Method for creating and managing a lease agreement

Details Method for creating and managing a lease agreement Method for creating and managing a lease agreement

1997-12-16

2000-04-11

MacDonald, Allen R.

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

705 1, 705 39, G06F 1760

Patent

active

06049784&

ABSTRACT:
A method for creating and managing a lease agreement includes providing predetermined financial information regarding a potential tenant and a potential landlord to a lease control intermediary, evaluating the information to determine the acceptability of the financial risk associated with the potential tenant, creating a service product in the form of a guaranty directed to periodic lease payments from the lease control intermediary to the landlord for a predetermined amount defining a guaranty limit with the guaranty limit corresponding to a predetermined time period with the guaranty obligation becoming active upon failure of the potential lessee to pay periodic lease payments; providing a lease agreement for execution by the landlord and tenant and the lease control intermediary and depositing periodic lease payments received either from the tenant or made by the lease control intermediary according to the service product into an account held by the landlord, the payments having a management fee removed therefrom by the lease control intermediary.

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