It is sad to see that company replies on questions very selectively. I see many unanswered questions (in the beginning of the thread)
If I am from another country and want to rent apt in the USA, I won't have any credit history to check. Will I be an unreliable tenant?
When the deposit is collected by crowdsourcing, it will be still "frozen", but on landlord account?
If tenant and landlord have an argument, who will decide who is right?
Dear Cherrywins,
Thank you for your interest in Rentberry and your remark. As you know we are in the process of preparing to ICO and we are getting hundreds of questions daily in different channels.
Getting back to your questions, our scoring ecosystem based on blockchain technology will allow to create an individual score for each tenant. As the score will be based on data from many sources, the lack of US credit history would still allow you to rent an apartment without a problem.
After the deposit is collected, the Tenant transfers it to the Security Deposit Smart Contract. When the tenant moves out, if there has not been a damage claim by the landlord, the Security Deposit Smart Contract will transfer BERRY tokens that have been deposited back to the tenant and to each contributor deposit.
All the negotiated terms should be specified in the Rental Agreement which is e-signed by both parties via Rentberry website. This Agreement will have a legal value and can be used in case the landlord and the tenant have an argument.
1. Could you tell me the examples of the sources on which my score of reliability would be based?
2. I mean that there are situations where the rental agreement doesn't help because both parties have a different view on the subject they are arguing about. For example, landlord thinks that sofa is damaged, tenants don't agree with him. So, the third party is needed to decide who is right. It can't be done automatically.