Your Next Lease May Not Be on Paper

Not song long ago, tenants from the US needed to allocate time off work to meet up their landlords in person to sign a rental agreement. Things have changed significantly in the last few years. It is now possible to endorse your rental agreement online simply with a mouse click during your lunch break or from the comfort of your sofa. If it sounds too 2045 to you, you should definitely learn more about the technology. So What Are the Benefits of Online Rental Lease for the Tenant?

Innovative but Completely Legal

Although it’s a relatively new concept, online contract signing is legally-binding, safe, and reliable. Fully compliant with the U.S. Electronic Signature in Global and National Commerce Act of 2000 (ESIGN), the Uniform Electronic Transactions Act (UETA), and the European Union eIDAS (EU No.910/2014), this advanced method offers many more benefits.

Time and Money Saving

How many times have you looked desperately into your agenda trying to prioritize what to do first? In the era of commuting to work and trying to balance between the office, the house choirs, and the evening ballet concert in the school of your youngest one, you would prefer to complete online as many tasks as you can. Signing the rental lease for your new nest is not an exception. Finding the apartment of your dreams while working on your tan in Koh Samui? No problem. Instead of procrastinating until the end of your holidays and beyond, you can just endorse your lease agreement online just before going to your scuba diving class. Being one of the 53 million people in the US working remotely? You do not need to cancel the Skype chat with your Japanese client or the conference call with the European peers to go back and forth to sign your new rental agreement.

Neatly-Organized

When was the last time you turned the house upside down to find some important document, a hospital bill, car lease contract, etc.? How many of them have you lost? Having a digital copy of it on your phone/laptop would have saved you a lot of time and nerves. When you sign your rent agreement online, you will no longer spend hours looking for it. The electronic copy of your lease is at your disposal for a quick reference 24/7 in a convenient format. You only need a reliable internet connection.

Allowing You to Strengthen the Contact With a Landlord

If you have a sample of the rental contract on your phone, you will have the chance to go through it numerous times at your own pace, without feeling pressed to sign it immediately. In case you have any questions, you may contact your landlord directly to clarify everything. If you were the landlord, you would have been satisfied that your tenant is a responsive and dependent person, who communicates his/her needs accordingly.

Eco-Friendly

According to the Green Industry Analysis 2017, 88% of Americans strongly believe that taking care of our planet is crucial. If you stop printing or faxing numerous copies of your rental agreement, you will help save a tree. Also, your landlord will be impressed to have an eco-conscious tenant.

The latest specialized report in the field estimated that the digital signature market size would grow from $662.7 million in 2016 to $2657.0 million by 2012. The rental business, just like any other business is all about money. The numbers above only confirm the rising trend to abandon all the paperwork and go digital. It is your turn now.