As more and more businesses move online, the need for digital contract solutions is becoming increasingly important. Whether you’re a landlord or a tenant, creating an online lease agreement is a quick and efficient way to get your contractual obligations ironed out.
So, how do you create an online lease agreement? We’ve got you covered.
1. Choose the right platform
There are a variety of online platforms that offer lease agreement templates, but not all are created equal. Look for a platform that is user-friendly and offers customizable options. Additionally, make sure the platform is legally sound and up-to-date with current laws and regulations.
2. Customize the agreement
One of the benefits of creating an online lease agreement is the ability to customize it to your specific needs. Make sure to include all pertinent information, such as the length of the lease, rent amount, security deposit, and any other relevant details. Additionally, consider including clauses that protect both parties, such as a clause that outlines the responsibilities of each party for maintenance and repairs.
3. Get all parties to sign electronically
Once the agreement is finalized, ensure that all parties sign it electronically. This eliminates the need for printing and scanning, making the process both quicker and more environmentally friendly. Additionally, electronic signature services provide a timestamp and unique identifier for each signature, making it more difficult for any party to dispute the agreement in the future.
4. Store the agreement securely
Make sure to store the signed agreement in a secure location, such as a cloud-based document management system or an encrypted hard drive. This ensures that the document is easily accessible to both parties if needed, but also protected from unauthorized access.
Creating an online lease agreement can save time and hassle for both landlords and tenants. By using the right platform and customizing the agreement to your specific needs, you can create an effective and legally sound contract that protects both parties.