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LANDLORDS, You are breaking the law if you do not submit your tenants deposit to a regulated scheme
LANDLORDS, If you do not compile an inspection report your deposit claim will more than likely fail
LANDLORDS, The quicker your tenants get their due deposit back the less work there is for you.
LANDLORDS, You take many precautions renting out a property, do you complete an informative inspection report for each new tenancy?
Under deposit legislation, you as a landlord could be responsible for providing the relevant deposit scheme with a concise papertrail of evidence and documentation should your claim for funds from a deposit be rejected by the tenants. The benefit of having an inspection carried out is being safe in the knowledge that you investment has more protection and the tenant will also have more peace of mind due to the tenancy starting on a firm footing.
Only 18% of landlords submit sufficient evidence to win a successful case or to back up their claim against a tenants deposit.
Two of the main accredited organisations to monitor your tenants deposit are the Deposit Protection Service - DPS and the Tenancy Deposit Scheme - TDS, they retain deposit on behalf of the tenant and can adjudicate on deposit deisputes. Below you will find soe interesting quotes from the DPS website -
“During the lifecycle of a tenancy, the biggest challenge often comes when the tenant moves out and a dispute arises over the deposit.” (DPS blog)
“The best advice, if you have a legitimate case for wishing to withhold a tenant’s deposit, is to submit as much (relevant) evidence as possible so the Adjudicator can’t be in any doubt. There is no reason why a Landlord cannot provide a complete fair and accurate inventory.”(DPS blog)
To assist in protecting your investment, KS Property Rentals identified a need in the U.K for a concise digital inspection tool that is easy to print or email while also being able to be used on your mobile phone such as an iphone ( Including Android and even the ipad ) . After consulting with specialist software developers “Imfuna” KS Property Rentals is proud to announce the release of IMFUNA LET , available for download on iTunes and iStore for iPhone & iPad, Android version also available. With this essential and easy to use application Imfuna have set a new ground breaking standard in the UK for allowing users to process concise inspection data while also allowing for all parties to liaise and agree the report via Imfuna`s efficient online portal for landlords & tenants.
Jax Kneppers, the co-founder of Imfuna Let, said: “This is a pivotal moment for the lettings industry. Where reporting had hitherto been time consuming and awkward, it has today been dragged into the 21st century. “The vision for Imfuna Let is to take the core skills used in the inventory process and apply them using the latest digital technology.”
Below you will see some screenshots of how the app looks on your smarphone or iPad
So what can an Imfuna report do –
- Capture detailed "snapshots" of a property's condition over time, with a mobile device;
- Take photos, notes and dictation on site to create cohesive, intuitive property reports quickly & easily without new devices;
- Achieve fast agreement between building owners and tenants reducing condition disputes to almost zero;
- Improve maintenance processes through documentation;
- Create professional, time-stamped reports of a property's condition over time with side-by-side comparison reports allowing for long-term protection;
- Instantly share and edit condition reporting between landlords, agents, property managers, maintenance and tenants.
Alan Corkill, Co-Founder of Imfuna and a chartered surveyor of extensive experience confirms "With imFuna Let producing a report is easy! You don’t need any special software and you don’t need to know about how to match photos with rooms. All of this has been done automatically for you. Just sign onto the web-site and see your information"
With over 85% of deposit claims relating to the cleanliness of a property at the tenancies end, special attention needs to be taken when a tenancy starts.
When submitting a tenants deposit to a regulated scheme, you could be seriously under mining your position if the property condition has not been suitability documented. Many self management landlords fail to claim legitimate monies from tenants deposits due to not having sufficient evidence. According to the DPS, 38% of deposit claims are awarded to tenants because the landlords fail to provide enough evidence for the claim.
At KS Property Rentals, our clients who receive our Full Management Service benefit from the added protection of an Imfuna report as a standard part of our service, our self management landlords take advantage of our Imfuna Inspection Reports for added protection, why not join them, its cheaper than you think.
For more information on benefiting from an inspection report why not visit our office or website -
194, Canterbury Road, Birchington, Kent CT7 9AQ
Or you can call or email Simon Smith on
01843 843845
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