What people usually do when they need someone's signature on a document? Yes, typically they need to print it, sign it themselves, fax it to the other party, wait for them to print it, sign and fax it back, then finally print it for the third time. This process is too long for today’s digital world, right?
Therefore we have e-signature built-in to our leases which simplifies the whole process.
What is an e-signature?
The e-signature is the ability for tenants to sign their lease on their phone in seconds. Or technically an electronic signature is an electronic sound, symbol, or process, attached to or logically associated with a contract or other record and executed or adopted by a person with the intent to sign the record" (as described in the 2000 U.S. ESIGN Act). To put it shortly, it is a person's electronic agreement to the terms of a document.
It can come in the form of your signature’s image, your name typed out or signed with a mouse, touchpad or finger on the screen of your device (what’s the most common).
E-signature is often used to save time and reduce costs as it is much faster to transmit documents electronically than use postal mail. And surely, ease of use is also a rather considerable factor.
What is the legal status of e-signatures?
You can sign almost any document with an e-signature and it will be accepted. The U.S. Federal ESIGN Act supports such documents like leases, disclosures, and other rental related documents- so anything you’d sign would be perfectly legal.
How to use e-signature when signing a lease?
We recommend using e-signatures when signing leases with your tenants. Using your TenantCloud profile, you have an option to sign the document and require e-sign from the tenant(s) during the process of creating the lease. From our side, we guarantee to store your e-signatures safely.
For more detailed information, please check our Help Center:
Note, e-signature is available in Standard, Advanced and Premium payment plans.