Thank you for signing the documents electronically. The document will now be routed to any additional signers, if any.
When completed, you will receive another email with a link and/or attachment to what you just signed. If all parties to the contract has signed, we have a ratified enforceable contract.
If there are still signatures or initials needed, there likely is no contract yet, just an offer.
With a contract to purchase, the contract often contains contingencies that may allow the the purchaser to modify or void the contract in certain circumstances.
With a ratified signed lease the tenant typically will have no contingencies and is accepting the rental as-is unless the landlord has promised in writing to make specific repairs or improvements.
A couple of notes about offers, counteroffers and acceptance:
- An offer or a counteroffer can be withdrawn at any time up until it is accepted by the other side.
- If you make a counteroffer, the initial offer is no longer valid.
- You cannot go back and accept the initial offer from the other side if your counteroffer does not work out. Instead, it will be a new offer the other party may or may not accept.