Electronic lease signing is a fairly new and innovative concept that is becoming very popular. People have the luxury of signing at their own convenience online which makes it easier for us to accommodate people who are relocating from multiple states. Going digital is increasingly expected due to potential tenants busy lifestyles. The majority would prefer the comfort and ease of signing electronically on their own time.
Signing electronically is safe and legally-binding. According to the Electronic Signatures in Global and National Commerce Act, enacted by Congress in year 2000, digital signatures are as legally-binding as written signatures. Here is a small section of the Act;
“(1) a signature, contract, or other record relating to such transaction may not be denied legal effect, validity, or enforceability solely because it is in electronic form; and (2) a contract relating to such transaction may not be denied legal effect, validity, or enforceability solely because an electronic signature or electronic record was used in its formation.”
There are a few reasons why signing electronically is good for everyone, both tenant and landlord. One reason is the amount of time that is saved. It allows moving transitions to go quicker for every party involved. It is as simple as sending an email to the Tenant which they can review and electronically sign on their own time. Once finished, the Landlord countersigns and in one click of a button both parties are emailed a fully executed rental agreement. Both are able to save a digital copy on their computer and print out as needed. Another good reason is that it allows us to go green and have a clear conscience. Not having to print out paper copies allows us to save more trees and be more eco-friendly. Lastly, it makes a professional impression and establishes confidence in the landlords abilities. We are always looking for more innovative and efficient ways to manage your properties and electronic leases convey just that.