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Novice landlords are at risk of deposit disputes as many are failing to prepare all the correct paperwork, warns the Association of Independent Inventory Clerks (AIIC).
There has been a huge increase in the number of accidental landlords over the last few years as many home-owners have been forced into renting their property, due to range of circumstances from negative equity to the depressed housing market and divorce.
The AIIC believes that landlords, especially accidental landlords, often have unrealistic expectations on wear and tear damage, which ultimately leads to a significant rise in tenant disputes.
All landlords need to be realistic about tenants and wear and tear. They need to remember that the property is a business transaction and as such, reasonable wear and tear damage to a property needs to be recognised and accepted as part of the rental agreement.
Pat Barber, Chair of the AIIC, said: “In addition to having a tenancy agreement, it’s important that accidental landlords ensure all formal agreements and procedures are in place, such as a professional inventory and schedule of condition.
“Landlords and tenants have different expectations when it comes to fair wear and tear issues, so it is no wonder that so many tenancies end in dispute. Landlords cannot expect ‘new for old’ when something is damaged, as everything has an expectancy of useful life and will need to be replaced periodically at the landlords’ expense.
“Tenants have a duty to return the property at the end of the tenancy in a condition consistent with that described on the inventory. This is why it is vital for landlords to have a detailed and accurate inventory to show the condition the property at the start of the tenancy, in order to assess whether its condition is consistent.
“An independent inventory will enable both parties to be treated fairly and reasonably. By opening a dialogue and using an independent inventory clerk, disputes can be resolved quicker and without the hassle that is often experienced at the end of a tenancy period.”
The AIIC is offering a new one-day workshop covering the whole check-out process, ideal for all landlords. End of tenancy check-out inspections can be contentious if not handled correctly – causing wasted time, energy and money for all parties. The AIIC expertise offers in depth training on:
The AIIC Check- Out Workshop is being held on Monday 26 November 2012 from 9.30am to 4.30pm at The Hilton Bracknell, Bagshot Road, Bracknell, RG12 0QJ.
The AIIC is a not for profit membership organisation and is committed to excellence and professionalism in the property inventory process. The AIIC works hard to ensure that all landlords, tenants and letting agents understand the importance and benefits of professionally completed property inventories.
For further information on AIIC, please visit www.theaiic.co.uk.
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