Deposit API deal ‘makes registration much simpler’

The Tenancy Deposit Scheme (TDS) has unveiled an API integration deal with Coventry-based EREC Estates.

By joining the TDS system to EREC’s tech offering, it is hoped the procedure for agents registering deposits will be made much simpler.

Duplicating deposit data from a CRM system onto a deposit scheme platform can be a lengthy process.

But the TDS API solves this issue by eliminating the need for manual data input.

Last year, the TDS struck a similar deal with OnTheMarket subsidiary and proptech platform Teclet.

This efficient solution works seamlessly with our API software.”

Debbie Davies, head of sales and customer success at the TDS, says: “We are pleased to announce the successful integration of our API with EREC Estates.

“This efficient solution works seamlessly with our API software, enabling agents to devote more time to their primary business,” she says.

“Our integration is a significant step forward in our ongoing efforts to make tenancy deposit management more efficient for everyone involved.”

Error rates

Tom Li, business manager, EREC Estates, says: “This integration with TDS API not only enhances our work efficiency, saving time in the creation of TDS accounts and data entry, but also significantly reduces our error rates”.

EREC Estates is a property management company that specialises in student accommodation investment and development.

It is a collaboration between European Real Estate Company Ltd, led by Pan Rui and Trust Estates Ltd, offering investment advisory on real estate sectors, development and management services to clients from the UK and the Far East.

Student brand

The company has strong ties to the education sector in both the UK and China, and in 2016 it launched UNINN a student accommodation brand.

UNINN now manages properties, totalling 1400 beds, in Coventry, Sheffield, Newcastle, and Leicester.