Do I really need an inventory?

It is a question often raised by many landlords, and the simple answer is that they are vital if you need to make a claim for dilapidations to your property.

If there is an inventory lacking in detail, outdated or even worse no inventory exists at all, then you will have no evidence of what the property was like at the start of the tenancy. This means that if you or your agent are unable to provide documentary evidence that the tenant caused damage, then you will not be in a strong position to make a claim, in the event the tenant contests the check out findings.

Contrary to many landlords beliefs, an inventory is not just a list of what items are staying at the property. It is a highly detailed report of the condition of the property and cleanliness, often supported with photographic evidence at the start of a tenancy.

The inventory is not there to catch tenants out, but rather to ensure peace of mind for both tenant and landlord; to enable agreement as to the condition of the property at the start of the tenancy.

Deposit disputes can be one of the biggest problems for both parties involved in any rental property, and many potential issues can be avoided if a professional inventory is prepared.

If conducted correctly, and agreed by both tenant and landlord, an inventory should form a key point of reference for any deposit-return queries or issues over reported damage.

FoyWilliams rental team realises the importance of maintaining your asset.  An inventory and schedule of condition is vital to help us achieve this. All Landlords can rest assured that our inventories are pictorially detailed and compiled using software which allows a comparison between “going in” and “going out”, ensuring less chance of disputes at the end of a tenancy.  Please contact us for more information of how we can assist you with this.

Homes Under The Hammer

Click on the link below to see Kelly, FoyWilliams sales negotiator on BBC’s Homes Under The Hammer!

https://l.facebook.com/l.php?u=https%3A%2F%2Fwww.bbc.co.uk%2Fiplayer%2Fepisode%2Fb0btym91%2Fhomes-under-the-hammer-series-22-episode-57%3Ffbclid%3DIwAR0eiwwlVBHEbvQL9cKgXT0PBh-im9q2VAwUuDSKq9-P2gB0nT-3VQkLhVg&h=AT1QfxSAqHJAnq8oxPT_UOatuk0UpY2_oPG3eS9uJkQ-JF_ZfA4KA6rbBCH-67ced9n5bmi3T0XrSpyo1Kms7OIaxh6ZunUgPt7tivONHtibdTCQyJ3EYngNpsqnq27N-kDYrVinpktdGhB6v5nv78-OhFc_PSVeB2JzueiWlSjnoL19LQFK5ge0uLUifhcxNmM58FMLG8amME73ITlfJmkR2Eyml_XfrE2hM7q2aXmQA7B40rVnzjVqL_W0QgHl6XQCOV385Kd5tJud6YJZedC87p2Vde_ksStjq6FW3Ald52Q6GgZzq4ksA3jZ1F-6df1NtvqV8SnZqZ1vVF0gNoKQBSJRjVqgh4R_O8HsQp1XE6FImE811yJQsl8PPYAtKYFjjcIqOSKdrendMq0iXqhJr0n-PGpqNG3kOR-e5D4Zl7L1vPb_PIzoldKY8I6UJFPXkrvqfgGisg0p7ecXuoBNw5vbod5bzlejdcShcs3qEHiirv27w-r_Dn0ftP9Yyv71A4u_kmO0EH9gAnHtljDKNHeh-W-fSxlD0piLtDbYU0VYI4TUZ1ujus_LMrMlq16EkWfGwnvWfjoeHFMtkAftTWbo0Fjc0DITOtgwTu4NjtkGHS3MENbuYDdp2eUforpVha_zn7Im

Looking after your rental property in winter

blaenavonWith the temperature starting to change it is important to make sure that the property is well prepared for the coming winter months.

It’s not too late to prepare your property! 

Avoid a burst boiler and frozen pipes

Without doubt, the worst time to have a boiler breakdown is in winter when temperatures drop and we are reliant on heating. A broken boiler can cause landlords and tenants huge problems, even leading to a dispute! It is, therefore, best practice to ensure that the boiler is in top working condition.

Top tip –leave the heating on at a low temperature, even if going away in winter. This will help to avoid frozen pipes. While this may cost a small amount more in utilities it is significantly less than the inconvenience and costs incurred if a pipe was to burst.

Top tip – For any pipes that run outside the property it is a good idea to ensure that the water flow is off and the tap is run dry before the temperature hits zero. This helps to avoid any structural damages caused by excess water freezing.

Be mindful of damp and mould

Condensation can be a big problem for many properties as warm air created in the property from everyday activities, such as cooking and showering, meets cooler surfaces such as a window or wall. It is therefore extremely common during cool winter months.

Unless properly ventilated, this build-up of moisture in your property can lead to mould growth.

Damp, and especially mould, can be detrimental to your health and can cause long-term problems at the property.

Top tip – Make sure that ventilation in the property is adequate. In kitchens and bathrooms, a major hub for condensation and mould, ensure that extractor fans are working correctly

Top tip – Try turning the cold tap of the bath on first, this way when the hot water hits it will not produce as much steam. Did you know having a bath produces two pints of moisture?

Top tip – Wipe away condensation as soon as you spot it so that it doesn’t linger leading to mould growth.

Bleed your radiators

Although often overlooked, bleeding your radiators can be very useful for maintaining the property in the cold weather. Bleeding radiators involves removing trapped air that can build up over time and prevent them from working efficiently. This can result in the property feeling cold.

Rachel Broom

 

Homes (Fitness for Human Habitation) Act passes into law

The Homes (Fitness for Human Habitation) Act, introduced by Karen Buck MP received Royal Assent on 18th December 2018.

All social and private sector landlords or agents acting on their behalf will be required to ensure that a property is fit for human habitation at the beginning of the tenancy and throughout the duration of the tenancy.

Following the tragedy of the Grenfell Tower, the Act also includes a clause which extends its provision to cover common areas of a building.

If a home isn’t up to the standard of the Housing Health and Safety Rating System (HHSRS), tenants will have the right to take legal action in the courts for breach of contract.

Landlords and agents will not be liable where ‘unfitness’ has been caused by the action of tenants.

David Cox, Chief Executive ARLA Propertymark said

“We’re pleased the Bill has now received Royal Assent after a swift passage through Parliament. These new rules will give renters greater protection against criminal operators and it is a step in the right direction for the market.

“We congratulate Karen Buck MP on her work and we look forward to continuing to work with her to achieve better enforcement against those who bring the sector into disrepute.”

The Act, which amends the Landlord and Tenant Act 1985 and the Building Act 1984, comes into force shortly and will affect new and renewed tenancies, fixed-term tenancies in England. New and renewed periodic and secure tenancies will be brought under the scope 12 months’ time.  I suspect Wales and Scotland will not be far behind.

 

Julie

Looking for investment property?…

Our auction service is a method of selling your property which offers:

  • No selling fees to pay – You can sell your property with absolutely no estate agency fees
  • Control over the price – The property will never be sold for less than you have allowed
  • A timescale which suits you – The property will potentially sell quicker. The buyer must complete within timescale
  • A committed buyer – A buyer who pays a non-refundable deposit and/or non-refundable reservation fee. They are financially committed to the purchase at the agreed price once their offer is accepted with an instant exchange of contracts
  • Complete transparency – The process from start to finish is transparent. All bids on your property are shown in a transparent manner to encourage other buyers to supersede ‘current’ offers thus achieving you the best price

Contact: sales@foyauctions.co.uk

Warmest wishes for a holiday season filled with joy and a New Year of peace and prosperity.

 

Kind regards.

Julie