Online lease agreements are leasing contracts that are placed on a website. This allows people to fill out a lease agreement from another city or state. Online lease agreements are designed as an interactive website, where you can fill out your preferences and need for the item being leased. You can also sign and legalize the lease agreement online.
Purpose
The purpose of an online lease agreement is the same as a printed lease agreement. The main purpose is to legally bind two parties in a lease agreement that outlines the terms and conditions of the leased item. The online lease agreement allows a person to read through the lease agreement and sign it without leaving home to get a printed version of the lease. Online lease agreements also allow people from different states or countries to create lease contracts.
Filling It Out
Place the cursor next to the spaces where you can add your name and address, along with other sections where you need to write information. A printed lease agreement allows you to add your initials to sections to show that you agree with the information outlined within them. The online lease agreement works in a similar fashion. You need to add a check mark to each box next to each section to indicate that you agree with the terms and conditions in the lease agreement.
Legalize the Agreement
Since you cannot sign the lease agreement with your own handwritten signature on the computer, the online lease agreement is often signed by the parties by clicking "I Agree" buttons on the online lease agreement or by adding a check mark in boxes in the agreement. At the end of the online lease agreement, a paragraph will explain the legal binding between you and the lessor when you check the appropriate boxes or click on the "I Agree" buttons.
Online vs. Print
Printed lease agreements allow both parties to have a printed version of the contract, which can be stored in filing cabinets or personal folders. The online lease agreements can be saved on the computer as a PDF file, which cannot be modified or altered. You can also print a copy of the online lease agreement, so you have a printed version stored for your records. This is particularly useful if your computer should crash or your hard drive gets damaged.
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