Blockchain-based property portal OpenBrix and tenant deposit scheme TDS have launched a tenant lifecycle app to help agents improve the rental experience for tenants.
The tlyfe app has been in development for several months and, it is claimed, will be the first smartphone app to offer a full service from first enquiry to checkout all on the app. To ensure it is compliant, it has been built following consultation with the U.K. government’s Department of Levelling Up, Housing and Communities (DLUHC).
Features on the app include verified digital ID and right-to-rent checks, available to use at the click of a button, a low-cost tenant loan solution, which gives tenants some flexibility for their finances, an interactive move-in process and auto document storage. TDS’s involvement means that the deposit protection process can also be fully managed tlyfe.
The app can also be used by tenants to improve their credit rating. It keeps an ongoing digital record of all rental payments. If they are paid on time, these payments can be added to their rental histories using the app to help build a tenant’s credit score.
The app is available exclusively to TDS customers for free and is the second tech launch from the collaboration, following TDS’ investment in OpenBrix in the summer when the two companies signed an investment and distribution agreement
“Thanks to this unique collaboration with industry leader TDS, the release of tlyfe will make a real difference to tenants and give them a huge advantage when managing their rentals,” said OpenBrix CEO Adam Piggott.