These Terms and Conditions for the Use of My.Reitiscapital.com Platform reflect the way Services offered by the Reitis Capital and authorise the legal relations between the registered Users of the Platform and Services provided by the Reitis Capital, arising from the usage of My.Reitiscapital.com Platform.
2. About Reitis Capital OU and the Services
2.1. Reitis Capital OU was incorporated in Estonia with company number 14952827 and its registered office at Pärnu mnt.139c, Tallinn, 11317, Estonia.
2.2. Services provided by the Platform:
2.2.1. The My.ReitisCapital.com Platform offers its Users the opportunity to invest in premium real estate projects developed by the Reitis Capital Group of Companies. The investment in the form of a secured loan or NFTs generates a variable annual interest of 7-25%.
2.2.2. Registered User can keep the investment in fiat currency or convert the investment into a digital asset (token). With the Reitis tokens created using an in-house Reitis Ledger technology, we offer total transparency on the invested capital and high liquidity to real estate investment.
2.2.3. Through the digitalisation of Reitis Capital’s actual construction and real estate development business, we have designed unique products (tools) for global investors, except those where security tokens are banned or restricted. As a result, we offer Fractional Property Ownership (FPO) and Passive Income Investment Plan (PIIP) to all crowd (non-accredited) and accredited investors.
2.2.4. The Platform’s Users can also become Customers and buy, at promotional prices, premium apartments built by the Company.
3. Use of My.Reitiscapital.com Platform
3.1. To use the services offered by My.Reitiscapital.com Platform, it is necessary to register as a Platform User following these Terms and Conditions.
3.2. Once registered, the User accepts the following:
3.2.1. Only use the Platform under these Terms and Conditions;
3.2.2. The User must be responsible for securing his computer and assets;
3.2.3. The User must provide My.Reitiscapital.com Platform with accurate information and keep it updated;
3.2.4. Do not make unauthorised alterations or introduce any malicious code to the Website or Platform by any means;
3.2.5. Do not disguise or interfere in any way with the IP address of the computer the User accesses the website or otherwise prevent us from correctly identifying the actual IP address of the computer the User is using whilst accessing the Website and Platform;
3.2.6. Do not use the Platform for any unlawful purpose, including any fraudulent exploit;
3.2.7. Do not use bots, gaming algorithms or other automated methods to access or engage with the Website or Platform;
3.2.8. Do not use the Website or Platform to simulate communications from us or another service or entity to collect identity information, authentication credentials or other information; and,
3.2.9. Do not use the Website or Platform in any manner that disrupts their operation or causes it to fail.
4. User’s Account
4.1. To use My.Reitiscapital.com Platform, a person must register a User account in his/her name. A person applying for registration of a User Account must submit to the Platform Operator all information that the Platform Operator requests. The Platform Operator has the right to refuse to open a User Account.
4.2. By commencing the use of My.Reitiscapital.com Platform, the User confirms to have read the Terms and Conditions, understood them, and agreed to them.
4.3. The Platform reserves the right to amend or supplement the Terms and Conditions or lay down additional conditions. These amendments and supplementations shall enter into force from the moment when the User has agreed with the new Terms and Conditions via My.Reitiscapital.com Platform.
4.4. Upon registering a User Account, a person enters their contact information and other data required by My.Reitiscapital.com Service Provider into the respective environment and selects a unique User’s password.
4.5. To enter My.Reitiscapital.com Platform, a User is required to enter their username (email) and password.
4.6. To submit contracts/agreements and give approvals that bear legal consequences, the Service Provider may request the verification of the User’s signature via ID card, Mobile-ID, bank link or mobile communication or any other authentication method.
5. Reitis Capital Clients
5.1. Reitis Capital platform embraces two types of Users:
– The Investor (Investor status), including Reitis Business Associate (RBA) who must become an investor first;
– The Buyer (Customer status).
5.1.1 Investor’s Status
The User has two option to invest with: (a) debt contract, which means he/she receives variable annual interest of 7-25% paid quarterly, through iREIT security token; (b) invests in fractional properties by acquiring NFTs (non-fungible tokens), which can be acquired with xREI utility token and other fiat and crypto currencies.
