Rightmove and OpenRent Reach New Agreement After Standoff

August 9, 2024

UK market leader Rightmove has agreed new terms with lettings specialist OpenRent, days after saying the agreement between the two companies would end in September.

In a brief statement to the market, Rightmove said:

Further to the announcement on 6th August, Rightmove announces that OpenRent has entered into a new membership agreement. Our guidance for the year remains as stated at our H1 2024 results.

Rightmove had suggested that memberships would drop as a result of the now-reversed OpenRent termination, but this figure now appears to be obsolete.

The two parties have now decided it would be mutually beneficial to agree to new terms after a month-long standoff that saw OpenRent remove Rightmove from its website as an advertising partner.

August 9, 2024
Harvey is an experienced property journalist and copywriter. He has written about the property industry since 2015, starting at The Property Franchise Group in the UK, before moving to Spain to work for Spotahome. He has blogged for the private rented sector, ghostwritten for UK property experts and written case studies for franchise owners around the UK. Harvey joined Online Marketplaces as a News Editor in 2022.

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