Rent default insurance method
First Claim
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1. A method comprising:
- determining that a lessee fails to qualify for credit in accordance with predetermined creditworthiness considerations;
providing insurance coverage to a lessor entering into a rental agreement with said lessee; and
responsive to said determining, requiring that said lessee bear a cost associated with said providing as a precondition for entering into said rental agreement.
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Abstract
A method of insuring a lessor against default on the part of a lessee may provide indemnification for the lessor if the lessee defaults on a rental agreement. An exemplary method of insuring a lessor may allocate risk of default to the lessee, requiring a lessee of questionable creditworthiness to assume the cost, or at least a portion thereof, associated with appropriate insurance coverage for the benefit of the lessor.
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Citations
19 Claims
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1. A method comprising:
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determining that a lessee fails to qualify for credit in accordance with predetermined creditworthiness considerations;
providing insurance coverage to a lessor entering into a rental agreement with said lessee; and
responsive to said determining, requiring that said lessee bear a cost associated with said providing as a precondition for entering into said rental agreement. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method of insuring a landlord against rent default comprising:
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determining whether a tenant satisfies predetermined creditworthiness considerations;
responsive to a negative result of said determining, providing insurance coverage to said landlord entering into a rental agreement with said tenant; and
requiring that said tenant bear a cost associated with said providing as a precondition for entering into said rental agreement. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. A method of insuring a landlord against rent default comprising:
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providing insurance coverage to said landlord entering into a rental agreement with a tenant who does not satisfy predetermined credit considerations; and
allocating a cost of said providing to said tenant as a precondition for entering into said rental agreement. - View Dependent Claims (16, 17, 18, 19)
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Specification