I am thinking about a new business venture, my idea is to create a professional vetting service which helps landlord vet their potential tenants, if a tenant passes the vetting process, I will offer the landlord 80% of 12 month of rent payments up front, and the tenant will subsequently pay me 100% of the rent as agreed in the tenancy agreement over a period of 12 months. So if the lease states $1500 per month for 12 month ($18,000), my company will pay the landlord $18,000 x 80% = $14,400 dollars up front, and the tenant will pay me $1500 per month, in the end if the tenant fully pays 12 month rent, I will make 18,000 - 14,400 = $3600 in profit. If the tenant stops paying, then I lose out, so I take on the risk of non-payment.
However, the problem I am running into is how to structure the agreeement(s) between my company, the landlord, and the tenant.
How would the lease agreement work in this example?
Would my company sign an agreement with the landlord, stating that my company has the right to lease the property, to collect payment, and evict the tenant if there is non-payment?
And would my company then sign a lease agreement with the tenant? So that the tenant will pay me the monthly rent amount.