Why are tenants not signing inventories?
The Association of Independent Inventory Clerks has raised its concern at the apparent lack of tenants signing inventories, drawing attention to an alarming statistic recently published by money.co.uk which suggests that 79% of student tenants do not sign an inventory when they move in.
What’s more, some 40% of the 1,000 renters surveyed said they have lost over a third of their deposit in the past while privately renting at university.
The AIIC believes there is a direct correlation between these figures and that if more tenants bothered to check and sign inventories, less would be hit with deposit deductions at the end of their tenancy.
Detailed inventories, which should also include a number of photographs, provide both landlords and tenants with the opportunity to strengthen their documentation and give a clearer indication of the condition and contents of their property.
Patricia Barber, Chair of the AIIC, said: “A signed and agreed complete inventory should be a minimum requirement at the beginning of a tenancy. Although these figures cover student tenancies, it would be no surprise to learn that a high proportion of regular renters enter into a contract without an inventory having been compiled.”
“For these reasons, professional inventories which incorporate photo evidence can help to minimise the chances of a deposit dispute,” Barber adds.
She says that in the event that a deposit dispute does occur, the deposit protection scheme’s Alternative Dispute Resolution is more likely to look favourably on a case which is accompanied by a professionally and independently compiled inventory and check out report.
— Property Reporter