SYSTEMS AND METHODS FOR PROVIDING RENTAL VALUATION DATA

• US 20120316929A1
• Filed: 06/08/2012
• Published: 12/13/2012
• Est. Priority Date: 06/10/2011
• Status: Abandoned Application

• Current Assignee: Donald Gilbert
• Original Assignee: Donald Gilbert
• Inventors: GILBERT, Donald
• Application Number:
  US13/492,699
• Publication Number:
  US 20120316929A1
• Time in Patent Office: Days
• US Class Current: 705/7.38
• CPC Class Codes: G06Q 10/0635 Risk analysis of enterprise or organisation activities
• CPC Class Codes: G06Q 30/0206 Price or cost determination based on market factors
• CPC Class Codes: G06Q 30/0282 Rating or review of business operators or products
• CPC Class Codes: G06Q 50/16 Real estate

Abstract

Described herein are systems and methods for providing rental valuation data (for example in terms of indicative market rental values). For example, such data may be used to define a suggested reasonable rental value, or indicate whether a proposed rental amount is higher or lower than objective factors would suggest. This is focused on a property to be rented by a business operator from a landlord, to renew a lease or to settle a rental dispute.

Claims

1. A computer implemented method for providing rental valuation data for a property to be rented by a business operator from a landlord, the method including:

accepting input of first data indicative of the reasonableness of the business operator;

processing the first data thereby to define an operator reasonableness score;

accepting input of second data indicative of past performance of the business operator;

accepting input of third data indicative of performance of one or more comparison benchmarks;

processing the second data and third data thereby to define an operator performance comparison score;

accepting input of fourth data indicative of rental data for one or more comparison businesses;

processing the fourth data thereby to define a rental range;

determining a position in the rental range appropriate for the property to be rented by the business operator from the landlord based on the operator reasonableness score and operator performance comparison score.

2. A method for according to claim 1 including:

inputting fifth data indicative of the reasonableness of the landlord;

processing the fifth data thereby to define a landlord reasonableness score;

wherein determining the position in the rental range appropriate for the property to be rented by the business operator from the landlord is based on the operator reasonableness score, operator performance comparison score, and landlord reasonableness score.

3. A method according to claim 2 wherein the fifth data is indicative of the performance of a retail centre including the property, and/or one or more other businesses in the retail centre, relative to a set of benchmarks.

4. A method according to claim 1 wherein the position in the rental range is defined by a range.

5. A method according to claim 1 wherein the accepted data is normalised using one or more normalising parameters.

6. A method according to claim 5 wherein the one or more normalising parameters include floorspace.

7. A method according to claim 1 wherein the first data is indicative of the performance of the business operator in one or more other businesses.

8. A method according to claim 1 wherein the first data is indicative of the performance of the business operator'"'"'s business in one or more other business locations.

9. A method according claim 1 wherein the third data is indicative of the performance of one or more comparison business similar to the business of the business operator in terms of any one or more of the following:

category of business;

location of business; and

characteristics of retail trading area or a shopping centre centre.

10. A method according to claim 1 wherein the rental range is defined in accordance with a plurality of dimensions, wherein the dimensions are defined in terms of any one or more of the following:

rent per square metre;

the total annual rent

rent as a percentage of turnover/sales; and

rent as a percentage of sales.

11. A method according to claim 1 wherein the rental range is defined by data renderable as one or more charts.

12. A method according to claim 11 wherein the position in the rental range is displayed relative to the one or more graphs.

13. A computer implemented method for providing rental valuation data for a property to be rented by a business operator from a landlord, the method including:

(a) accepting as input data indicative of historical business performance of the operator at the property;

(b) accepting as input data indicative of the historical business performance of the operator at one or more other properties;

(c) in the case that the historical business performance of the operator at the property is better than the historical business performance of the operator at one or more other properties, defining a parameter favourable to a higher valuation; and

(d) in the case that the historical business performance of the operator at the property is worse than the historical business performance of the operator at one or more other properties, defining a parameter favourable to a lower valuation.

14. A computer implemented method for providing feasibility data for a property to be rented by a business operator from a landlord, the method including:

accepting input of first data indicative of the predicted reasonableness of the business operator;

processing the first data thereby to define an operator reasonableness score;

accepting input of second data indicative of predicted performance of the business operator;

accepting input of third data indicative of performance of one or more comparison benchmarks;

processing the second data and third data thereby to define an operator performance comparison score;

accepting input of fourth data indicative of proposed rental costs for the property;

determining a relationship between the proposed rental costs and a feasible range appropriate for the property to be rented by the business operator from the landlord based on the operator reasonableness score and operator performance comparison score.