Breaking Property News 07/07/25
Daily bite-sized proptech and property news in partnership with Proptech-X.
The Depositary’s latest platform enhancements cut admin time by up to 95% and help agents achieve faster, fairer tenancy conclusions.
The Depositary has today announced the launch of two major new features- the Landlord Negotiation Consent Tool and an AI-powered Negotiation Assistant – marking a significant leap forward in how letting agents and property managers handle end-of-tenancy processes.
These innovations are designed to tackle two of the industry’s most persistent challenges: time-draining negotiations and slow deposit returns. With these tools now live, The Depositary enables agents to conclude tenancies in as little as 10 minutes- down from the traditional three hours in a manual process. This helps drive average reconciliation times toward The Depositary’s 10-day target (currently around 12 days)- compared to the UK average of 21 days.
“Tenancy conclusions are a necessary evil for most agents- frustrating, manual, and prone to delay. These tools flip that experience on its head,” said Kristjan Byfield, Co-Founder of The Depositary. “We’re giving agents the tech to be faster, more compliant, and dramatically more effective- all while delivering a better outcome and experience for both tenants and landlords.”
Key Features in Focus
🔹 Landlord Negotiation Consent Tool
Prompts landlords at the ‘proposal sign-off’ stage to grant upfront negotiation parameters (e.g., 90%, 75%, or a custom amount). This empowers agents to respond quickly and conclude negotiations without the need for constant back-and-forth.
🔹 AI-Powered Negotiation Assistant
Uses tailored prompts and tenancy law frameworks to generate professional, empathetic, and compliant responses to tenant counteroffers within seconds. Agents maintain full control, with the option to edit or contextualise any AI-generated response.
Andrew Stanton Executive Editor – moving property and proptech forward. PropTech-X
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