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

1998-12-30

2000-02-08

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

060236876

ABSTRACT:
A computerized system and method for creating and managing a lease agreement includes a lease control computer (14) including means (18,22) for analyzing and processing predetermined financial information regarding a potential tenant (T) and a potential landlord (L) on behalf of a lease control intermediary, means (24) for evaluating the information to determine the acceptability of the financial risk associated with potential tenant creating a service product in the form of a guaranty (30) directed to periodic lease payments from the lease control intermediary to the landlord (L) for a predetermined amount defining a guaranty limit with the guaranty limit corresponding to a predetermined lime period with the guaranty obligation becoming active upon failure of the potential lessee (T) to pay periodic lease payments: providing a lease agreement (32) for execution by the landlord (L) and tenant (T) and the least control intermediary, and means for depositing periodic lease payments received either from the tenant (T) or made by the lease control intermediary according to the service product into an account held by the landlord (L), the payments having a management fee removed therefrom by the lease control intermediary.

REFERENCES:
patent: 4774664 (1988-09-01), Campbell
patent: 4891503 (1990-01-01), Jewell
patent: 5025138 (1991-06-01), Cuervo
patent: 5239462 (1993-08-01), Jones
patent: 5262941 (1993-11-01), Saladin
patent: 5274547 (1993-12-01), Zoffel
patent: 5383113 (1995-01-01), Kight
patent: 5583760 (1996-12-01), Klesse
patent: 5611052 (1997-03-01), Dykstra
Tarnoff, Stephen, "Judge's Ruling Widens Fiduciary Responsibility of Ceding Companies", Business Insurance, vol. 21, No. 46, p. 31 (start page), Nov. 1997.
Tarnoff, Stephen, "Insurers Guaranteeing Lease Payments", Business Insurance, vol. 18, No. 20, p. 36 (start page), May 1984.
Wollard, David A., "Lease Guarantee Insurance--Aid to Small Businessmen", Mortgage Banker, vol. 34, No. 2, p. 18 (start page), Nov. 1973.
Starr, John O., "Lease Guarantee Insurance", The Appraisal Journal, vol. 40, No. 2, p. 175 (start page), Apr. 1972.

Affiliated with

Also associated with

Rating

Method for creating and managing a lease agreement does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Method for creating and managing a lease agreement, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Method for creating and managing a lease agreement will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-1688470