General Terms and Conditions for Rendity GmbH


Rendity GmbH, headquartered in Vienna (hereinafter also known as “Rendity”), operates a crowd-investing platform for real estate projects under the domain “rendity.com” (hereinafter also known as the “Platform”). The Platform offers asset consulting in compliance with the Austrian Trade Regulation Act by providing information about real estate projects and by concluding a qualified, subordinated loan (hereinafter also known as a “Loan”), with the associated participation in financing the respective project.

1. Scope

(1) The use of the platform establishes a Usage Agreement between the user and the Platform operator that is exclusively subject to the following General Terms and Conditions (hereinafter also “GTCs”).
(2) The legal relationship between the Platform operator and real estate companies is not the subject of these GTCs. This relationship is defined by separately concluded cooperation agreements. The legal relationship between real estate companies and investors is not the subject of these GTCs either. This is defined by separately concluded loan agreements.

2. Registering

(1) In order to use the Platform to its fullest extent, users must register and provide truthful personal information as requested. Natural persons are only permitted to register if they are at least 18 years of age and fully legally competent. Legal entities may only be registered by their authorized representatives. Multiple registrations are not permissible. There is no entitlement to register and use the Platform. The Platform operator may refuse a potential investor as a user at any time without further explanation and may terminate the Usage Agreement in compliance with Pt. 6 of the GTCs.
(2) Investors must have their official residence within the European Economic Area and may only use the Platform on their own account. Registrations are highly personal and may not be transferred.
(3) Once registration is complete, the Platform operator will send the user a confirmation email. The user’s email address will only be confirmed when the activation link in this email is opened and registration is completed. After concluding the Agreement, users can review and change their data at any time under “Profile.”
(4) Registering with incorrect data is not permissible, and may cause the user to be blocked from the Platform. The Platform operator reserves the right without prior notice to delete registrations that were created with single-use email addresses (known as “disposable email addresses”) as well as registrations that are not activated within 2 months of being created.
(5) The user shall ensure that all information provided during the use of the Platform is truthful and up to date.
(6) When registering, users of the Platform choose a password for the registered account. The user hereby agrees to ensure that his/her login data, particularly the password, is not made accessible to third parties. The user is exclusively responsible for all activities performed using his/her account. If there is any indication that the account is being misused, or that third parties have nonetheless obtained knowledge of the login data, the user shall inform the Platform operator of this immediately.
(7) The Platform operator will never request personal data, especially login data, by email or phone.

3. Using the Platform

(1) The Platform operator shall provide the users of the Platform with information about real estate projects. Users of the Platform have an opportunity to participate in financing the projects by submitting an offer to conclude loan agreements. Individual offer acceptance by the real estate company shall involve the Platform operator as a carrier of declarations of intent. In this context, the Platform operator shall limit itself to providing sample documents and technical conditions for concluding the agreements, organizing the shipment of documents, and performing certain additional services for the project holders, particularly contract and data management as well as payment coordination. The Platform operator shall not provide any other services.
(2) All real estate companies and information provided by the real estate companies regarding real estate projects were chosen merely on the basis of a simple test, based on certain formal criteria, plausibility and coherence of the overall picture given a reasonable effort and cost. Thus the Platform operator is unable to state whether the real estate companies’ information is accurate. Above all, however, the Platform operator does not review whether or to what extent it is economically sensible for the user to grant a qualified, subordinated loan to the company. This assessment and the associated decision about individual investments must be made independently at the user’s own discretion.
(3) The technical provision of information on the Platform and the ability to conclude agreements through the Platform do not constitute a recommendation or investment advice, nor legal or tax advice, from the Platform operator. Before concluding an agreement, it is recommended that users obtain economic, tax and legal advice, particularly from an attorney and a tax consultant.
(4) The investment process is only considered to be complete when an amount has been chosen, the agreement on granting a qualified, subordinated loan and all other relevant documents and materials for the investment process have been accepted, payment has been provided through a payment service provider, and the user has received a confirmation pertaining to the agreement. With corresponding declarations of intent, the loan agreement is concluded subject to the condition subsequent that the funding threshold amount is not reached when the offered loan amounts from all lenders are added up, or if the funding threshold is not reached due to cancellations and/or revocations by the lenders within the 14-day period after the company accepts the loan offers. If the condition subsequent occurs, any amounts paid up to that point based on the accepted agreements shall be returned to the users.
(5) For a qualified, subordinated loan, the users shall bear a risk as lenders. The loan capital, including interest claims, cannot be reclaimed on the basis of the qualified, subordinated claim if this would create grounds for insolvency on the part of the borrower. This may lead to a total loss of the invested capital. Users are asked to please note the detailed risk information.
(6) Payments shall exclusively be made through an external payment service provider. The Platform operator shall not accept and/or make any payments.
(7) Use of the Platform is free of charge for users.
(8) All types of comments, information, and documents provided within the context of the Platform and/or the associated blogs that violate applicable laws or are otherwise inappropriate, particularly containing racist, pornographic, insulting or immoral content, are not permissible. Violations of this provision may result in a damage compensation obligation for the Platform user, deletion of the articles in question, and/or immediate blocking of the Platform user from further use of the Platform.
(9) If there are signs that the Platform is being misused, particularly in the case of agreements concluded through the Platform without payment of the loan amounts owed as per the respective agreements, the operator reserves the right to block the user from use of the platform with immediate effect.
(10) The Platform operator is entitled to reduce, expand or otherwise change the services offered to users on the Platform at any time if this becomes necessary for good cause.

