first_imgA new proptech platform that will shorten the tenant check-out process for letting agents by up to 75% is about to be officially launched.The Depositary, which has been under development for approximately two years, is now set to launch on 10th October and has been developed in partnership with deposit scheme TDS.The platform claims to streamline the process of returning deposits to tenants after they give notice to quit.Several industry figures were given a sneak peak at the new platform on Friday (pictured, above) including Russell Quirk from Properganda, former Northwood MD Eric Walker, Kerfuffle founder and former Reapit boss Simon Whale, Rajeev Nayyar from Fixflo, Nicky Stevenson from Keller Williams, agent Perry Power and Best Agent founder Charlie Wright.“The end of tenancy process is messy and convoluted and it always felt that is was the perfect candidate for digital reinvention,” says Kristjan Byfield, who as well as founding The Depository, runs London lettings agency Base Property.Murky processKristjan Byfield is still holding back about how the new platform will work other than to say it will show tenants how their end-of-tenancy process is progressing via a timeline, but says it will bring transparency to a process that many tenants believe is ‘murky’.He also claims that 90% of tenants who have tried the platform during testing said it was much easier than traditional check-outs.The Depositary also claims that the check-out process for letting agents is reduced by three to four hours per tenancy between notice being given and deposit monies being returned.Base Proeprty Kristjan Byfield The Depository September 23, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Launch of revolutionary new tenant check-out platform just days away previous nextProducts & ServicesLaunch of revolutionary new tenant check-out platform just days awayLetting agent Kristjan Byfield convened a dozen of the industry’s best-known figures to present his proptech brainchild The Depositary.Nigel Lewis23rd September 20190717 Viewslast_img

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