5th May 2023 10:24
(Alliance News) - OnTheMarket PLC on Friday said it signed an agreement with estate agent Arun Estates Ltd for Arun to use OnTheMarket Software's TecLet platform across its entire lettings business.
OnTheMarket is a Manchester-based majority agent-owned company which operates the onthemarket.com property buying portal.
No financial details were disclosed regarding the deal.
OnTheMarket said TecLet, an automated pre-tenancy and property management platform, will enable Arun Estates to provide its landlords and tenants with "a seamless approach to the tenancy and onboarding process, including renewals and changes of sharers".
Arun Estates operates from over 100 branches, OnTheMarket noted.
"The platform provides landlords, tenants and guarantors with a fully interactive portal, operating 24/7 whilst ensuring full legal compliance," said OnTheMarket in a statement.
"TecLet's unique benefits include seamlessly integrating the various service providers chosen by Arun Estates to manage aspects of the lettings process, including e-document Signing (Finch), open banking referencing (Let Alliance) and an alternate deposit option (Flatfair) to name a few."
OnTheMarket Chief Executive Officer Jason Tebb added: "We look forward to providing [Arun Estates] with the significant benefits of TecLet in terms of improved efficiency and productivity along with higher levels of customer service and increased [application programming interface] revenue generation.
"We are now more than just a portal and the continued sign ups to our software solutions are testament to how we are providing added value for our agents."
Shares in OnTheMarket were up 4.3% to 73.50 pence each in London on Friday morning.
By Greg Rosenvinge, Alliance News reporter
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