As someone who is likely going to be stuck renting for the foreseeable future, I agree. I’ll happily pay my deposit to some sort of escrow that the landlord has zero access to until it’s proven by a neutral third party, with no financial interest in the property, who has seen the property before and after renting.
My honest opinion? By the city. Yeah i know that introduces another layer of issues, but there needs to be some sort of integrity in place so there’s no conflict of interest coughutahlegislaturecough
It’s important to prevent conflict of interests but asking the city to step in in every single rental agreement is not necessarily an effective solution. Someone else here suggested having the cost split between the tenant and the landlord, which has the merit of addressing the potential conflict of interest.
Splitting costs between a party paying money and a party receiving money (in exchanage for goods or services) never works.
If the landlord wants to rent for X but have to pay Y, they will simply rent for X+Y so they end up with X the way they wanted.
Or just make some laws about impartiality, and use fines and loss of licence as punishment. Lastly, allow renters to choose the inspector.
Unfortunately in many places houses are rare and landlords can choose from a wide range of interested renters. They can always choose the renter that is willing to pay for the inspection completely and choose the inspection company favoured by the landlord.
As someone who is likely going to be stuck renting for the foreseeable future, I agree. I’ll happily pay my deposit to some sort of escrow that the landlord has zero access to until it’s proven by a neutral third party, with no financial interest in the property, who has seen the property before and after renting.
Who’s going to pay this neutral third party to come see the property twice and allocate the deposit between the tenant and landlord?
My honest opinion? By the city. Yeah i know that introduces another layer of issues, but there needs to be some sort of integrity in place so there’s no conflict of interest coughutahlegislaturecough
It’s important to prevent conflict of interests but asking the city to step in in every single rental agreement is not necessarily an effective solution. Someone else here suggested having the cost split between the tenant and the landlord, which has the merit of addressing the potential conflict of interest.
Splitting costs between a party paying money and a party receiving money (in exchanage for goods or services) never works. If the landlord wants to rent for X but have to pay Y, they will simply rent for X+Y so they end up with X the way they wanted.
What we are trying to avoid here is a conflict of interest where the third party would side with whoever pays them most of the time.
Or just make some laws about impartiality, and use fines and loss of licence as punishment. Lastly, allow renters to choose the inspector.
Unfortunately in many places houses are rare and landlords can choose from a wide range of interested renters. They can always choose the renter that is willing to pay for the inspection completely and choose the inspection company favoured by the landlord.