Lease Smart Contract

Overview

The Lease Agreement Contract is responsible for managing lease agreements between property owners and lessees. It ensures that lease agreements are created, terminated, and enforced according to the agreed-upon terms.

Key features of the Lease Agreement Contract:

  • Stores references to DeedNFT and LeaseNFT contracts.

  • Includes a mapping to store active lease agreements.

  • Provides functions for creating, terminating, and updating lease agreements.

  • Implements a function to verify the ownership of a DeedNFT before creating a lease agreement.

Contract Data Structure

The Lease Agreement Contract manages lease agreements using a struct called Lease, which includes the following information:

  • LeaseNFT token ID

  • DeedNFT token ID

  • Lessee and lessor Ethereum addresses

  • Lease start and end dates

  • Rent amount and payment frequency

  • Security deposit amount

  • Lease status (active or terminated)

Core Contract Functions

The Lease Agreement Contract includes functions for creating, updating, and terminating lease agreements. The functions can only be called by the contract owner or authorized addresses.

createLease: Creates a new lease agreement and mints a corresponding LeaseNFT.

updateLease: Updates an existing lease agreement's information.

terminateLease: Terminates a lease agreement and burns the corresponding LeaseNFT.

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