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No Letting Go support Mandatory Inventories

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Published: 13/11/2017   Last Updated: 13/11/2017  
Tags: Inventories, City Living London

Fair wear and tear has always been a grey area for landlords and letting agents alike. Because it tends to fluctuate from case to case, it is one of the least understood areas of the letting process; one which can create much ambiguity and lead to disputes at the end of a tenancy.
On the other hand poor cleanliness and any damage which leaves the property markedly different from the property’s original state is far easier to identify if there is an Inventory and Schedule of Condition in place, enabling the landlord to use the tenant’s deposit to compensate. As a result, No Letting Go is supporting the Association of Independent Inventory Clerks (AIIC) petition demanding mandatory independent Inventories for all private residential tenancies.
No Letting Go, a major provider of inventory and compliance services to the letting industry, also wants to see compulsory Inventories combined with compliance reporting.
According to No Letting Go CEO, Nick Lyons, a detailed and precise Inventory completed at the start of the tenancy, and a corresponding report when the tenancy ends, acts as one of the most decisive documents in evidencing the landlord’s obligations under the existing fire safety legislation.
No Letting Go wants the government to go further in also requiring the report to evidence compliance with the Smoke and Carbon Monoxide Alarm Regulations 2015 and the Fire and Furnishing Safety Regulations 1988. The company believes this will greatly improve standards, will support the industry and will help the government manage the ever-growing safety requirements of landlords.
Lyons said: “Independent inventory providers have a duty of care to protect the interests of both landlords and tenants alike. The government has introduced legislation to protect tenants but with no real effective means to monitor it.
“The introduction of a compulsory combined Inventory and compliance report for all let properties compiled by trained, independent professionals will help ensure that landlords meet their legal responsibilities and assist the government and trading standards to police the landlord’s requirement to protect tenants.”

Source: LandlordToday