4. Data privacy

(1) The user is not entitled to share or reproduce any documents, information and materials that were made available to the user through the Platform. This excludes information and materials that are publicly accessible. This requirement shall also apply without limitation after the end of the use of the Platform, as well as after any termination of this Usage Agreement. If a user violates this obligation, it may lead to liability for damages.
(2) The user’s personal data shall only be collected and used in accordance with legal provisions, particularly in compliance with the applicable data privacy laws.
(3) The Platform operator reserves the right to verify the provided data on a random basis. This data shall not be shared with third parties without express permission from the user. The Platform operator notes that data transmission on the internet (e.g. in email communications) may be subject to security gaps. It is not possible to seamlessly protect data from third-party access. Users have the right to obtain information free of charge at any time, but at most once per quarter, about what personal data has been saved about them, its origin and recipients, and the purpose of processing this data; they are also entitled to have the data corrected, blocked or deleted as long as no other contractual provisions prohibit this.
(4) Third-party use of contact information published in compliance with the legal notice obligation in order to transmit advertisements and informational materials that were not explicitly requested is hereby explicitly prohibited. The Platform operator explicitly reserves the right to take legal action in the event that unrequested advertising information, for instance spam, is transmitted.

5. Liability

(1) The Platform operator shall be liable to the user without limitation in the event of a loss of life, bodily injury or damages to health, and for damages due to an intentional or grossly negligent violation of its contractual obligations based on the Usage Agreement.
(2) The above liability limitations shall also apply in the event that a vicarious agent is at fault, as well as to the personal liability of the Platform operator’s employees, representatives and corporate bodies.
(3) The Platform operator shall not be liable for the effectiveness of the concluded loan agreements or the economic success of the financing, for payment defaults or for the risk of insolvency by the parties to the Agreement.
(4) No liability is assumed for the claims and information provided by real estate companies on the Platform, particularly with regard to real estate projects (see Pt. 3 (2) of the GTCs).
The Platform operator assumes no liability for the content of pages to which links are provided. If one of the pages to which a link is provided is found to have questionable or illegal content, a notification is requested so that the link can be removed as quickly as possible in such a case. If you leave the Platform via an external link or click on a link that leads to an external page, your web identity (IP address, operating system, browser used, etc.) may be recorded there. The Platform operator is not able to influence or give notice of any collection and processing of your personal data by these pages, for instance Facebook or Twitter. Users of the Platform are advised to inform themselves about the applicable GTCs and the privacy policy of each provider on the linked pages.

