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InventoryBase supporting mandatory landlord inventories

InventoryBase has announced that it is supporting the Association of Independent Inventory Clerks (AIIC) in their bid for mandatory inventories for all private residential tenancies.

An independent inventory ensures that there is no room for ambiguity during the check-in and check-out procedures, which in turn dramatically reduces the number of deposit disputes, according to InventoryBase, which provides cloud-based property inspection software.

A new petition, which has been created by the AIIC, aims to encourage the government to consider the benefits of mandatory inventory reporting as part of its plans to increase regulation of the Private Rented Sector.

Alongside the ongoing high-profile consultation on the leasehold and management sector, there is currently a review into improving the quality of the sector being carried out by an all-party Communities & Local Government Select Committee of MPs.

“It’s clear the government is keen to increase regulation and professionalism in the letting sector and we see no reason why mandatory inventory reporting should not be a part of this movement,” said Danny Zane, joint chair of the AIIC.

Compulsory tenancy deposit protection was introduced in 2007, but there has never been any additional legislation concerning the documentary evidence required to enable adjudicators to adequately arbitrate on disputes.

Steve Rad, managing director of InventoryBase, commented: “We think it’s great that The AIIC have decided to take a step forward in making such a needed change within the industry. We deal with many different providers of lettings and see the importance every day of having reports of a good standard for the benefit of both tenant and landlord.”

You can review and sign the petition by clicking here

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