x

Client Login

Use of New Technology in Inventories could cost landlords £’s

Tags:
  • landlord,
  • Landlord Software,
  • letting agents,
  • management,
  • property,
  • Property Inventory Management,
  • Property management

An interesting story below on Landlordzone from the AIIC supports No Letting Go’s policy of detail first, technology second. Read on……

The use of technology in inventories could end up costing landlords far more than they bargained for, according to The Association of Independent Inventory Clerks (AIIC).

The perception of inventories by some lettings agents is that inventories can be very long, time-consuming and somewhat of a laborious process, resulting in several landlords and management companies opting for the use of technology in inventories, believing it will save them time and money.

The use of technology in inventories claims to help landlords and management companies to complete inventories in a matter of minutes, with the ability to add large quantities of photographs which can provide evidence in tenancy dispute claims.

In reality, whilst some systems are considerably better than others, most technology, including digital photography, does not allow for the inclusion of sufficient detail to provide indisputable evidence of original condition at the start of a tenancy.

For this reason in many tenancy dispute cases according to The AIIC, the adjudicators have thrown out technology-based inventories, as they cannot deliver the level of detail required which means that the landlord can lose hundreds of pounds in lost cases.

Pat Barber, Chair of The AIIC, comments: “Inventory reports should contain a full description of a property and its contents with details on every bit of damage and its exact location at the start of a tenancy. As an inventory is a binding legal document that provides a complete record of the condition and contents of a property, it is only effective if it is accurate.

“Without an accurate and properly detailed inventory, a landlord has no evidence to prove that the property has been damaged in any way during the tenancy and therefore will find it almost impossible to withhold any deposit money from the tenants.

The AIIC is committed to excellence and professionalism in the property inventory process and works hard to ensure that all landlords, tenants and letting agents understand the importance and benefits of professionally completed property inventories.

The aim of the AIIC is to ensure that every landlord, tenant and agent in the UK is aware of the importance of the inventory process and the benefits of employing an independent, professional inventory clerk.

Nick Lyons commented on the above article saying “No Letting Go believe technology is critical to improve the speed of the inventory, aid in management of paperwork and to help reduce costs, but not at the expense of the detail of an inventory”

Keep up to date: Free newsletter

You might also like

Vote in the ESTAS Customer Service Awards 2020

Upload on May 20, 2019 by Ashley Salek

No Letting Go have entered the ESTAS for 2020, and now we need you to cast your votes! The ESTAS Customer Service Awards are one of the biggest events in any property professional’s calendar. Celebrating exceptional customer service across the […]

Read more

How to Prepare for The Tenant Fees Ban: Guide and Quiz

Upload on May 16, 2019 by Ashley Salek

Landlords and property professionals get ready! Thanks to the introduction of the Tenant Fees Act on 1st June, you’re likely to see an influx of tenants looking to benefit from this ban on tenant fees. Recommendations from No Letting Go […]

Read more

PropTech: Why Landlords Should Embrace Smart Innovation

Upload on May 10, 2019 by Ashley Salek

In a rapidly changing world, the property management industry needs to keep up. With the widespread digitisation of products and services taking over almost every sector, estate agents, property professionals and landlords alike will need to stay on the pulse. […]

Read more

Should You Let to Tenants With a Criminal Record?

Upload on April 16, 2019 by Ashley Salek

Some believe tenants with criminal convictions are less likely to pay rent, and more likely to cause damage. However, is it really that simple? Should you let to tenants with a criminal record? Let’s take a closer look to help […]

Read more