The new online platform has been launched to help private landlords find quality tenants.
With Tenancy Trust, private landlords can invite reviews from tenants and build a bank of testimonials over time, with a view to attracting the best tenants.
Private landlords, letting agencies and other property services can post details of their properties and services free of charge at tenancytrust.com.
This is the first platform where tenants can invite reviews from landlords. The platform also t provides a secure place for them to store documents such as payslips and proof of identify so they can provide instant access when applying for new properties.
Before posting a review both landlords and tenants must be signed up to the website.
The new startup was founded by Jon Maumy with the aim of building trust between different parties in the rental sector.
“Property rentals are like a blind date where both parties have to make a rapid commitment. Landlords entrust their costly properties to tenants they have never met who in turn agree to hand over a significant part of their income.
“While there are horror stories on both sides, the majority of landlords and tenants are decent but they need a better way to show it. Tenancy Trust allows them to use reviews in a pro-active way to build trust.
“For landlords, it is way to establish a reputation for quality and service and differentiate themselves in the market. It also plays a useful role in the referencing process.
“Meanwhile tenants can use it to build a track record to help secure the best properties just as they might use their CV to get the right jobs. This is particularly important now competition is getting tougher and people are renting for longer before they buy.
“Tenancy Trust aims to create a culture of transparency and alleviate concerns on both sides.”