OnTheMarket signs software agreement with Arun Estates

OnTheMarket said on Friday that it has signed a software agreement with estate agency group Arun Estates.

The agreement is for the use of OnTheMarket Software's TecLet platform across its entire lettings business.

OTM said that 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.

Chief executive Jason Tebb said: "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."

At 1055 BST, the shares were up 4.35 at 73.50p.