Another PropTech partnership for lettings management platform

Another PropTech partnership for lettings management platform


Todays other news
Peopertymark and TPO are also concerned...
Government urged to ease energy efficiency targets for landlords...
The company was set up on 2021 during the pandemic...


Teclet has announced another strategic partnership with LettsPay, a client accounting platform – the latest in a lengthy series of API partners unveiled by the platform.

LettsPay provides automated end to end rent management, with payments facilitated by standing order, direct debit or merchant services. It offers a so-called Designated Landlord Account Management which means every client is assigned their own dedicated client account wallet.

Through the integration with teclet, the rent arrears management is automated directly between the bank and the tenants including, if necessary, exercising guarantor involvement.

Garrett Foxon, Managing Director of LettsPay says: “We are delighted to … be able to, for the first time in the lettings industry, create a true end to end solution in a fully compliant and automated set up. This will be a genuine game-changer for letting agents, property managers and accounts teams as well as providing landlords and tenants with quicker, safer and more transparent processing.”

And teclet’s commercial director, John Evans, adds: “The processing is completely compliant with current regulation and already has the ability for individual client account wallets which many agents are finding that their banks are requiring and will, in the near future, be a mandatory requirement on everyone.”

Eight months ago OnTheMarket bought a 20 per cent share in Glanty, the operator of lettings platform Teclet, and agreed to an option to buy the remaining 80 per cent at a later date.

 

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Letting Agent Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
This is from the president of the Association of Residential...
The smallest rise across Britain excluding London at this time...
Property Sense has ambitions to be leasing more than 7,500...
A reversal of remote working as well as attempts to...
The BoE has come to a decision on interest rates...
The House of Lords committee stage now continues until May...
The removal of temporary rent controls may make buy-to-let more...
Recommended for you
Latest Features
Peopertymark and TPO are also concerned...
Government urged to ease energy efficiency targets for landlords...
Sponsored Content
With less than a month to go until the UK...
The UK government has implemented 16 financial sanctions rule changes...
The owners of the Rentman software application (for property Lettings...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here