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New Inventory Guide for Landlords

Posted on April 10th, 2019

http://www.arla.co.uk/media/1047914/tds-guide-to-inventories-check-in-and-check-out-reports-april-2019.pdf

A new guide on how to complete inventories on tenant ‘check in’ and ‘check out’ has been designed to help landlords and agents avoid tenant disputes over fair deposit deductions.

The guide is produced by the Tenancy Deposit Scheme (TDS), the Association of Independent Inventory Clerks (AIIC) and the Association of Residential Letting Agents (ARLA).

Accurate inventories are vital for providing proof to support claims to deduct repair and replacement costs from tenant deposits.

From 01 June 2019, the Tenant Fees Act comes into force, from that date, the maximum refundable tenancy deposit that a landlord can request is up to 5 weeks worth of rent where the total annual rent is less that £50,000.00.

For further information see the recently published guidance;

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/791273/TFA_Guidance_for_LandlordsAgents.pdf

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