HOW DOES RENTR MANAGE CONTRACTS?

A 1. A LANDLORD CAN EASILY USE RENTR TO CREATE A LEGAL TENANCY AGREEMENT

When any application is approved by the Landlord then a “Create Tenancy Agreement”button is visible on the Rentr Application details screen.

One tap and the Landlord can take the Application details they have negotiated with the Tenants, including Guarantors, and use them to form a Tenancy Agreement.

 

A 2: RENTR DRAWS UP THE TENANCY AGREEMENT CONTRACT USING THE AGREED INFORMATION ON THE APPLICATION

Once a Tenancy Agreement has been created on Rentr, all the information needed to form a legal Assured Shorthold Tenancy Agreement is recorded in the system.

Rentr uses this to complete all the required clauses of an Assured Shorthold Tenancy agreement template supplied by PainSmith solicitors.

This template is legally binding and contains the relevant clauses to ensure that any deposit is held with a registered tenancy deposit protection scheme: in the case of Rentr it is my|deposits – they are named in the contract as the holder of the deposit registration.

The contract is created instantly on DocuSign, the world leaders in eSignature technology, as soon as the Landlord presses the “CREATE AND eSIGN WITH DOCUSIGN” button on an Agreement record in the Rentr App.

 

A 3. RENTR COLLECTS SIGNATURES USING ESIGNATURE TECHNOLOGY

DocuSign eSignature is true 21st Century technology, and perfect for the Mobile age.

As soon as a Landlord taps the “CREATE AND eSIGN WITH DOCUSIGN” button Rentr opens a window onto the DocuSign platform where you can adopt a signature – or use your touchscreen to create one – and then read through the terms of the Assured Shorthold Tenancy.

When you want to sign, you do it with a simple tap, and DocuSign record your identity in their fully audited secure system.

All the proposed Tenants are then contacted by Rentr and can log into the app and simply tap through to DocuSign, where they can sign their contracts quickly and easily from their mobile devices.

DocuSign handles all the signatures and stores the completed Documents. Sign in with them after you have eSigned your first contract and you can see copies of every document held on file.

Meanwhile, the Rentr app reports the signature status back to you so you can track who is left to sign, and you can always use the Rentr app to tap through and view the document in progress, or check any clauses once it is completed.

 

A 4: TENANTS AND GUARANTORS ESIGN AGREEMENTS AFTER THE LANDLORD

Once the Landlord has eSigned a document, DocuSign passes it to the remaining signatories to complete the process.

 

A 5: RENTR ALLOWS LANDLORDS TO SIGN TENANCY AGREEMENTS WHENEVER THEY LIKE

Rentr allows a Landlord to generate the Agreement record, but wait until later to have a contract drawn up for signature.

Note: The Tenancy Agreement is not legal until all parties have eSigned the contract.

 

A 6: RENTR FORMS A SINGLE TENANCY AGREEMENT FROM A SINGLE APPLICATION

Only one Agreement record can be formed on Rentr.

One Tenancy Agreement document can be created and eSigned.

However, every Guarantor has and signs their own Guarantor Agreement with the Landlord.

 

A 7: ONCE THE TENANCY AGREEMENT CONTRACT IS SIGNED, THE TENANCY STARTS ON THE START DATE AGREED ON THE RENTR APPLICATION

Once all the entities (Landlord, Tenants (and any Guarantors)) eSign their Agreement documents then they have formed a legal contract in regards to the Tenancy.

Rentr will not consider the Tenancy as Started until all signatures are complete, even if the ‘Tenancy Start Date’ has passed.

Note: The Rentr ‘Agreement’ is only active once the signatures have all been completed. You can check your Rentr Agreement status at any time from the Agreements menu screen.

 

A 8: THE TEMPLATED RENTR TENANCY AGREEMENT REQUIRES TENANCY DEPOSITS TO BE REGISTERED WITH MY|DEPOSITS

Over 100,000 Landlords use my|deposits: successfully and legally protecting more than a million deposits.

When you take a deposit on your property, UK legislation requires you to register that deposit with a government-authorised tenancy deposit protection scheme within 30 days.

These schemes are designed to enable Landlords in England and Wales to take and hold a deposit for the duration of the tenancy, and comply with the law.

For Rentr Landlords my|deposits is the built-in option: named as the authorised holder of the deposit registration. With my|deposits registration, you hold the deposit in your bank account for the duration of the tenancy agreement meaning you keep control.

 

A 9: YOU CAN VIEW YOUR TENANCY AGREEMENT(S) AT ANY TIME IN RENTR

Use your Rentr App to tap through to view the documents associated with any Agreement you have made.

You can always sign in to DocuSign to get copies at any time.

By | 2017-02-22T11:08:37+00:00 August 17th, 2016|0 Comments

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