Before the most recent changes to the Ontario standard lease agreement, landlords and property managers were able to make changes to the standard lease agreement available through the Ontario government. However, in March 2021, the ability to modify the Ontario rental agreement was reduced, limiting the possibility of discrimination and improving transparency, as outlined in Bill 184.
Now, landlords and property managers with property in Ontario are obligated to use the new standard lease agreement, including all the mandatory clauses. To help you make the switch, the team at AntsLabor has decided to make using the new agreement effortless.
As a part of our philosophy to streamline property management through tech, we’ve developed an easy-to-use online rental agreement for your convenience. This online-only agreement enables you to implement the new Ontario standard lease agreement with ease.
AntLabor’s commitment to improving the business and profits of landlords and property managers also means our online lease agreement will:
Simplify The Process of Signing A Rental Agreement
Scheduling a time to meet a prospective tenant to sign a rental agreement is challenging. Our online residential lease agreement solves that issue by enabling you and your tenant to fill in and sign the document online.
Another stressful element of rental agreements is the admin. All of the additional paperwork is even more frustrating than scheduling. Our online lease agreement makes record-keeping a breeze. The information is stored online in a secured cloud-based system that you can view at any time. You can also transfer that information to a file management system of your choice to better track your tenant agreements.
Digitize Your Systems, Making Them Easy To Manage
Are you communicating with existing – and prospective – tenants through certified mail or in-person meetings for other standard tasks? Then why are you still using these outdated and inconvenient methods to sign a lease agreement? You’ve most likely digitized many other aspects of property management, digitizing your tenancy agreement shouldn’t be any different.
Reduce Wasteful Expenditure
The cost of postage, ink, and most importantly, your precious time involved in signing a printed lease agreement eats into profits tremendously. By utilizing an online tenant agreement, you can populate the information and sign it in a matter of a few minutes. You can now use the time you save on highly profitable tasks.
Integrate Environment-Friendly Practices
If you were to print the standard lease agreement in Word Doc or another format, you would need printing paper, contributing to the unsustainable paper production industry. Additionally, you – or the post office – would most likely need to deliver it to your tenant using additional gas. Instead, using our online lease, you can pre-populate the necessary information, share the link with your tenants and have them sign it with zero cost to the environment. If you have many tenants or are managing Ontario properties from a different province, reducing the impact on the environment can help your business become more eco-friendly.
Improve Efficiencies
Even if you manage only one or two properties, if you were to calculate the amount of time and effort that goes into signing the standard rental agreement, you’ll realize that:
You’re grossly underpaying yourself for the time you spend on rental agreements
Most of the work is easy to duplicate
While you may not be signing new rental agreements every month, when you need to sign a new lease agreement with a tenant, the responsibility significantly increases the number of hours you spend per property. Increasing efficiency means reducing tasks that are easy to repeat.
Using AntsLabor’s digital agreement, the process is as simple as opening the document, entering your information, and sending a link to a tenant to sign, reducing the hours spent on signing a rental agreement into a five-minute task.
The online residential lease agreement we’ve developed at AntsLabor is the complete package if you’re trying to simplify and streamline your tenant onboarding process. Not only does it meet the requirements set out by law, but it is secure, meaning your details and your tenant’s details are safeguarded from any online threats.
Furthermore, the ease of use, irrespective of your skill level, allows you to use the standard online lease agreement with confidence.
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