PropTech platform Goodlord now integrates with the latest API from the Tenancy Deposit Scheme to automate tenancy deposit registration and reduce the time agents spend on tenancy administration.

The partners claim the integration allows letting agents to register deposits at the click of a button, without the need to manually enter data. 

The TDS API automatically transfers deposit data from a Goodlord’s lettings platform to the deposit scheme – apparently saying up to 10 minutes on each tenancy according to Goodlord’s research.

Steve Harriott, chief executive of Tenancy Deposit Scheme, comments: “We are delighted to have Goodlord partner with the TDS API. Their continuing mission to provide a great renting experience for their customers aligns completely with our own values of working hard to improve the PRS and make the life of agents easier.”

And Costas Frangeskou, director of sales at Goodlord, adds: “Many of our customers have been asking for this integration with TDS, so we’re thrilled that we can now offer it to them. 

“Registering deposits is one of the most important compliance tasks a letting agent must complete as part of the tenancy process, but it can also be a time-consuming one. This integration not only saves letting agents’ more time, but also reduces their risk of making manual errors.”