14th Jun 2023 10:12
(Alliance News) - RentGuarantor Holdings PLC on Wednesday said that it has signed a deal with InsureStreet Ltd, otherwise known as Canopy, for the use of its RentGuarantor service.
RentGuarantor is a London-based provider of rent guarantee services in the UK private rental sector. Canopy, meanwhile, provides access to tools, services, and products for renters, letting agents, and landlords.
The initial partnership is for three years.
Under the terms of the agreement, RentGuarantor will provide a company guarantor option to Canopy's tenants.
"We are delighted to announce this partnership with Canopy. Canopy's drive to provide access to services that benefit all areas of the rental value chain aligns closely with our own values, and we look forward to providing their tenants and landlords with the option of securing a guarantor," said RentGuarantor Chief Executive Officer Paul Foy.
Canopy CEO Chris Hutchinson added: "This will enable us to provide even more tenants with access to property and more landlords certainty of rent payments at no cost, enhancing our already excellent offering to the private rental sector."
RentGuarantor shares last traded at 258.00 pence each on Aquis in May.
By Holly Beveridge, Alliance News reporter
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