New partnership aims to reduce burden of compliance for letting agents

Property management platform and CRM provider teclet, which is part of the OnTheMarket Group, has completed its integration with regtech provider Kamma, with a view to reducing the burden of compliance for letting agents and property managers.

The integration enables automated licensing checks within teclet, from initial listing, through pre tenancy and then ongoing, alerting agents and landlords immediately if there are any changes.

According to Kamma, there are licensing changes every eight days across the UK on average. In April this year, 11 new selective and additional licensing schemes started in seven different local authorities including Ealing, Luton, Liverpool, Lewisham and Durham. With a total of over 500 mandatory and discretionary schemes already in operation, and another seven set to start in the coming weeks, agents need to take action to reduce their risks and protect themselves against fines.

The increase in schemes has also come accompanied with greater council enforcement in some areas, with the total fines for non-compliant landlords and agents having now passed the £7.7 m mark in London alone.

The partnership between teclet and Kamma will support agents to stay ahead of any regulatory changes and identify any potential risks in their portfolios, according to Kamma’s CEO Orla Shields.

Shields explained: “Our integration with teclet enables us to deliver our data and local authority coverage across the teclet platform, reducing the burden of compliance to customers, delivering peace of mind and opening up a new revenue stream at a time that agents need it most.”

teclet CEO, Alan Blockley, added: “Our integration with Kamma provides our users with access to live and up to date data on the many and various licensing schemes that exist, and together with the impact on the properties they are letting and managing.

“Alongside our other “best-in-class” supplier integrations, the Kamma solution automatically supports the delivery of great service and ensures the peace of mind of a robust and fully compliant approach.”

 

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