.