OTM Software signs agreement with Arun Estates

OnTheMarket

05/05/2023 07:00

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RNS Number : 4956Y  OnTheMarket plc  05 May 2023

REACH

ONTHEMARKET PLC

 

("OnTheMarket", the "Group" or the "Company")

 

 

OnTheMarket Software signs agreement with Arun Estates

 

OnTheMarket plc (AIM: OTMP), the majority agent-owned company which operates
the onthemarket.com property portal, is pleased to announce that Arun Estates,
one of the UK's largest estate agency groups, has signed an agreement for the
use of OnTheMarket Software's TecLet platform across its entire lettings
business.

 

TecLet, the automated pre-tenancy and property management platform, will
enable Arun Estates, which operates from over 100 branches, to provide its
landlords and tenants with a seamless approach to the tenancy and onboarding
process, including renewals and changes of sharers.

 

The platform provides landlords, tenants and guarantors with a fully
interactive portal, operating 24/7 whilst ensuring full legal compliance.
TecLet's unique benefits include seamlessly integrating the various service
providers chosen by Arun Estates to manage aspects of the lettings process,
including E-document Signing (Finch), Open Banking Referencing (Let Alliance)
and an alternate deposit option (Flatfair) to name a few.

 

Jason Tebb, Chief Executive Officer of OnTheMarket, comments:

 

"We launched OnTheMarket Software as part of our strategy of building a
differentiated, technology-enabled property business and are delighted that
Arun Estates has chosen our TecLet platform for its entire lettings business.
We look forward to providing them with the significant benefits of TecLet in
terms of improved efficiency and productivity along with higher levels of
customer service and increased API revenue generation. We are now more than
just a portal and the continued sign ups to our software solutions are
testament to how we are providing added value for our agents."

 

Jason Bunning, Managing Director of Operations at Arun Estates comments:

 

"We have a passion for delivering great customer service and making the moving
process as stress free as possible, and working with OnTheMarket and TecLet
helps us on both fronts by complementing and enhancing our customers' digital
journey."

 

Ends.

 

For further information, please contact:

 

OnTheMarket
                                                                                       0207
353 4200

Jason Tebb, Chief Executive Officer

Simon Bullock, Interim Chief Financial Officer

 

Teneo
 
                        0207 353 4200

Giles Kernick

Alec Tidbury

 

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Background on OnTheMarket:

 

OnTheMarket plc, the majority agent-owned company which operates the
onthemarket.com property portal, is a leading UK residential property portal
provider.

Its objective is to create value for shareholders and property advertiser
customers by delivering an agent-backed, technology enabled portal - offering
a first-class service to agents and new homes developers at sustainably fair
prices and becoming the go-to portal for serious property-seekers.

OnTheMarket provides a unique opportunity for agents to participate in the
equity value of their own portal. Agent backing and support enable
OnTheMarket to display 'Only With Us' properties which are either exclusive
properties advertised at onthemarket.com by customers who do not list their
properties with either Rightmove or Zoopla, or properties listed 24 hours or
more before agents release these properties to Rightmove or Zoopla.

 

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