According to InsurTech Insights, about half of Germany's population lives in leased property, therefore the product, known as RentalBot, is aimed to address the country's complicated housing regulations.

Tenancy-related legal difficulties are prevalent across the country, necessitating convenient access to legal counsel for both landlords and renters.

Developed in collaboration with ChatLegal, a legal technology business, RentalBot makes use of machine learning and natural language processing algorithms to comprehend customer inquiries, evaluate pertinent legal documents, and offer lucid advice on rental legislation and typical issues.

It provides support on matters such lease conditions, maintenance, deposit disputes, evictions, and rental hikes.

With a focus on the rental market in Europe, INZMO offers creative solutions to meet the particular difficulties that landlords and tenants encounter. By releasing this product, the firm hopes to increase the availability of legal support by providing insightful and helpful professional aid on frequent rental difficulties.

According to Reelika Ein, Chief Product and Experience Officer at INZMO, "Landlords and tenants are frequently compelled to seek out expensive expert legal assistance due to the complexity of the nation's complicated and rigorous housing regulations. The market clearly needs INZMO's assistance in providing quick, knowledgeable, and reasonably priced solutions to typical rental problems and conflicts for both renters and landlords.

"We anticipate a further growth in the demand for legal help as a result of the present economic situation, which is straining the rental market with growing expenses and interest rates. We can provide users with a quick, easy, and cost-effective way to get the information and advice they require, around-the-clock, by collaborating with ChatLegal to train an AI-powered chatbot on German rental laws and typical legal issues. This will help prevent issues from getting worse and necessitating more extensive legal support.

Now accessible on the INZMO website, RentalBot provides 24/7 access for a special price of €4.99 to both landlords and tenants on a pay-per-consult basis.

The service is now offered in German and English and gives consumers useful, understandable information before problems get out of hand and necessitate more extensive legal assistance.