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Rentberry – a decentralized long-term rental ecosystem

Rentberry is a decentralized long-term rental ecosystem that will use blockchain technology to make the rental process less costly and more convenient and secure. The transparent ecosystem with verified information on renters and landlords fosters trust between the parties. Rentberry’s proprietary auctioning technology reduces traditional frustrations, scam rates, time delays, and friction points in the rental process to benefit both tenants and landlords. Also, the Rentberry ecosystem will ofer the ability for community members to help back quality tenants, unfreezing millions of dollars tied up rental security deposits in the process. Although the costs and characteristics of housing vary across the world, residents of many countries experience the same problems in the long-term rental space. Rentberry’s mission is to ofer a solution that will be equally efcient for residents across international borders.

Open and Transparent Rental Platform

Rentberry will use blockchain technology to streamline the entire long-term rental process by
making it possible for tenants and landlords to complete all rental tasks in one place. These
tasks include:
• Searching for properties;
• Making ofers / bids via the Rentberry auctioning platform;
• Screening prospects;
• Selecting the best / most suitable candidates;
• Negotiating the terms;
• Unlocking rental security deposits;
• E-signing contracts;
• Paying rent;
• Submitting maintenance requests;
• Hiring third-party service providers (e.g., handymen and plumbers);
• Enabling landlords to stay connected with tenants.

Rent Payments

Rentberry plans to allow tenants to make their rental payments in BERRY tokens starting in 2018. This means no more fees will be incurred that will be associated with a credit card or wire transfer payment, bounced checks, unrecorded cash transactions, or long wait times for receiving payments. The risk of any fraudulent activity will be minimized as all payments will be recorded on an immutable ledger.With BERRY tokens, tenants will not only get a chance to pay rent online, but will also get to use a single internationalized platform medium. Rental payments will be free of charge (no commissions or hidden fees) using BERRY tokens. A history of rent payments will be appended to the tenants’ private profile and will be used in the calculation of the proprietary Tenant Score.

Blockchain Technology

Rentberry is convinced that blockchain technology combined with smart contracts will be the core engine for the long-term rental industry. The blockchain provides a mechanism for securing and transferring funds, and supporting the complex multi-party agreements that drive those fund transfers through the use of smart contracts. The fact that the data remains saved in an immutable distributed data store means that users can rest assured that their data cannot be tampered with, payment flows can be optimized, identity can be managed securely, and ultimately the overall rental experience can be improved. All users of Rentberry application(s) will be required to use an identity wallet to prove that they provided the data or that they initiated or approved the underlying activity. Landlords and tenants will be able to specify their own terms and conditions in their rental agreement smart contracts. Third party services are likely to be used to validate identity on the platform.

 

If you want more information, visit the WEBSITE 

 

 

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