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LEASE GUARANTY BUSINESS MODEL

  • US 20090292655A1
  • Filed: 12/18/2008
  • Published: 11/26/2009
  • Est. Priority Date: 10/15/2003
  • Status: Abandoned Application
First Claim
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1. A method, comprising:

  • entering an agreement between a landlord and a lease guaranty service provider, for a lease guaranty policy covering a rental property associated with the landlord, wherein the landlord is a beneficiary and is bound to at least one contractual duty under the lease guaranty policy;

    applying, by a tenant, for a lease guaranty participation agreement with the lease guaranty service provider with respect to the rental property;

    processing the tenant'"'"'s lease guaranty participation agreement application; and

    entering, between the lease guaranty service provider and the tenant, the lease guaranty participation agreement with respect to the rental property if the tenant'"'"'s lease guaranty participation agreement application is approved, whereinthe lease guaranty participation agreement provides that the lease guaranty service provider, after receiving a valid claim from the landlord filed under the lease guaranty policy, pays the landlord a claim amount, resulting from the tenant'"'"'s failure to comply with a lease signed between the tenant and the landlord with respect to the rental property, and the tenant is legally liable to the lease guaranty service provider.

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