As a landlord, you’re likely always looking for solutions that will make running your business more streamlined and profitable. Luckily, there is a simple, low-cost solution that is both easy to implement and use: eSignatures on rental leases.
For years, large property management companies have utilized the convenience of online leases with eSignature functionality, leaving smaller landlords behind. Today, landlords of any size can and should be using online leases with eSign to increase efficiency and profits.
Why You Should eSign Your Lease
Time-savings: Digital signing expedites the process of completing a lease. With a few clicks on your computer, you’ll send your tenant the lease, and they will complete it at their convenience. No need to meet in person, let alone several times, waiting for a tenant to sign.
Money-savings: Hard copy leases are becoming a thing of the past. There’s no need to print a copy of a lease, spend the money on paper and ink, or in the commute to sign the lease in person. Not to mention, if a tenant requests a change in the lease, and you’re willing to make it, online leases allow for simple edits.
Improved Renewals: If your tenants choose to extend their lease, you can quickly and easily update it to reflect the new agreement, and they can sign from the convenience of their home. This hassle-free signing is a value-add to tenants old and new.
Stay current: Online leases and electronic signatures show prospective tenants that you’re dedicated to improving and updating your business, making you look professional and competent.
Competitive Advantage: Nearby landlords may not offer the convenience of electronically signing leases, making your otherwise comparable unit more attractive to prospective tenants.
Frequently Asked Questions About eSignatures
As with any new technology, especially those connected with sensitive personal data, it’s natural that you’d have questions. Here are the most commonly asked questions and their answers.
Q: Is an online lease legal and binding?
+A: Yes, online contract signing is perfectly legal. eSignatures have been adopted around the world as a legal, safe, and speedier method to execute contracts.
Q: Is an online signature valid?
+A: It is. A signature is binding, whether given in person or electronically. To confirm a signature’s validity online, it must meet two standards. First, it must be attributable to the person doing the signing. That means it must be linked to a sign-on and email to confirm who actually signed the lease. Second, once it has been signed, it cannot be edited or changed. The program must make it impossible for the contract to be overwritten or modified by anyone after signing.
Q: Is the eSignature function difficult to implement or use?
+A: No. Our platform is user-friendly, complete with a guide on how to use it, and 365 days/year customer support.
Q: How can I be sure my information is safe?
+A: We take your privacy and security very seriously. Rest assured that our site is secure, requires log-in authentication, and is encrypted.
Going digital in your lease signing can help you improve your business processes, increase your efficiency, and ultimately make for a more attractive unit.