Paper lease contracts have been used for ages to formalize a rent. However, paper-based agreements are tough to automate.
Commercial lease agreements involve many parties, such as maintenance, tenants, landlords, asset managers, asset owners, and more. With big money involved, there's a continuous need for verifying each other's data on its validity.
On complex real estate agreements, that often have various companies in a building, payments differ on a month to month basis due to ad hoc maintenance and more, resulting in complex payment procedures.
By utilizing blockchain technology, each party will have control over its data and will be able to verify the actions of others, making cooperation secure, yet efficient.
Save up to 40% on administrative overhead by reducing bureaucracy within the organization. The LTO platform creates automated audit trails and orchestrated tasks. The actors can check their status without relying on a central organization.
Service and maintenance heavily relies on applications nowadays. By linking these apps -such as Capptions- to the contract, on-the-floor operations, and the captured data is pushed right to the agreement, optimizing payments.
Especially new buildings can start 'the right way' by creating a building passport. When selling a building, a complete and trusted set of data is transferred. Transferring buildings with LTO Network assures a full, trusted collection of data when switching owners.
LTO Network is a fully decentralized and highly efficient blockchain infrastructure that is easy to integrate into existing (legacy) systems, mobile applications, and IoT devices. LTO Network is production-ready for instant efficiency upgrades.
Liquidity improvement, making fewer write-offs on tenants who go bankrupt. Through Live Contracts, service charges can be debited directly instead of months after the close of the year through smart payments.
LTO Networks distributed data processing allows for unparalleled efficient data exchange between stakeholders.
We are sharing unstructured data between participants on a contract through ancient communication methods.
Live Contracts portray a legal document as a set of business rules and data that allow automation.
Static pieces of paper are impossible to automate. Smart contracts don't work out for these documents.
By merely linking API's to a Live Contract, stakeholders can participate in workflow while keeping existing IT in place.
'Traditional' blockchain solutions require extensive and expensive IT overhauls due to existing (legacy) systems.