System and method for creating electronic real estate registration
First Claim
1. A method for originating a registered land asset comprising:
- obtaining, via a computer network, at least two of;
i) a market value of a parcel of land;
ii) a market ground rent associated with the parcel of land; and
iii) a land capitalization rate associated with the land;
calculating a price associated with an option to purchase the land at the end of a given term; and
offering a registered land asset contract to an investor, the registered land asset giving the investor ownership of the land subject to the option.
0 Assignments
0 Petitions
Accused Products
Abstract
A system for providing a registered land asset includes a property transaction database in communication with a computer network the property transaction database provides information related to transactions associated with each registered land asset parcel, each land parcel having a registered land asset identifier representing global coordinates particular to the parcel. The system also includes a location characteristic database in communication with the computer network. The location characteristic database provides socioeconomic data regarding the location wherein the land parcel associated with the registered land asset is situated. A registered land asset contract may give a leaseholder an option to purchase the land by the end of a given term. A computer receives data from the property transaction database and the location characteristic database via the computer network and calculates prices and values associated with a registered land asset contract associated with the land parcel and a registered land asset contract is recorded in association with the land asset identifier corresponding to the land parcel in an electronic land title registry in communication with the computer network.
-
Citations
25 Claims
-
1. A method for originating a registered land asset comprising:
-
obtaining, via a computer network, at least two of;
i) a market value of a parcel of land;
ii) a market ground rent associated with the parcel of land; and
iii) a land capitalization rate associated with the land;
calculating a price associated with an option to purchase the land at the end of a given term; and
offering a registered land asset contract to an investor, the registered land asset giving the investor ownership of the land subject to the option. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
-
-
9. A method for establishing an electronic land title registry, the method comprising:
-
determining a geo-referenced address based on a global coordinate position of the land subject to a land title deed;
causing a land title deed and registered asset identifier to be recorded in association with one another in an electronic database, the registered asset identifier representing the geo-referenced address; and
causing a registered land asset contract to be recorded in association with the registered asset identifier. - View Dependent Claims (10, 11, 12, 13, 14, 15)
-
-
16. A computer program product for use on a processor for determining prices and values associated with a registered land asset, the computer program product comprising a computer usable medium having computer readable program code thereon, the computer readable program code including:
-
program code for obtaining, via a computer network, at least two of;
i) a market value of a parcel of land;
ii) a market ground rent associated with the parcel of land; and
iii) a land capitalization rate associated with the land; and
,program code for calculating a price associated with an option to purchase the land at the end of a given term. - View Dependent Claims (17, 18, 19, 20, 21, 22)
-
-
23. A system for providing a registered land asset, the system comprising:
-
a property transaction database in communication with a computer network, the property transaction database providing information related to transactions associated with each registered land asset parcel, each parcel having a registered asset identifier representing global coordinates particular to the land parcel;
a location characteristic database in communication with the computer network, the location characteristic database providing socioeconomic data regarding the location wherein the land parcel associated with the registered land asset is situated;
a computer for receiving data from the property transaction database and the location characteristic database via the computer network and calculating prices and values associated with a registered land asset contract associated with the land parcel; and
an electronic land title registry in communication with the computer network for recording the registered asset contract in association with the registered asset identifier corresponding to the land parcel. - View Dependent Claims (24)
-
-
25. A method for exchanging registered land assets comprising:
-
selling a registered land asset relating to land identified by a registered land asset identifier representing a geo-referenced address subject to a registered asset land contract giving a leaseholder an option to purchase the land by the end of a given term; and
recording the sale of the registered land asset in association with the registered land asset identifier in an electronic land title registry.
-
Specification