A new property technology platform aimed at streamlining rent reviews has launched in England, as the lettings sector prepares for significant regulatory changes under the forthcoming Renters’ Rights Act.

MarketRent, founded by Fixflo co-founders Rajeev Nayyar and Duncan Careless, has opened an early adopter programme for letting agents, property managers and build-to-rent operators ahead of a full rollout expected in the coming weeks.

The platform has been developed in response to the upcoming requirement for rent reviews to be conducted through a process that is transparent, consistent and supported by clear evidence.

MarketRent is positioned as a workflow and evidence platform, designed to enable users to compile market data, comparable properties, indexation and landlord approvals in a single system, while also supporting communication of proposed rent increases and maintaining a full audit trail of decisions.

Alongside the platform, the company has introduced a free rent indexation tool, designed to provide an indexed rent reference point using Office for National Statistics data and intended as a transparent starting point for rent review discussions.

The business has also announced an integration partnership with Veco Plus, with further integrations involving software, data and tenancy referencing providers expected to follow.

Rajeev Nayyar, chief executive of MarketRent, said the increasing complexity of rent reviews had exposed shortcomings in existing processes. 

“Rent reviews are becoming more important, more visible and more operationally demanding,” he said. “For many agents and operators, the current process is still too manual, too fragmented and too hard to evidence if it is challenged.

“We built MarketRent to solve that practical problem. This is about helping the industry run rent reviews in a more consistent, efficient and defensible way, with better communication between agents, landlords and tenants and with a clearer record of how decisions were reached.”