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According To Smartrealty Website

SMARTRealty is revolutionizing the real estate industry by applying smart contract technology to common real estate transactions such as rental agreements, property sales, and more. SMARTRealty is building a smart contract template and management system for use with all common types of real estate transactions, as well as real estate rental and property sales platforms that interact with all the major real estate listing services on the web.

Basic Information

 Parties Agree to Transact Using SMARTRealty

This could be for the purchase and sale of a piece of property, or a simple one-year rental agreement. The parties use the SMARTRealty platform to solidify the terms of their agreement in a SMARTRealty smart contract, which includes whatever terms and conditions the parties agreed to, including dates of payments due, amounts due, length of the agreement, penalties for non-compliance, etc.

The SMARTRealty Contract Manages The Relationship Between The Parties

The paying party can make payments using ETH, BTC, LTC, USD, EUR, or many other currencies, which would automatically be converted to RLTY tokens and applied to the SMARTRealty contract. Payment can also be made directly with RLTY tokens, if preferred. The contract can even be ‘pre-programmed’ to automatically serve notices in the event of breach, or to terminate upon expiration, or whatever protocols the parties agree to upon contract creation and/or are required by local statute(s).

Features

SMARTRealty Contract Executes and Deal Closes

Upon final payment(s) or whatever variable the parties agree to, the contract executes and, upon expiration, the transaction is completed. Upon expiration, any necessary filings can be made or, if rental agreement, tenancy can be terminated and any security deposit refunded according to the terms of the agreement. Contracts can even be set to auto-renew, if required, or new terms can be negotiated and a new contract executed, if the parties agree.

Market dynamic

Sales of new single-family houses in November 2017 were at a seasonally adjusted annual
rate of 733,000, according to estimates released jointly by the U.S. Census Bureau and the
Department of Housing and Urban Development. This is 17.5 percent above the revised
October rate of 624,000 and is 26.6 percent above the November 2016 estimate of 579,000.

Disclaimer

RLTY tokens do not represent equity, shares, royalties or rights to capital, dividends, profit or income in the entity that issues tokens or any other entity in any jurisdiction. SMARTRealty does not offer securities, shares, options or futures, or solicits any securities or assets for investment purposes.

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