Deposit alternative service Flatfair has launched a tool for letting agents to help administer arrears run up by tenants during the Coronavirus crisis.
The system - called Resolve - is free for agents and Flatfair says it will help the industry deal with post-lockdown problems that emerge.
An agent who has or who anticipates tenants will fall into rent arrears can ask them to upload written evidence of their financial distress on to the platform.
These documents can then be reviewed before an agent or landlord proposes a payment plan. Once the payment plan is agreed, both parties sign the documents electronically.
“As the disruption caused by Covid-19 started to mount across the rental sector, we knew we had to build something that would help landlords not get left behind” says Flatfair chief executive Franz Doerr.
“This is a very uncertain time for landlords, most of whom work extremely hard to provide a good home to their tenants, and now see their livelihood put at risk.
“Resolve will give landlords certainty that they can simply arrange a rental payment plan online with their tenants and electronically sign a legally binding agreement with everything clearly documented.”
There will also be a premium version of Resolve, to be rolled out shortly.
Deposit alternative provider flatfair says it’s set to make big announcements...
The Advertising Standards Authority has ruled in favour of deposit alternative...
The growing deposit alternative sector continues to be ultra-competitive with 15-branch...
The race for dominance in the deposit alternative field continues apace. Now...
It’s tempting to think that Michael Gove’s proposed clampdown on Airbnb-style...
Councils across England could make an additional £540m a year in...
The vast majority of negligence claims against conveyancers are for relatively...
You don’t have to simply accept things as they are when...
%20-%20IMAGE%20Client%20Accounting%20%E2%80%93%20what%20are%20your%20options.jpg)
The benefits for letting agents to outsource their client accounting is...
Let's be honest – landlords are the lifeblood of any letting...
Attention estate agents: if you're looking for a bumper Christmas bonus,...
Houses in Multiple Occupation are making up an increasing percentage of...
The government has written to Conservative MPs promising changes to the...
There’s been at most a one per cent reduction in landlords...
There’s been at most a one per cent reduction in landlords...
Tenant groups and charities reacted angrily over the Easter weekend to...
Michael Gove’s Department of Levelling Up, Housing and Communities hit back...
Who are you and what does it say on...
Who are you and what does it say on...
Who are you and what does it say on...
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment