Method and system for rapid tenant screening, lease recommendation, and automatic conversion/transcription of data into lease documents
First Claim
1. A method for rapid tenant screening and lease recommendation, and conversion of data to lease documents, said method comprising:
- acquiring tenant information including financial information;
acquiring property information;
generating a lease recommendation based on a plurality of acceptance criteria that are based on said tenant information and includes;
determining a value for each of said plurality of acceptance criteria;
determining a score for each of said plurality of acceptance criteria based on said value;
combining said scores into one composite score for a tenant by taking a weighted average of scores for said plurality of acceptance criteria according to the expression;
wherein i represents an index of said plurality of acceptance criteria, pi represents an importance rating for each criteria, yi represents a score for each acceptance criteria, and y represents said composite score; and
determining said recommendation based on said composite score; and
generating lease documents based on said tenant information and said property information.
5 Assignments
0 Petitions
Accused Products
Abstract
System, method, computer program and computer program product, and business model for rapid tenant screening, recommendation, and conversion of data to lease documents. Provides structure and method for entering data from application to rent real estate for rapidly acquiring credit and screening from servers for the prospective tenant, passing information through a computer program that evaluates financial criteria, and presenting decision whether or not to accept tenant. Manager enters information about property and terms of lease, and automatically converts tenant credit information into leasing for signatures that will serve as legal basis for tenancy. Lease and credit information are all stored on central computer, remotely accessible for both on-site and off-site management to view, and controlled by access security protocol. Tenant rent and lease information is automatically entered into tenant files, viewable remotely, so that there is a real-time view of tenant status for those with permission to access information.
32 Citations
28 Claims
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1. A method for rapid tenant screening and lease recommendation, and conversion of data to lease documents, said method comprising:
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acquiring tenant information including financial information; acquiring property information; generating a lease recommendation based on a plurality of acceptance criteria that are based on said tenant information and includes; determining a value for each of said plurality of acceptance criteria; determining a score for each of said plurality of acceptance criteria based on said value; combining said scores into one composite score for a tenant by taking a weighted average of scores for said plurality of acceptance criteria according to the expression; wherein i represents an index of said plurality of acceptance criteria, pi represents an importance rating for each criteria, yi represents a score for each acceptance criteria, and y represents said composite score; and determining said recommendation based on said composite score; and generating lease documents based on said tenant information and said property information. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
wherein y represents the score for one of said plurality of acceptance criteria, x is said value for said criterion, c is the standard selected for said criterion, a and b are constants for scaling the value of said criterion to a standard level, k1 is a constant set to the maximum resulting score, k2 is a constant set to control the inflection point of the resulting curve, and k3 is a constant set to control the lowest score.
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12. The method of claim 1, wherein said lease documents comprise a lease, disclosures about said property, rules, policies, local ordinances, or other agreements.
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13. A system for performing rapid tenant screening and lease recommendation, and conversion of data to lease documents, said method comprising:
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means for acquiring tenant information including financial information; means for acquiring property information; means for generating a lease recommendation based on a plurality of acceptance criteria that are based on said tenant information and includes; determining a value for each of said plurality of acceptance criteria; determining a score for each of said plurality of acceptance criteria based on said value; combining said scores into one composite score for a tenant by taking a weighted average of scores for said plurality of acceptance criteria according to the expression; wherein i represents an index of said plurality of acceptance criteria, pi represents an importance rating for each acceptance criteria, yi represents a score for each acceptance criteria, and y represents said composite score; and determining said recommendation based on said composite score; and means for generating lease documents based on said tenant information and said property information. - View Dependent Claims (14, 15, 22, 23)
wherein y represents the score for one of said plurality of criteria, x is said value for said criterion, c is the standard selected for said criterion, a and b are constants for scaling the value of said criterion to a standard level, k1 is a constant set to the maximum resulting score, k2 is a constant set to control the inflection point of the resulting curve, and k3 is a constant set to control the lowest score.
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16. A computer program product for use in conjunction with a computer system, the computer program product comprising a computer readable storage medium and a computer program mechanism embedded therein, the computer program mechanism comprising:
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a program module that directs a computer processor to function in a specified manner, said manner comprising; performing a credit check on an applicant; generating a recommendation and report for said applicant including; determining a value for each of said plurality of acceptance criteria; determining a score for each of said plurality of acceptance criteria based on said value; combining said scores into one composite score for a tenant by taking a weighted average of scores for said plurality of acceptance criteria according to the expression; wherein i represents an index of said plurality of acceptance criteria, pi represents an importance rating for each acceptance criteria, yi represents a score for each acceptance criteria, and y represents said composite score; and determining said recommendation based on said composite score; and generating lease documents for said applicant. - View Dependent Claims (17, 18, 19, 20)
wherein y represents the score for one of said plurality of criteria, x is said value for said criterion, c is the standard selected for said criterion, a and b are constants for scaling the value of said criterion to a standard level, k1 is a constant set to the maximum resulting score, k2 is a constant set to control the inflection point of the resulting curve, and k3 is a constant set to control the lowest score.
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21. A method for rapid tenant screening and lease recommendation, and conversion of data to lease documents, said method comprising:
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acquiring tenant information including financial information; acquiring property information; generating a lease recommendation based on a plurality of acceptance criteria that are based on said tenant information and includes; determining a value for each of said plurality of acceptance criteria; determining a score for each of said plurality of acceptance criteria based on said value by scaling said value according to a mathematical function comprising a relationship of the form; wherein y represents the score for one of said plurality of acceptance criteria, x is said value for said criterion, c is the standard selected for said criterion, a and b are constants for scaling the value of said criterion to a standard level, k1 is a constant set to the maximum resulting score, k2 is a constant set to control the inflection point of the resulting curve, and k3 is a constant set to control the lowest score; combining said scores into one composite score for a tenant; and determining said recommendation based on said composite score; and generating lease documents based on said tenant information and said property information.
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24. A method for rapid tenant screening and lease recommendation, and conversion of data to lease documents, said method comprising:
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acquiring tenant information that includes financial information for each of two roommates; acquiring property information; generating a lease recommendation for the two roommates based on a plurality of acceptance criteria that are based on said tenant information and includes; determining a value for each of said plurality of acceptance criteria for each roommate; determining a score for each of said plurality of acceptance criteria based on said value for each roommate; combining said scores into one composite score for each roommate; and determining said recommendation for the two roommates based on said composite scores; and generating lease documents based on said tenant information and said property information. - View Dependent Claims (25, 26, 27)
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28. A method for rapid tenant screening and lease recommendation, and conversion of data to lease documents, said method comprising:
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acquiring tenant information including acquiring financial information by communicating with a credit reporting agency, wherein the financial information comprises a raw credit report; acquiring property information; generating a lease recommendation based on a plurality of acceptance criteria that are based on said tenant information and includes; determining a value for each of said plurality of acceptance criteria; determining a score for each of said plurality of acceptance criteria based on said value; combining said scores into one composite score for a tenant by taking a weighted average of scores for said plurality of acceptance criteria according to the expression; wherein i represents an index of said plurality of acceptance criteria, pi represents an importance rating for each criteria, yi represents a score for each acceptance criteria, c represents a constant value for a minimum requirement, and y represents said composite score; and determining said recommendation based on said composite score; and generating lease documents based on said tenant information and said property information.
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Specification