inventories
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Latest property news
Major high street agent using ‘biased’ check out reports to make money, it is claimed
Inventories trade body the AIIC says it is compiling a dossier of evidence for the Ministry of Housing including proof that a leading high street agency brand is involved.
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Latest property news
Deposit disputes ‘set to rise’ if agents bring inventories in-house after ban
TDS, Propertymark and AIIC are all worried that inventory quality will dip as agents try to cut costs after June 1st.
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Features
Tenant trouble
Problem tenants are only a small minority, says Andrea Kirkby, but they can cause a huge amount of trouble for a landlord and letting agent.
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Latest property news
‘Eye watering’ letting agent check-out bill for £1,071 unveiled on Twitter
Housing campaigner Kate Webb has published a controversial check-out invoice sent by a letting agent to a tenant.
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Movers & Shakers
Chris cleans up in Bath
After launching his property inventory business 18 months ago entrepreneur Chris Simpson has just taken on a third member of his team.
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Latest property news
VeriSmart reaches century
VeriSmart Inventories, based in Poole, has taken on its 100th member of its highly efficient paper free inventory system.
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Latest property news
Tenants should attend inventory check-out
All agents will agree that it is good practice to have a detailed and accurate inventory completed at the start of the tenancy, and again when the tenancy ends, but tenants should be encouraged to attend the check-out in order to avoid potential disputes between both sides of the rental transaction, according to the Association of Independent Inventory Clerks (AIIC). Tenancy deposits are often necessary to protect the landlord in the event of non-payment of rent or loss resulting from the tenant not complying with the terms of the tenancy agreement. Combined with a well prepared inventory, the landlord enjoys a much more risk-free tenancy. But end of tenancy disputes can often arise when the tenant disagrees with the recorded state of the rental property at the end of a tenancy in comparison to its condition when they first arrived, and find that they face having money deducted from their deposit as a consequence. The AIIC believes that the number of potential disagreements between landlords and tenants could be significant reduced if more tenants were present at the inventory check-out. The AIIC’s plea comes in response to data released by the Deposit Protection Service in July, which suggested that almost…
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Products & Services
Home-wreckers
Your clients need landlord insurance to protect their businesses from going to pot, says Marc Da Silva.
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Features
Outsourcing lettings: one way to spread your workload?
With Britain fast becoming a nation of renters, agents have a never ending series of tasks, but help is at if you embrace outsourcing lettings, says Marc Da Silva.
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Products & Services