We are excited to announce that you can now accept electronic signatures for processing lease agreements and other important documents online, directly through Rentec Direct’s software.
Through a partnership with DocuSign, the leading electronic signature service provider, you can send your rental documents to tenants for them to sign electronically. Once signed, you have a legally binding contract that is immediately available for you to access and enforce. Say goodbye to the cumbersome process of emailing, printing, signing, scanning and returning. (Or the even slower, user-error-prone process of snail mailing your lease documents to would-be tenants).
DocuSign for Rentec Direct allows users to create or upload custom lease documents that you can electronically send to tenants for them to review and sign online.
Are DocuSign’s electronic signatures legally binding?
Yes, DocuSign eSignatures are valid and legally binding across the globe and are used in 188 countries around the world. DocuSign offers industry-leading levels of eSignature enforceability and that helps users comply with the U.S. federal ESIGN Act and UETA Act, as well as many other international laws and statutes. For more information, please see this article.
How does it work?
You create an “envelope” that contains your lease documents within Rentec Direct’s software that can be sent electronically to your tenants, or whoever needs to sign it. An envelope is simply an electronic container used to send one or more documents for signature within the software.
Your tenant(s) will receive an email with a link to access your “envelope” document file through DocuSign’s online software. Recipients can review the document and provide an electronic signature that legally signifies their understanding and compliance with the lease terms. For your tenant, it’s as simple as clicking the link in the email, clicking the signature button, and clicking Finish.
Once a lease is electronically signed by your tenants, you have a legally binding signature. The signed document will be safely stored within the tenant’s File Library in your Rentec account as a .PDF.
Why should I use electronic signatures?
DocuSign for Rentec provides property managers and landlords an easy, secure, and fast way to get lease agreements and other important documents signed. Using electronic signatures eliminates paper and the time consuming processing of printing, scanning, and mailing important documents to and from your tenants and owners. This feature delivers a valuable new way to save time and money, and help you secure lease agreements and legal documents faster than ever before. Online leasing and electronic signatures also help you make a positive impact on the environment by contributing towards paperless business practices.
How do I get started?
It’s really easy as we’ve already done all the integration with DocuSign so you don’t have to. For detailed instructions visit the Knowledge Base Article – Electronic Signatures HOWTO (DocuSign).
How much does it cost?
We’re introducing this new feature at only $2.50 per envelope for a limited time (normally $4.99). An envelopes can contain any number of pages or documents, and can be sent to multiple recipients. This feature allows you to send lease documents to be signed electronically by one or more tenants. If you wish, you can easily charge your tenants the cost of the envelope by including it within the move-in fee or as part of the application fee. Most landlords however recognize the cost of DocuSign saves them far more in the long run, so passing along the fee may not be necessary.