No Letting Go are proud to support the Association of Independent Inventory Clerks (AIIC) in their bid for mandatory inventories for all private residential tenancies. An independent inventory ensures there’s no room for ambiguity during the check-in and check-out procedures – this dramatically reduces the number of deposit disputes.
Evidence of Fulfilled Landlord Obligations
We would like to go a step further. There are some health and safety requirements no landlord can ignore! We feel inventories should be combined with compliance reporting. A detailed inventory at the start and end of a tenancy can act as a crucial document which acts as evidence of a landlord fulfilling their health and safety obligations.
The report could also work as evidence of a landlord complying with:
- Smoke and carbon monoxide alarm regulations 2015
- Fire and furnishing safety regulations 1988
A Duty of Care
Nick Lyons, CEO of No Letting Go spoke to Landlord Today regarding the topic:
“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.”
Why Is the Petition Important?
The petition is being put forward by the AIIC. This is to encourage the government to introduce mandatory inventory reporting as part of its ongoing plans to increase regulation in the Private Rented Sector.
The AIIC sees mandatory independent inventory reporting as the next step from the 2007 introduction of compulsory tenancy deposit protection. This is because there’s not been additional legislation concerning the documents or evidence needed to resolve deposit disputes.
Danny Zane, joint chair of the AIIC explains:
“With this in mind, regulating independent inventories really is a no-brainer for the government. An independent and professionally compiled inventory offers protection to both tenants and landlord and can prove invaluable in the event of a tenancy deposit dispute.”
Irrelevant of whether mandatory independent inventory reporting becomes a legal requirement, there is still an abundance of benefits for landlords, letting agents and tenants. An independent body like No Letting Go can take the hassle and strain out of the process while dramatically cutting down on disputes. Find out more about how we can help your inventory process here.
You might also like
New Rules For Smoke And Carbon Monoxide Compliance
Upload on July 25, 2022 by Lydia HorsleyIn our blog, we have previously discussed whether the new carbon monoxide (CO) alarm regulations will have an impact on the buy to rent sector. With these proposed changes expected to take effect from 1st October, now is the time to ensure that you will comply with the law. What do the new CO rules [...]
READ MOREWhat Are Your Rights And Responsibilities As A Tenant?
Upload on July 25, 2022 by Lydia HorsleyThe foundation of a good relationship between a tenant, landlord and letting agent is when parties understand their rights and responsibilities to each other, establishing a collective responsibility to ensure the tenancy goes smoothly. If you’re new to renting or haven’t reminded yourself of your rights and responsibilities as a tenant, look at our guide [...]
READ MORELandlords Raising Rent Or Selling Property To Recoup Losses
Upload on June 28, 2022 by Lydia HorsleyLandlords are raising rents in response to tax changes It’s been two years since changes to buy-to-let mortgages also changed the way that landlords are taxed. As some had predicted, many landlords have been forced to reconsider their position and think about what the future now holds for them. How has buy-to-let tax changed? Before [...]
READ MOREHow Will The Proposed EPC Regulations For 2025 Impact Landlords?
Upload on February 24, 2022 by Lydia HorsleyThe drive to improve the energy efficiency of properties in the UK looks likely to impact landlords in 2025, with the proposed EPC regulation that could require landlords to make potentially significant and expensive changes to their properties. What are the current energy regulations? All domestic and commercial properties for rent need to have [...]
READ MOREGet in touch today
Supporting you and protecting your property are our top priorities.
Get in touch and let us know how we can help.