Method and system for completing a lease for real property in an on-line computing environment
DCFirst Claim
1. A computing system for enabling a lease transaction for real property in an on-line computing environment, comprising:
- a property management services server hosting a leasing software module for enabling the lease transaction;
at least one database, coupled to said property management services server, storing real estate property-related data for a plurality of real estate properties; and
a plurality of client computers coupled to said property management services server, at least one client computer operable by an owner and at least one client computer operable by a tenant, wherein the owner and the tenant input predetermined information about a selected real estate property into said leasing software module and negotiate an electronic term sheet using said leasing software module in support of the lease transaction for the selected real estate property,wherein said leasing software module accesses the property-related data on one of said at least one database to obtain data relevant to the selected real estate property, populates a lease agreement based on predetermined information from an owner of the selected real estate property and information in the electronic term sheet negotiated by the owner and the tenant, and presents the populated lease agreement and the comparables data for approval by the owner and the tenant.
5 Assignments
Litigations
2 Petitions
Accused Products
Abstract
The present invention relates to completing a lease for property in an on-line computing environment. A distributed computer network can enable a user to access multiple databases and to obtain comparables data related to a property of interest for use in calculations. This can enable users to access the latest, broadest set of relevant property data and to select relevant comparable values quickly and with minimal manual intervention. An on-line property management environment can comprise a distributed computer network coupled to numerous client computers, a property services server platform connected to a local database, and numerous property information databases. Building owners or their agents can list their available space for rent on a web site hosted b (a property services server platform in a distributed computing environment. Commercial tenants or their agents requiring space can either directly enter the property services server platform or enter through allied sites.
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Citations
21 Claims
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1. A computing system for enabling a lease transaction for real property in an on-line computing environment, comprising:
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a property management services server hosting a leasing software module for enabling the lease transaction; at least one database, coupled to said property management services server, storing real estate property-related data for a plurality of real estate properties; and a plurality of client computers coupled to said property management services server, at least one client computer operable by an owner and at least one client computer operable by a tenant, wherein the owner and the tenant input predetermined information about a selected real estate property into said leasing software module and negotiate an electronic term sheet using said leasing software module in support of the lease transaction for the selected real estate property, wherein said leasing software module accesses the property-related data on one of said at least one database to obtain data relevant to the selected real estate property, populates a lease agreement based on predetermined information from an owner of the selected real estate property and information in the electronic term sheet negotiated by the owner and the tenant, and presents the populated lease agreement and the comparables data for approval by the owner and the tenant. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A computer-implemented method for conducting a lease transaction for real estate property in a distributed computer network environment, comprising the steps of:
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storing property characteristics from an owner for a plurality of the owner'"'"'s real estate properties in an electronic database; defining a tenant'"'"'s property requirements for leasing a real estate property using a software module operating on a property services server; identifying with the software module a matching property from one of the owner'"'"'s real estate properties, the matching property comprising property characteristics from the owner that match the tenant'"'"'s property requirements; publishing with the software module the matching property that matches the tenant'"'"'s property requirements; storing in the electronic database an electronic term sheet negotiated by the owner and the tenant using the software module operating on the property services server; creating a lease agreement for the matching property by populating the property characteristics from the owner for the matching property and the terms of the electronic term sheet into a form lease agreement comprising lease terms and legal provisions; and publishing the created lease agreement for review by the tenant and the owner. - View Dependent Claims (11, 12, 13, 14, 15, 16)
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17. A system for enabling a lease transaction for real property in an on-line computing environment, comprising:
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a property management services server, coupled to a distributed computer network, hosting a leasing software module for enabling the lease transaction, storing information for a plurality of clients, and operable to receive a tenant'"'"'s property requirements for leasing a real estate property; and a plurality of remote databases, coupled to said property management services server, each storing real estate property-related data, including owner property characteristics for a plurality of real estate properties, said remote databases being maintained by one or more third parties; wherein, responsive to receiving the tenant'"'"'s property requirements by the property management services server, said leasing software module accesses the owner property characteristics in at least one of said remote databases to identify a matching property comprising owner property characteristics that match the tenant'"'"'s property requirements, wherein the matching property becomes a subject of the lease transaction, wherein said leasing software module stores an electronic term sheet negotiated by an owner of the matching property and the tenant using the leasing software module, and wherein said leasing software module populates a lease agreement based on the owner property characteristics and the negotiated electronic term sheet. - View Dependent Claims (18, 19, 20, 21)
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Specification