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Inventories key to ensuring agents comply with law, claims supplier

Inventories are a key tool to ensuring they, and the properties they let, comply with the law.

That’s the claim from industry supplier No Letting Go which says the government’s fast-paced clamour for more regulation, including the possibility of a landlord register and a new Decent Homes Standard for the private rented sector, means inventories can identify properties that fail to make the grade.

“Inventories can act as a great barrier against non-compliance – being that first block to prevent unfit homes from entering the market. A good inventory, carried out by a trained inventory specialist, can help highlight any potential issues with a property, and ensure homes are fully habitable and decent from the off” says No Letting Go chief executive Nick Lyons.

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Lyons warns that the current blizzard of regulation is set to grow. 

“We see plenty of news stories surrounding non-compliance, and the danger of it in terms of large fines and even prison sentences, but there are still a minority of agents and landlords who seek to get away with it. That minority gives the whole industry a bad name and drags the reputation of agents and landlords through the mud.”

He says using professional inventories illustrate that agents have nothing to hide.

 

“Inventory specialists may be able to spot the hidden defects and problems that an agent or landlord hasn’t considered, and feed this back to the client. This could lead to remedial action being taken to make sure the home is looking its best,” Lyons says.

“The Levelling Up White Paper, which is expected to be backed up by the White Paper on Rental Reform at some point, has made the direction of travel quite clear in terms of compliance and rooting out rogue operators, but implementation might be slow. In the meantime, inventories can still continue to be a terrific blockade against substandard homes making it onto the market.”

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