When it comes to renting out a property, one of the most important steps is to have a proper lease agreement in place. But, who should be responsible for signing the agreement? As a landlord or property manager, it’s important to understand the best practices and scenarios surrounding residential lease agreement signatures.
Why Landlords Should Sign Rental Lease Agreements
As the property owner, landlords bear the ultimate responsibility for the property and any issues that may arise during the tenancy. By signing the lease agreement, landlords acknowledge their responsibility and agree to the terms outlined in the lease. This includes maintaining the property, dealing with repairs and maintenance, and ensuring tenants can peacefully enjoy the property.
When Property Managers Can Sign Residential Lease Agreements
In some cases, it may be appropriate for a property management firm to sign a lease agreement on the landlord’s behalf. For example, what if the landlord is out of the country and unable to sign the lease in person? In such cases, the landlord can authorize the property management firm to sign on their behalf. Additionally, if the landlord is not fluent in the language of the lease agreement, they may ask their property management firm to sign on their behalf. This could help ensure the agreement is translated and understood correctly.
Using Automation Tools for Rental Lease Signatures
Technology developments have made it easier for landlords and property managers to manage lease agreements and electronic signatures. Cloud web applications like PropHub.com can help streamline the process and ensure all parties are on the same page, regardless of who actually signs the lease agreement. With PropHub, you can easily manage lease agreements, e-signatures, and other rental management tasks. This helps makes your job as a landlord or property manager much easier.
Conclusion
Ultimately, it’s up to the individual landlord or property management firm to decide who should be selected for residential lease agreement signatures. However, it’s generally best for landlords to sign the lease themselves. In certain scenarios, such as when the landlord is out of the country or not fluent in the language of the lease, a property management firm may sign on the landlord’s behalf. With improved software tools, landlords and property managers can simplify the decision-making and execution of rental lease agreements.
Whether you are a management firm or a DIY landlord, be sure to sign up free today on PropHub. Our simple yet powerful property management tools, including electronic leases and digital signatures, are sure to please.