System and method for creating and implementing a lease agreement
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United States of America Patent
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N/A
Issued Date -
Mar 31, 2005
app pub date -
May 15, 2003
filing date -
May 15, 2002
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
The present invention provides a method for creating and implementing a lease agreement between a lessor of an income generating property and a lessee of said property and preparing lease agreement documents specifying payment obligations of said lessee to said lessor concerning said property which is subject to said lease agreement including the steps of: determining an amount of rent payable and a term of lease; creating a promissory obligation by the lessor of said property to share with the lessee a quantum of benefits attributable to said agreement, said benefits being selected from the group consisting of equity based benefits and cash based benefits; and creating a promissory obligation by the lessee to make an investment in relation to said property, in addition to said rent payable, in consideration for said lessor's promissory obligation.
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