investment propertylegislationproperty investor reportupdates

General Tenancy Agreements – Electronic Signing is Here!

By June 6, 2019 No Comments

To ensure a seamless and efficient customer experience, the RTA is developing online versions of their paper-based forms, which will be rolled out in stages over the coming months.

The Form 18a (General Tenancy Agreement), or ‘Lease’, has recently been updated by removing the requirement for witness signatures. This will now allow all parties to sign the Lease electronically.

This is great news, particularly in the case of emailing lease renewals to tenants as they will no longer be required to print the leases out before signing them. It will also assist with signing up new tenants who are moving from interstate or are otherwise unable to come to our office to sign the Lease.

Our office will start utilising electronic signatures for Lease Agreements in June, so the next time the lease on your property is renewed, it will probably have electronic signatures.

Rest assured that we have been given the green light by both the RTA and the REIQ that leases signed electronically are fully compliant and legally binding

Leave a Reply