Decentralized commercial lease agreements
USE CASE

Decentralized commercial lease agreements

Legal documents are still static pieces of paper. Live Contracts achieve unique automation and efficiency.

CMS

Involved parties

CMS Law and MSeven Real Estate.

Business challenges

LTO Network - Business Challenge

Process automation

Paper lease contracts have been used for ages to formalize a rent. However, paper-based agreements are tough to automate.

LTO Network - Business Challenge

High stakes

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.

LTO Network - Business Challenge

Payment cycles

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.

Solution overview

Distributed data processing

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.

LTO Network - Rock
LTO Network - Rock

Automated compliance

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.

Use of Mobile apps

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.

LTO Network - Rock

Advantages using LTO Network

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The building passport

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 - Rock LTO Network - Rock LTO Network - Ease of integration

Ease of integration

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.

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Liquidity

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.

Theme
LTO Network solution
Traditional solution
Theme
Data sharing
LTO Network solution
LTO Network solution

LTO Networks distributed data processing allows for unparalleled efficient data exchange between stakeholders.

Traditional solution
Traditional solution

We are sharing unstructured data between participants on a contract through ancient communication methods.

Theme
Automation
LTO Network solution
LTO Network solution

Live Contracts portray a legal document as a set of business rules and data that allow automation.

Traditional solution
Traditional solution

Static pieces of paper are impossible to automate. Smart contracts don't work out for these documents.

Theme
Existing systems
LTO Network solution
LTO Network solution

By merely linking API's to a Live Contract, stakeholders can participate in workflow while keeping existing IT in place.

Traditional solution
Traditional solution

'Traditional' blockchain solutions require extensive and expensive IT overhauls due to existing (legacy) systems.

LTO’s GDPR and privacy compliance characteristics make it a fresh breath of air in a clouded and hyped blockchain landscape. We’re looking forward to exploring other solutions with LTO in the future!

Niels Bruijninckx
Senior Manager of M7 Real Estate
LTO Network - Rick Ros

Software Vendors

Do you want to know more about our products, pricing and reseller options? Rick is here to help you out!

LTO Network - Martijn Broersma

Business

Curious to learn how LTO Network can increase your process efficiency? Martijn is here to help you out!

LTO Network - Sven Stam

Developer

Are you a developer that wants to learn more about the tech and documentation? Sven speaks your language!