6. Term & Termination

(1) The Usage Agreement received for the use of the Platform is open-ended and can be ended by ordinary termination at the end of any month with 14 business days’ notice. For a legal termination, the user has the option of providing the corresponding notice to the Platform operator in writing (e.g. by email or mail).
(2) The right to extraordinary termination for good cause remains unaffected hereby.
(3) Agreements concluded through the platform remain unaffected by any termination.

7. Availability of the Platform

(1) The Platform operator shall strive to make the Platform consistently available within the scope of what is technically and economically reasonable. For technical reasons, however, constant availability of the Platform cannot be guaranteed for Platform users. In particular, maintenance, security and capacity requirements as well as occurrences beyond the control of the Platform operator may lead to a temporary suspension of the offered services and the Platform’s availability.
(2) Inadequate technical equipment on the part of the user and/or an inadequate connection from the access provider may also lead to such limitations.
(3) The Platform operator is entitled to temporarily limit the Platform and its services at any time if this is necessary for capacity reasons, security reasons, for performing other technical measures or for another material reason.

8. Final Provisions

(1) The operator reserves the right to modify these GTCs at any time without explanation, with future effect. The modified terms shall be provided to the user in writing at least four weeks before they take effect. If the user does not object to the validity of the modified terms of use within the specified period after receiving notice of the modification of these GTCs, the modified GTCs shall be considered accepted by the user.
(2) These GTCs and the legal relationship between the Platform operator and the user are subject to the laws of the Federal Republic of Austria.
(3) The court having subject matter jurisdiction for the 1st District in Vienna shall be responsible for all disputes arising from this Agreement. Regardless of this, contractual partners can also be subject to proceedings at their general place of jurisdiction.
(4) The invalidity of individual provisions of these GTCs shall not cause the entire Agreement to be invalid; they shall be replaced by valid provisions that as closely as possible approximate the economic and legal intent of the invalid provisions.


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Imprint

Information according to § 5 (1) ECG (Austrian E-Commerce Regulations)

Company Name: Rendity GmbH
Address: Tegetthoffstraße 7, 1010 Wien
Email: hello@rendity.com
Commercial Register: FN 438425 v
Court: Commercial Court Vienna
Authority: Town of Vienna
VAT: ATU69933138
Managing Directors: Paul Brezina, Tobias Leodolter & Lukas Müller
Banking Institution: Raiffeisenbank
IBAN: AT57 3200 0000 1214 6270
BIC: RLNWATWW
Website: www.rendity.com
Facebook: facebook.com/renditycom
Twitter: twitter.com/rendity
Instagram: instagram.com/renditycom

Intellectual Property

Copyright © 2017 Rendity

The content and works published on this website are governed by the copyright laws of Austria. Any duplication, processing, distribution or any form of utilisation beyond the scope of copyright law shall require the prior written consent of the author or authors in question.

Data Privacy

A visit to our website can result in the storage on our server of information about the access (date, time, page accessed). This does not represent any analysis of personal data (e.g., name, address or e-mail address). If personal data are collected, this only occurs – to the extent possible – with the prior consent of the user of the website. Any forwarding of the data to third parties without the express consent of the user shall not take place. The use by third parties of all published contact details for the purpose of advertising is expressly excluded. We reserve the right to take legal steps in the case of the unsolicited sending of advertising information; e.g., by means of spam mail.

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You always have the right to get information about your stored personal data, its origin and destination and the purpose of data processing as well as a right to correction, blocking or deletion this data.

Limitation of Liability

The content of our website has been compiled with meticulous care and to the best of our knowledge. However, we cannot assume any liability for the up-to-dateness, completeness or accuracy of any of the pages. Our website contains links to the websites of third parties (“external links”). As the content of these websites is not under our control, we cannot assume any liability for such external content. In all cases, the provider of information of the linked websites is liable for the content and accuracy of the information provided. At the point in time when the links were placed, no infringements of the law were recognisable to us. As soon as an infringement of the law becomes known to us, we will immediately remove the link in question.