Landlords warned over importance of an inventory

The Association of Independent Inventory Clerks has moved to remind landlords of the paramount importance of a professionally compiled third party inventory.

This warning comes at a notoriously high time for tenancy turnovers, given that many students are leaving their accommodation.

Inventories

At the conclusion of a tenancy, a high number of renters leave behind unwanted items or damaged goods. As such, landlords must ensure that they are sufficiently covered.

The AIIC warns that property owners could be left significantly out of pocket should they not protect their investment.

A good landlord insurance policy is imperative, but a solid, photographic inventory is also of great importance.

Damage

According to an investigation of 3,000 landlords from a national interiors firm, 89% of owners suggest that tenants always leave something unwanted behind when leaving their property.

72% said that their property had been left in an unhygienic state, with 57% complaining of obvious damage.

Some bizarre items left behind include a jewellery box of nail clippings, pet ashes and a taxidermy beaver!

Landlords warned over importance of an inventory

Landlords warned over importance of an inventory

Cover

Danny Zane, joint Chair of the AIIC, noted: ‘Our members often find bizarre items in rental properties when carrying out check-out inspections at the end of tenancies. And while it is mildly amusing on the surface, there is a serious issue at play here.’[1]

‘A lot of the narrative surrounding inventories focuses on landlords’ items and what could go missing or get damaged. However, people must remember that an inventory covers items left at the property too,’ he continued.[1]

Tenants and landlords alike should use this fantastic cleaning checklist in order to not only leave the property in a great condition but also to check it against the original inventory compiled at the start of the agreement.

Emma Glencross, AICC Joint Chair, also observed: ‘Landlords who let properties over a sustained period of time will always have to deal with tenants leaving things behind as well as property damage and cleaning, so making sure they have an independently compiled third party inventory to hand will provide them with the peace of mind and security they need to ensure they’re not left out of pocket on a regular basis.’[1]

[1] http://www.propertyreporter.co.uk/landlords/landlords-could-be-out-of-pocket-if-theyre-unprepared-for-tenancy-turnovers.html

 

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