Reading time: 3 minutes. Photo by AleksandarPasaric from Pexels.
Real estate, as in all commercial fields, has been a victim of the great uncertainty that the pandemic has brought to most industries.
There has been a drop in the number of contracts that have been signed. And the investment risk in real estate has grown, especially in the retail and commercial sector since many companies dropped theirs renting and started working digitally.
Brokers and agents started to look for new tenants but most of them were not ready to manage negotiations through digital systems and didn’t have the tools to rent out apartments or commercial properties during a lockdown.
Fast tracking contract in real estate?
The necessity for new ways to manage onboarding flows, identity and credit checks, negotiations and signatures in a safe way (both legally and medically) had become a clear need in the sector.
Even Forbes in its article “11 Predictions For Innovation In Commercial Real Estate” spoke about the increasing need for technology solutions and automation.
Something that could be used remotely but also backed by a bank guarantee.
Thanks to Venture Capitalist Plug and Play tech centre, ING Real Estate Finance started a collaboration with Trakti to give life to Easyleasing – a smart contracting platform for real estate investors.
But how do you obtain contract innovation in real estate? Well, Easyleasing is a perfect example!
So what is Easyleasing exactly?
Easyleasing.nl is a platform where clients can access a unique end-to-end system for negotiations. It provides landlords or real estate agents with the quickest way to conclude rental contracts.
Tenants are easily authenticated and verified via DigiD (Dutch digital identity system), which is used to identify counterparties and automatically and securely fill their trusted info in their contracts, as well as perform tenant financial due diligence.
All this is made possible thanks to Trakti’s collaboration with Qii, a start-up offering personal data management solutions in the Netherlands, ensuring that every EasyLeasing user is identifiable and financially reliable.
In addition to managing the onboarding, identification and qualification activities, Easyleasing also supports, where required, all the negotiation phases and the final electronic signature of contracts.
Does that sound familiar? No?
Well, that is exactly what Trakti does; it creates an environment where contracts can be managed from the drafting stage up to signature and lifecycle management. And all these features are customizable and can be tailored to your needs!
If you want to know more about what Trakti can do for you visit our Why Trakti page.
The part we’re most proud of is the time it took us to implement the project: from pilot to commercialization, only three months were required! And all this during COVID-19, so completely remotely.
Now that you’ve had a taste of what Trakti can do, are you ready to try it out yourself? Start a 14-day free trial now!