Being a landlord or property manager is a rather time-consuming job. Advertising and showing the property, then vetting tenants all require time and patience but signing a lease doesn't need to be.
We do everything online. Why not sign a lease online too? For many landlords and property managers the switch to go digital can be concerning, so we at Antslabor are busting some common myths about signing a lease online, while displaying the benefits.
Affordable
One of the benefits of signing a lease online is that it’s affordable. Instead of spending hundreds of dollars on hiring an attorney to create a lease and then meeting tenants to sign it, you can automate the process. Not only can you draw up a digital lease, but you can also automate the process by populating the information within the lease. If you choose an all-in-one service like Antslabor, you’ll also have access to additional features that enable you to streamline your duties.
Social Distanced
With Ontario in a constant cycle of lockdowns, and even without the strict lockdowns, COVID 19 precautions make signing a lease in-person rather complex. Signing a lease online ensures you’re abiding by the COVID regulations while keeping your tenants safe.
Besides, signing a lease online also allows you to digitize the process, which can help you remain competitive even after COVID regulations relax. Many tenants prefer a digital process as virtual tours become more popular.
Legally Binding
Since no one can alter digital leases, there’s no way to dispute their legality. This should give you – and your tenants – more peace of mind about signing a digital lease. Furthermore, the metadata contained within the document provides additional proof. Information like the time of day the document was signed, the device used to sign it, and so on are all contained within the metadata.
All this information can ensure you have proof that it was the tenant signing the lease if any issues arise regarding the validity of the lease.
Secure
If you’re worrying about whether or not your digital lease can vanish or information – like your signature and other metadata – can be stolen, rest assured: online leases are more secure than printable leases. Using Ants Labor, for example, your lease will be encrypted and scanned for vulnerabilities, meaning that there's an extra layer of security. Furthermore, you can protect your documents with two-factor authentication, guaranteeing that only you can access the documents.
Makes Renewing Easy
Another inconvenience of paper leases is that you need to visit the tenant each time you want the lease signed. This isn’t the case with signing online. When it's time to renew, you can either send your tenants a link or email them the document. Once it’s signed, you will receive confirmation and can store the document securely. If the tenant has any questions about the lease, discussing those questions via email also means you have proof of any agreements; information you could use if your tenant ever disputed the lease.
As more parts of your life become digital, it only makes sense to digitize your property management business. Online leases are one way to start or accelerate that process. Stay tuned for our new feature of online lease signing at AntsLabor!
Digital signature can utilize the business standard innovation called PKI or public key infrastructure that guarantees information genuineness and integrity. PKI utilizes a calculation to create two keys - one public and another, private. For a digital signature to act as proof of authenticity, integrity, and identity, it needs matching cryptographic hashes. Effortlessly create and eSign Lease Agreements. Learn about Residential Lease Agreements, key components, and use templates for various types. Simplify with RSign.
For more information: https://rsign.com/