5.1.2. Customer’s Status
The home buyer (Final User) is the one who buys a property for his use, which he retains for himself or rents. The buyer can purchase properties at a promotional price or, of course, at the actual price displayed when purchasing the property.
5.1.3. Change of Status
A Reitis Capital User can change his status from Investor to Final Customer. Suppose the investor wants to permanently buy a particular property (valid only for buildings intended for sale); in that case, the User changes his status and becomes the final Customer. In this case, his/her initial investment no longer generates interest.
6. Reitis Wallet – The Digitalization of Real Estate Business
6.1. As the Reitis token has eight decimals, so any fraction of it can be purchased on the secondary market, the real estate market, thus becoming an extremely liquid one.
6.2. In exchange for the amount invested, the Users receive digital assets (Reitis tokens). The advantages of converting the investment into Reitis tokens are the following:
6.2.1. The User can redeem the invested amount by selling tokens on the secondary market before the 2-year term (principal retention period).
6.2.2. The User takes advantage of increasing the token’s value on the exchanges (secondary market) where it is listed.
6.3. Reitis Web Wallet is a user-friendly software wallet, accessible on PC and smartphone, with the following main features:
6.3.1. Interacts with Reitis Blockchain to enable users to send and receive Reitis tokens;
6.3.2. Monitors User’s investment balances and shows statistics;
6.3.3. Encrypted and personalised private keys;
6.3.4. Enabling 2-Factor Authentication (2FA) for PC and cell phone;
6.4. Reitis Wallet Use and Security is very IMPORTANT to the entire Reitis Community. Thus we enhance the best security practices.
6.5. If Reitis User has chosen to invest through the digital asset version via tokens (not the traditional crowdfunding), to generate stake, to protect assets, the User must complete the following steps:
6.5.1. Create an account on https://wallet.reitiscapital.com
6.5.2. Login on https://wallet.reitiscapital.com
6.5.3. Secure the web wallet by activating 2-factor authentication.
6.5.4. Click on Support and make a note of your Key. It will be used to help identify you if you ever forget your password. This code also changes every time you change your password. Support Key will appear at the top left of the screen (above Reitis Wallet).
6.5.5. After logging in, click on the “Get a new address” button.
6.5.6. Download and install the wallet (Windows version) on your desktop or laptop.
6.5.7. To be able to make a stake (interest), you must transfer the coins from the online account (web wallet) to the wallet on your PC / Laptop. To do this, after you have installed the wallet, enter the “Receive Coins” menu and copy your address.
6.5.8. Insert the Reitis address (previously copied from the wallet on the PC) into the Reitis account (web wallet) in the “Send Funds” field. Select the number of tokens you want to transfer, then click the “Send” button.
6.6. For increased security, we recommend encrypting the wallet with a strong password consisting of at least 7-8 characters, containing numbers, at least one capital letter and at least one unique character (for example, the “&” character or “#”).
6.7. To prevent accidental loss of coins, we recommend that you back up the wallet.dat file. To do this, in the File menu, click on the “Backup Wallet” submenu. Select a safe location (even an external, offline source: memory stick, portable HDD, etc.).
6.8. We recommend using hardware storage or “cold storage”, a feature where User can keep their private keys on an offline device and use an “eyes-only” type wallet when online.
6.9. For total transparency, the smart contract (with all transactions and the digital version of this agreement) is registered on Reitis Explorer: https://explorer.reitiscapital.com/ and on other network validators, as anyone can see on the User’s dashboard.
6.10. After two years from the signing of the contract, Reitis Capital redeems the digital asset contracted by the User.
6.11. The User can sell the Reitis token contractually before two years or after this period on the secondary markets (exchanges) where the Reitis token is listed at the actual price on that market. The User decides whether to sell tokens back to Reitis Capital or sell them on that public market.
6.12. The contract is declared cancelled when the User sells legally the number of tokens – related to that contract – to a third person or institution.
6.13. The 7-25% interest rate, guaranteed by the contract, is generated by the Reitis digital asset (token) in the desktop wallet (wallet on PC or laptop). To take immediate possession of the amounts obtained from the interest, the User can sell tokens to secondary markets each trimester.
