5 Reasons Landlords Should E-Sign Agreements
Updated: Feb 11, 2021
Technology is changing lives in all spheres of life. No matter what business you are in, it's helping you to reshape your business and help you get more work done in less time. From virtual property management to online rent collection to Agreement E-sign, there is a digital solution for anything and everything. Regardless of how useful these digital solutions are, people do not adapt to these solutions quickly.
Here are the top 5 Reasons why Landlords should eSign lease agreements
1. It's Legal
This indeed is a very important question one should ask. And the answer to this question is YES!
Digital documents with an E-Sign are legal documents and can be used in even courts in a legal matter. This is backed by International laws. According to International Law Esigned documents are legal in 190 countries. In Europe and United States legalize digital documents with Esign under European Union eIDAS EU No. 910/2014 ensure and U.S Electronic Signature in Global and Nation Commerce Act 2000 (ESIGN) respectively.
2. Better Document Management
Managing documents in hard copies is a tough job. On the contrary, digital management has already proven to be a better alternative. With eSign, you have digital footprints of every step you took during the legal process of the agreement. One can access these documents within seconds. And you can access these documents anywhere you want.
3. Saves Time
Time is considered to be one of the most valuable assets to have ever existed. Businessman understand this value and they will make use of every opportunity they could get hands on, to make better use of this valuable asset.
Legal paperwork consumes consume a lot of time by scanning and printing documents multiple times. Imagine finding mistakes in a lease agreement. Making corrections, printing it, again and again, can cost time and money. On the other hand, Esign is quicker. All you have to do is to send the lease to your tenant. He can review the lease and Esign it and send it back to you. That’s how fast this works. Isn’t it great? You don’t have to travel to meet tenants in person.
4. Efficient Property Management
Some property management applications offer Esign service as well. This makes it very easy to handle all your property matters all in one application. And some even offer online rent collection, which turns these applications into property management offices that can be run from your phone. Isn’t that convenient?
E-Sign makes renewals a few minutes job. You don’t have to go through hell to renew the lease. It can save so much time for landlords and tenants alike.
5. Offer's Security
E-Sign is secure via HTTPS SSL (Secured Socket Layer by HTTPS). This is the Latest Online Security Protocol. E-Signs work through secure Esign accounts that send data via SSL. It saves your data on the servers in the same secure format.
In case if you leave your account signed in, it automatically signs out your session every once in a while to make sure it is only you who can access your account. In short, Esign is safe and secure.
In conclusion, Esign is a cost-effective digital solution. It solved the time consuming legal paperwork problem. Esign not only makes property management a lot easier but also help tenants save time. On top of that, it attracts attention and proves how efficient the landlord is. Saving time on legal work and spending time on existing tenants, realtors can focus on new ventures.
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