The new report from the AIIC found not only are landlords failing to protect themselves against a
dispute, but also their tenants against other issues such as fire. The report found that ppeople living in
shared or rented accommodation are seven times more likely to experience a fire in the home, and such fires cause the deaths of approximately 400 people per year. These can be caused by anything from candles (said to cause more than 5 fires per day) to faulty electrics, said to be responsible for around 7,000 house fires a year.
Andy Churchill who runs Urban Village Property Investments and who draws upon 20 years worth of experience both as a Chartered Surveyor and as a residential property investor, said: "The fire safety warnings from this new report should be taken extremely seriously, and so should the warning to compile an adequate inventory."
Since the introduction of the Statutory Tenancy Deposit Schemes on 6th April 2007, the creation of an accurate and up to date inventory has never been more important. When the time comes to agree the amount of deposit returnable to the tenant, a fully detailed and accurate inventory will support the evidence of both the landlord and the tenant, particularly if there is a dispute.
Andy, who runs a few businesses here in Nottingham including AndyChurchill.co.uk,
Urban Village Property Investments and BuyMyHouse-Quick.com, all with very different target
markets, added: "Landlords who fail to protect themselves can be left with unpaid rent, disputes and costly court battles to creating an inventory is essential. I would advise any landlord looking for new investments or for advice on inventories, to contact me directly for more information at www.uvpi.co.uk or email: firstname.lastname@example.org