Why Is Smart Contract
Management Essential For
Real Estate Businesses?
The world of real estate thrives on meticulously crafted agreements. Every deal hinges on contracts, from the initial purchase agreement to complex property management arrangements.
But managing these contracts can quickly turn into a paper chase, riddled with inefficiencies and potential pitfalls.
Traditional paper-based contract management practices can create significant obstacles for realtors, hindering productivity and potentially impacting the success of transactions.
Real estate professionals often find themselves bogged down in paperwork, limiting the time they can dedicate to client interaction and deal generation. Manual contract drafting, routing, and approval processes are time-consuming and prone to human error.
Physical documents can be easily misplaced or lost, and the lack of a centralized platform for contract storage and communication can lead to misunderstandings between stakeholders. Manual tracking of deadlines can easily lead to missed expirations for renewals and other critical actions. Failure to adhere to contractual terms or legal requirements can result in costly penalties and reputational damage.
These challenges collectively contribute to a significant financial impact on real estate professionals. Lost time translates into lost revenue, while missed deadlines and frustrated clients can jeopardize transactions.
SignDesk’s CLM software - Contr.act, offers a streamlined approach to contract management, empowering realtors to overcome these challenges and achieve greater efficiency, transparency, and control over their transactions.
Streamline Lease Agreements
Generate standardized lease agreements with pre-built templates for residential, commercial, or industrial properties. Track lease expirations with automated alerts to ensure timely renewals and avoid disruptions.
Simplify Purchase Agreements
Facilitate secure online collaboration among buyers and sellers for efficient negotiation and review. Track key milestones like inspection deadlines and closing dates with automated notifications for all parties involved.
Expedite Non-Disclosure Agreements (NDAs)
Generate pre-drafted NDAs for potential buyers or investors considering property details. Utilize e-signatures for swift execution of NDAs and track NDA expirations with automated alerts to maintain confidentiality agreements.
Improve Collaboration
Utilize online collaboration tools within the CLM platform to efficiently review and approve property management contracts. Track performance metrics and service deliverables outlined in the agreement with activity and performance tracking features.
Template Library
Online Negotiations
Digital Repository
eStamping & eSignatures
MS Word Plug-In
Activity Logs
Contract Analytics
Audit Trails
