QuintoAndar enables e-signature for rentals

12 Feb 2016

Brazil’s QuintoAndar, an online marketplace focused on the residential rentals market in Brazil, is now allowing users to sign a lease in Sao Paulo and Campinas completely online by using an e-signature.

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Gabriel Braga (left), who got to know his business partner, André Penha (right) at Stanford, doesn’t see classifieds as competitors. Photo: QuintoAndar

The online signature has the same legal weight as a paper contract and is securely filed by DocYouSign, the Brazilian subsidiary of San Francisco-based certification company DocuSign.

Sao Paulo-based start-up QuintoAndar operates as a real estate agency and has the Creci registry, the local real estate authority that regulates the rentals as well as the property sales market. As opposed to the traditional way people usually rent a home, be it through online classifieds or directly visiting local brokers, QuintoAndar has no physical offices to close its rental deals. In other words, everything happens online.

Another recent move by the online marketplace, which aims to solve all the complicated procedures that surround the process of renting a home in Brazil, was the elimination of the seguro fiança, a security deposit, which is not returned or applied to the rental costs and is usually mandatory for residential rentals in Brazil.

The AIM Group recently wrote an in-depth article about the new player, which has been challenging the traditional real estate market. In addition to paying the seguro fiança, QuintoAndar has also eliminated the need of co-signers, another requirement of local real estate agencies.

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Léo Siqueira

Léo Siqueira joined the AIM Group in 2014 as writer and analyst for Latin America. He is a multimedia journalist based in, but not limited to Campinas, Sao Paulo. Siqueira has been writing, reporting, and consulting for different news outlets and corporations in Brazil and in the US. Siqueira has worked for almost three years as a correspondent in Brazil with ICIS, the world’s largest information provider for the global petrochemical industry, and has been working with other global publishers, such as USA TODAY and Motorsport.com. His expertise includes general news coverage, online, print and multimedia journalism, and corporate communications as well. In this particular area, he has been working with international clients.