Founder of the "first digital tenant lease creation and execution platform" in the UK claims it could save Scottish letting agents up to £3.5m a year.
Scottish proptech firm, Lettingweb, has launched its Letting Professionals Model Tenancy (LPMT) with legally binding digital signatures. For the first time, Scottish letting professionals and tenants can complete private rental tenancy agreements “entirely online, faster and more efficiently than ever before”, said the company.
It said that by speeding up the workflow and approval process, including dispensing with the signing appointment, along with savings on materials, postage, and couriers associated with paper-based leases, agents can save up to £28 per contract, or the equivalent of £3.5m a year.
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