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, (Pictured) 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.
Watch the Tools in Action
Feature demo videos are available now:
- 🎥Landlord Negotiation Consent Tool: https://youtu.be/zk_jGGOYmYI
- 🤖AI Negotiation Assistant: https://youtu.be/Ta1z8Vq6u-w
Live Now- and On Show at the Kerfuffle Conference
The Landlord Consent Tool is live across all client accounts. The AI Negotiation Assistant is available upon request.
Meet us at the Kerfuffle Conference on Thursday 10th July at Wembley Stadium to explore these tools in person and speak with our team.
Not got a ticket to KerfuffleCon yet? Don’t worry, we’ve got you covered…..
Kerfuffle Conference Ticket Booking & Discount Code
🎟️ Book your tickets here: https://registration.kerfufflecon25.com/kerfuffle25/register
💸 Use code TheDepositaryGuest200 to secure standard tickets at £200 + VAT
Andrew Stanton CEO Proptech-PR
Andrew Stanton Founder & Editor of 'PROPTECH-X' where his insights, connections, analysis and commentary on proptech and real estate are based on writing 1.3M words annually. Plus meeting 1,000 Proptech founders, critiquing 400 decks and having had 130 clients as CEO of 'PROPTECH-PR', a consultancy for Proptech founders seeking growth and exit strategies. He also acts as an advisory for major global real estate companies on sales, acquisitions, market positioning & operations. With 200K followers & readers, he is the 'Proptech Realestate Influencer.'
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- Andrew Stantonhttps://proptech-x.com/author/andrew-stanton/
- Andrew Stantonhttps://proptech-x.com/author/andrew-stanton/
- Andrew Stantonhttps://proptech-x.com/author/andrew-stanton/
