A Scottish proptech firm, Lettingweb, has launched its Letting Professionals Model Tenancy (LPMT) with legally binding digital signatures so that agents and tenants can complete tenancy agreements online, quickly and efficiently.
By speeding up the workflow, including dispensing with the signing appointment, along with savings on materials, post and couriers associated with paper-based leases, Lettingweb says that agents can save up to £28 per contract.
Lettingweb currently markets 70 per cent of all rental properties managed by agents. The LPMT was launched after extensive collaboration with member firms and legal advisors Lindsay, to coincide with new legislation guaranteeing all private residential tenancies core rights and obligations.
Ross MacDonald of Lettingweb, said, “We have a mission for making letting better and we hope to make LPMT the industry standard of best practice. In this digital age, it is vitally important to conduct business in a trusted and secure online environment and that is what we have built for the LPMT Optimised to make management effective, it is capable of making significant savings in both time and money.”
Steven Currie, Director of Murray & Currie, says, “With the lettings industry subject to so much new and exciting change we have been delighted to be working closely with Lettingweb. We have shared our views and experience to embrace change knowing we are fully compliant and at the sharp edge of our fantastic industry.”