A new ‘credit crunch’ generation of tenants, who are renting property instead of buying, is discovering the biggest single thing that can settle an argument with their landlords.
[UKPRwire, Tue Jan 13 2009] A new ‘credit crunch’ generation of tenants, who are renting property instead of buying, is discovering the biggest single thing that can settle an argument with their landlords.
It’s … an inventory.
In the wake of new tenancy deposit legislation the humble inventory has taken on giant-killing proportions when it comes to settling disputes.
For tenants - who argue that furnishings weren’t that good to begin with.
And for landlords – who sometimes find that household items, which don’t appear on an inventory, can disappear.
“A clear description of the rented property and a proper record of furnishings, fittings and contents, as well as dated photographs showing their condition, has never been more important as it is today,” says Alan Ward, a director of the Residential Landlords Association.
“The disputed condition of household items is one of the main reasons that landlords claim a proportion of a tenant’s deposit – from stained carpets and damaged paintwork to broken windows and somewhat less than well-sprung settees and chairs.
“This is why professional landlords and streetwise tenants are insisting on more detailed inventories – often drawn up by skilled professionals – so that an accurate record can be agreed at the beginning of a tenancy and potential disputes avoided at the end.
“Without this there is no real evidence of initial condition or of any change beyond normal wear and tear. So both sides have every reason to want the protection of a comprehensive inventory.
"Even for unfurnished properties – where the condition of fitted kitchens, bathrooms, floor coverings, windows and light fittings needs to be documented.
“Because if it's not on the inventory … it doesn't exist."
• The Residential Landlords Association is a leading national organisation with members owning over 100,000 properties in the UK’s professional private rented sector. The range of members’ services - on www.rla.org.uk - includes legal advice, insurance, financial services, credit referencing and training.
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Notes to editors
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