Alarming statistic suggests almost 4 out of 5 student tenants do not sign an inventory | Discuss

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Alarming statistic suggests almost 4 out of 5 student tenants do not sign an inventory
21/11/2016
11:06 am
News @ Tenant Referencing
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The Association of Independent Inventory Clerks (AIIC) have raised concern around the apparent lack of tenants signing inventories, after an 'alarming statistic' recently published by money.co.uk suggests that almost four out of five (79%) of student tenants do not sign an inventory when they move in to a privately rented property.

Best letting practice guidelines generally dictate that landlords and agents looking for a risk-free tenancy ensure that they provide an inventory at the beginning, middle and end of the tenancy in order to keep a comprehensive record of the condition of the property. Primarily to protect against any tenancy deposit disputes at the end of the tenancy, an inventory can be used as evidence in a potential dispute and help landlords to avoid a disagreement in the first place.

The AIIC believe that fewer tenants would risk losing part or all of their deposit if they simply bothered to check and sign inventories at the start of their tenancy.

Patricia Barber, chair of the AIIC, said “Professional inventories which incorporate photo evidence can help to minimise the chances of a deposit dispute.”

Whilst many of our landlord members conduct their own inventories, at the TR Group we strongly advise that they use an independent inventory firm to ensure that it is completely impartial and objective.

Please have a look at our 'Ultimate Landlord Checklist' for a complete 'best lettings practice' index.

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