PROPTECH: Teclet and TDS combine to offers faster tenancy deposits

Platforms say the realise how tiresome agents find tenancy deposit protection, and say they've found a solution.

rental deposits TDS mouse click

Letting agents who use OnTheMarket subsidiary and proptech platform Teclet can now complete tenancy deposit protection via TDS with a few clicks of their mouse.

The new service follows Teclet’s adoption of the ‘plug-and-play’ TDS API which simplifies the transfer of tenancy deposit data from a CRM database onto the deposit scheme’s platform.

Until fairly recently agents have found that lodging rental deposits with the approved government deposit protection schemes like TDS has been tediously manual, time-consuming and often involving the duplicate inputting of information into different systems, something the API created by TDS solves.

It also add to the Teclet promise to help agents streamline their operations when completing both pre-tenancy, property management and end-of-tenancy tasks.


Link to Tenant Deposit featureTDS Chief Executive Steve Harriott (pictured) says: “We understand how tiresome it can be for letting agents to duplicate administration data at the start of a tenancy.

“Through the development of our API, our tech team has ensured that the registration process is as streamlined as possible, to give agents and landlords an optimum start to their tenancies.

“Our goal is to continue to make tenancy deposit protection as fast, secure and compliant as possible.”

alan blockley tecletTeclet boss Alan Blockley (pictured) adds: “This is another example of how productivity and compliance can be improved to everyone’s benefit with huge reductions in time by not duplicating data entry.

“We pride ourselves on our service delivery and our commitment to make life easier for everyone in the lettings process.

“Teclet’s integration with our API will enable that service delivery to improve further and benefit all stakeholders.”

OTM bought Teclet in March last year.

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