Agents’ inventories may be ‘biased’ to landlords – claim

Agents’ inventories may be ‘biased’ to landlords – claim


Todays other news


An industry trade group claims inventories conducted by lettings agents may be seen as biased towards landlords rather than truly independent.

Daniel Evans, chair of the Association of Independent Inventory Clerks, says there is a “significant number” of agencies and property firms that own their own inventory operations.

“In those circumstances, it’s very difficult for the process to be seen to be independent. Commercially, lettings agents are there to look after the interests of the landlords, especially in a market suffering massive stock shortages. How can tenants then have faith in a system that might be seen to be biased?” he asks.

Instead Evans wants the government to use the imminent Renters Reform Bill to ensure inventories are carried out by qualified, independent inventory clerks.

“Inventory companies have the capability of being the only truly independent agencies operating in the lettings process. In the event of a dispute, the inventory will act as valuable evidence to offer to the deposit protection scheme provider and enables a fair decision to be made in the adjudication process” he says.

Evans claims there is now a growing number of inventory companies operating with ownership links to large and small property  companies.

He continues: “I think this all began during the financial crash of 2008 when the entire market crashed and firms were looking to increase revenue by any means at their disposal, and when the importance of inventories was being fundamentally established. Since then, and with the advancement of technology and digital developments this has become a growing trend and the process has become less transparent as a result.

“And this is not all about tenants. If there is damage to a property during a tenancy, and the landlord wants to claim against the deposit, he or she is still liable for the burden of proof. An independent and objective check-out report will add weight to any claim made. The inventory is a vital part of evidence.

“We know that landlords can benefit from utilising the services of an independent inventory clerk to improve the overall service while maintaining a high degree of professionalism. But this element of choice is being removed by some companies who are using their own inventory service providers.” 

Tags: Politics

Share this article ...

Join the conversation: Login and have your say

Subscribe to comments
Notify of
3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Recommended for you
Related Articles
A trading statement by Rightmove reveals that it’s  spent £3m...
Robert Jenrick, who was appointed Housing Secretary by Robert Jenrick...
The biggest rental sector headline from Labour’s manifesto may well...
Although much focus is on the Bank of England and...
A new Renters' Rights Bill is to be introduced into...
Recommended for you
Latest Features
Rental growth in prime London has hit its lowest level...
Propertymark has called for more specific resources to help lettings...
Sponsored Content
B-hive Block Management Partners Celebrates Major Milestone With Over 100...
We’re absolutely delighted to announce that, after 10 years, we’re...
You don’t have to simply accept things as they are...
3
0
Would love your thoughts, please comment.x
()
x

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here