Method and system for property rental tenant approval, line of credit based rental payment, and deposit and rental payment insurance

摘要

A system and method for providing assurances for real property rental, and in particular a system and method for property rental tenant approval, line of credit based rental payment, and deposit and rental payment insurance. A credit check is provided for a renter at the time of rental application. Upon approval, the renter is provided with a line of credit, via a financial institution. The line of credit is assigned to the landlord via an addendum to the lease between the landlord and the renter. The financial institution periodically pays the landlord for the rental, debits the line of credit, and issues a statement to the renter for the amount due. The renter then refreshes the line of credit for future payment.