What is Venn Lease Execution?
Venn Lease Execution is lease generation and e-signing for apartment operators. Once an applicant is approved, your team creates the lease from the application, every applicant and guarantor e-signs it, and your team countersigns, all in the same flow as Venn Application & Screening.
How fast can an approved applicant sign a lease?
As soon as your team creates the lease, applicants get it by email and can sign on any device. One operator on Venn went from about 2.5 days to under one day from application to signed lease.
Which lease forms does Venn work with?
Venn generates leases through Bluemoon today, using your Bluemoon forms and its e-signature. If you use other lease forms, we'll walk through your setup in a demo.
Do applicants need to download an app to sign?
No. Applying, screening, and lease signing all happen in a mobile-friendly web browser, from a link. Residents download your app only after the lease is signed, to start their move-in checklist.
Who signs, and in what order?
Every applicant and guarantor signs first. When all signatures are in, your on-site team countersigns, and the lease is completed.
Which addenda are included?
Venn picks addenda from the applicant's answers, like a pet or service animal, vehicles, parking, and storage, and your team can add or remove any before sending.
Does AI write the lease?
No. The lease comes from your lease forms, filled with the applicant, unit, and dates from the approved application. Your team creates and countersigns every lease.
Does it update my PMS?
Yes. Venn works with Yardi and RealPage OneSite: lease terms come from your PMS and the application, applicants are created in your PMS automatically, and status updates as the lease moves forward.
Can a company sign leases for several units?
Yes. Corporate applications cover several units, and every unit gets its own lease.
About corporate applications →How do fees on the lease stay accurate?
Required fees transparently displayed on your listings, through Engrain, flow into the lease charges, and each lease keeps the price it was created with, so move-in costs start from what the resident signed.
What happens after the lease is signed?
The resident moves to the Venn move-in checklist in your app, where they pay itemized move-in costs, set up insurance, utilities, and internet, and get their keys.
