A new PropTech platform has been launched by a professional landlord which allows both landlords and tenants to rate each other.
Landlords can invite tenants to review on Tenancy Trust, and over time build a bank of testimonials.
Jon Maumy, a professional landlord with a portfolio of properties in the Midlands, is the creator of the platform. Maumy came up with the idea while researching the property market as part of a post-graduate business course at the University of Northampton.
He explains: “Property rentals are like a blind date where both parties have to make a rapid commitment. Landlords entrust their costly properties to tenants they have never met who in turn agree to hand over a significant part of their income.
“While there are horror stories on both sides, the majority of landlords and tenants are decent but they need a better way to show it. Tenancy Trust allows them to use reviews in a pro-active way to build trust.
“Tenancy Trust aims to create a culture of transparency and alleviate concerns on both sides.”
The platform allows landlords and other service providers to promote their properties and services free of charge alongside a secure place for tenants to store documents such as payslips and proof of identify when needed.