Lendlord has launched new tools to help landlords ensure they are ready to comply with the Renters’ Rights Act as deadlines loom.

The property management and lending platform says its new solution will support landlords in meeting their obligations.

The government requires landlords to provide tenants with an information sheet before May 31 and they must be able to prove that this has been received.

Failure to do so could result in fines of up to £7,000 per tenancy.

Lendlord’s tools will help landlords distribute the document, track tenant engagement and retain a clear audit trail.

Within the app there is an acknowledgement system, which prompts tenants to confirm they have read the document before progressing.

There is an e-signature function so landlords can send the information sheet digitally and capture a signed record of receipt.

Lendlord also provides a tenancy agreement generator, producing solicitor-backed periodic agreements that comply with new regulations.

Lendlord chief executive and co-founder Aviram Shahar says: “The requirement itself is straightforward, landlords need to provide the official information sheet to every tenant by May 31, but the real issue is proving that it has actually been received.

“The burden of proof sits entirely with the landlord, and a standard email or proof of posting does not confirm that the document has been opened or read.

“What we are seeing is that this is less about sending a document and more about evidencing service in a way that stands up if challenged.

“That is where the risk sits, particularly for portfolio landlords where penalties apply per tenancy.

“For brokers and advisers supporting landlord clients, the requirement introduces an additional layer of compliance risk and so our focus has been on helping them create a clear, time-stamped audit trail, whether that is through tracked document sharing or a signed record, so they can demonstrate compliance with confidence rather than relying on assumptions.”