Real estate transactions can be some of the most complicated and burdensome undertakings many people ever participate in. Even the simplest lease agreement is rarely fully understood by the parties signing it. Additionally, enforcing the terms of these contracts can take significant time and effort on both sides, landlord and tenant. Smartrealty Many landlords waste countless hours in their attempts to collect rent payments from their tenants and terminating the tenancies of those who are unable to pay, and many tenants have trouble recovering security deposits or compelling landlords to do repairs in a reasonable time frame or otherwise abide by their various obligations under the law and the terms of their leases.
Smartrealty believes many of these problems can be solved, or at least significantly reduced, by applying smart contract technology to the real estate sales and rental market. No one can deny that a digital revolution of some form is currently taking place. This is creating a huge opportunity to change the way we transact, especially on a person-to-person basis. Crypto-currencies like Bitcoin, Ethereum, and SMARTRealty tokens are in a prime position to transform the way we transact with one another, and smart contract technology can transform the way record and enforce contracts and agreements, reducing the need for long drawn out court battles and dispute resolution processes.
Smartrealty Key Information
|Hard cap||160,000 ETH|
|Distributed in ICO||40%|
|Tokens for sale||200,000,000|
|Accepting||ETH, BTC, LTC, ADA, ETC, BCH, ZEC|
|Price in ICO||0.5800 USD|
|Whitepaper||Click Here For View Whitepaper|
|Website||Click Here For Visit ICO Homepage|
The Game Change Team Behind Smartrealty
Smartrealty Contracts made between individuals with little to no legal counsel, as most rental and lease agreements are, are often the subject of dispute, debatable obligations and meanings, and countless misunderstandings. Every jurisdiction in every civilized country in the world is full of landlord-tenant disputes and courts are over-burdened by these disputes every day. Even real estate purchase and sales agreements handled with the help of lawyers, real estate agents, mortgage brokers and lenders, escrow companies, title companies, and other third parties are the source of many legal disputes.
Smartrealty believes that while may never be able to eliminate contract disputes completely, they can significantly reduce them, as well as the time and effort spent settling them, by applying smart contract technology to certain types of agreements. SMART Realty’s goal is to initially apply smart contract technology to residential leases, and provide a platform for landlords to advertise their rental units and homes to potential tenants, with SMARTRealty smart contracts governing the transactions. Over time, as laid out in your road map, they plan to branch this platform out to include residential and commercial real estate transactions, including rentals, sales, and even nontraditional transactions such as owner-financing and lease-option agreements.
Who is a smart contract?
In 1994, Nick Szabo, a legal scholar, and cryptographer, realized that a decentralized ledger, such as the bitcoin or ethereum blockchains, could be used for self-executing contracts. In other words, contracts could be converted to computer code, stored and replicated on the system and supervised by the network of computers that run the blockchain. This would also result in ledger feedback that could include the transfer of money and ensuring that a product or service was delivered and received as agreed.
Smartrealty Smart contracts help you exchange money, property, shares, or anything of value in a transparent, conflict-reduced way while avoiding the need for a middleman. Smart contracts not only define the rules, terms, and penalties of an agreement in the same way that a traditional contract does, but they can also automatically enforce those obligations or enforce the agreed upon penalties for failure to perform obligations.