2 days training course : £ 350.00 + VAT

**Free Accreditation to Licensed Inventory Assessors Scheme**

What are inventory Assessors?

Inventory Assessors prepare reports for Landlords that contain a list of the fixtures and fittings in a property that is available for rent and the condition of the property. Inventory Assessors will prepare an independent and objective report prior to occupancy, called a check-in report and a comparison report when a tenant vacates the property, called a check-out report. DEAs already provide EPCs for Landlords and this service can be added to provide additional income opportunities.

Why do they need an Inventory Report?

Under the Tenancy Deposit Scheme (TDS), Landlords and Tenants have a right to the deposit paid to be protected for damages to the condition of the property and its contents, the inventory. This independent report provides a basis for both parties to be able to refer to the report in case there is a dispute.

What is the market for this service?

DEAs visit properties for EPCs as part of their role and these properties also require an inventory report. High quality independent Check-in and Check-out reports are an important part of the TDS protection system. They could be used for appeals and adjudication in case there is a dispute between the parties.
Inventory reports currently market for £70-150 per report. This can be an added value service for estate agents, DEAs and landlords. There are over 2 Million rental properties in the UK and the market is strong and likely to grow where the Inventory Report is essential part of the system.

What are the other costs?

There are no additional costs for 12 months as you will become a member of the Licensed Inventory Assessors scheme. Thereafter, if you wish to continue with the scheme, there will be an annual licence fee and lodgement fees. However, if you wish to hold data centrally with the scheme in the first year, then there is a lodgement fee of £7.75 per report. This will provide you with Inventory Clerk Professional Indemnity and Public Liability Insurance Policies. You can make use of the lodgement and insurance provided by the scheme on a report, pay-per-click basis, when a lodgement fee is paid.

How long is the course?

The course is for 2 days but will be delivered over separate days for students to be able to practice and prepare for the examination on the 2nd day after about 2 weeks. You will receive a nationally recognised qualification as a Licensed Inventory Assessor.

Aims and Objectives:

• To train delegates in the preparation and development of Inventory Reports
• To provide an introduction why we need inventory reports and the rules of providing them to legal requirements
• The training will cover costs, compliance, regulations and business development

Course Contents:

• What are Inventory Reports and why are they needed
• Contents of a Inventory Report instruction and the legal framework
• Pricing and costing Inventory Reports
• Preparation and pre-survey information
• Inventory Reports and compliance
• Documentation and data management systems
• Business skills in obtaining instructions
• Survey strategies
• Preparation of file submission and records required

The workshop will be interactive based on examples and full information packs; delegates will be able to provide Inventory Reports services to Estate Agents, Solicitors and Property owners at a competitive reduced cost to add to their EPC business. There is some pre-course reading before the course.

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