6.14. Any attempt at double-spending of principal and interest generated by the Reitis digital asset will be sanctioned according to article 10 from the contract or these terms).
6.15. VERY IMPORTANT! A token is a digital asset, so the keys are yours, and you must take high care of them! In the following situations, the User cannot request the redemption of Reitis tokens from Reitis Capital:
6.15.1. Have sent tokens from web wallet to desktop (PC or laptop) and have forgotten/lost the wallet password;
6.15.2. If he changed his password on the desktop wallet (on the PC/laptop) and forgot it;
6.15.3. Have sent tokens from the wallet to a third party (friend, collaborator, business partner, etc.);
6.15.4. If the User lost laptop, or the hard disk with installed wallet was damaged, and he/she didn’t make a backup;
6.15.5. If the withdrawal address was wrong, when sending tokens from web wallet to desktop wallet, that transaction will be rejected, and those tokens will remain in a state of conflict.
6.15.6. If it tries to send tokens to an address in an exchange where Reitis token is not listed;
6.16. In some cases, if the desktop wallet is out of sync (if a firewall or antivirus is installed) and you try to send tokens, it will give an error (the wallet will interpret that you want to double spending). The Team can solve this issue if you contact us by email or on the Support page.
7. Development Stages and Investment Process
7.1. Reitis Capital Users can invest in one of the four stages of project development. Each stage has its peculiarities and is described below.
7.1.1. First Stage Developments – The Land Acquisition
In this stage, we list lands on which we will construct different buildings, depending on the characteristics of the respective area. If the amount is collected on time, the project moves to the second stage.
7.1.2. Second Stage Developments – Planning & Design
For investing here, Users get not the square meters but the equivalent in tokens of square meters of the planned, designed, and built building on the designated land.
7.1.3. Third Stage Developments – Construction & Renovation
For investing here, Users get the equivalent in tokens of square meters of the building, which is in construction or renovation.
7.1.4. Fourth Stage of Developments – Rent
For investing on the Platform, Users get the equivalent in tokens of square meters of the existing apartment/house for rent.
7.1.5. Reitis Capital reserves the right to sell the properties from the inheritance at any time, at which point it returns the amount invested by the User plus the contractual interest. After the property is sold and the Users receive the invested amount, the guarantee for square meters related to the invested amount has ended. The amount returned to the User can be reinvested in another active project listed on the my.reitiscapital.com platform.
7.1.6. In the description of the listed projects, you will find the number of the stage in which a specific development project is. From the list of active projects, the User can choose a project to invest in. At the details of the project, the User can select the “invest” button through which he/she will be transferred to a new page for choosing the payment methods and the amount to invest.
7.2. Reitis Capital retains the amounts invested by the Users for two years, during which the real estate projects are developed. Under the law, the investor may assign (transfer) the contract to another person, knowingly and with the consent of Reitis, before the retention period of two years.
8. Fees and Expenses
8.1. The User shall pay expenses and fees related to using the My.Reitiscapital.com according to the price list. Fees and costs from the price list will be withheld without additional authorisation from the User.
8.2. Unless stated otherwise in the principal loan terms, the User undertakes to pay the following fees to the Platform Service Provider:
8.2.1. Fees according to the Loan Agreement, the agreement, and other agreements;
8.2.2. All costs related to the conclusion of Loan, mortgage, and pledge agreements (incl. registration of pledges or mortgages);
8.3. Price list (Costs):
8.3.1. Account management fee: 0.00 EUR
8.3.2. Making an investment: 0.00 EUR
8.3.3. Contract fee: 0.00 EUR
8.3.4. Bank transfer: According to the pricing of service provider.
9.1. Through the Platform, from the personal account, the User can execute transactions. All payment methods available to the Customer are easy to use and have training lessons (text or video).
9.2. The Customer may transfer funds to Reitis Capital OU only from a bank account or an authorised credit or payment institution registered in the Customer’s name. The bank must be registered or operates in a state where measures have been implemented to prevent money laundering and terrorist financing. In case a transfer has been made to Reitis Capital from a bank account that does not belong to the respective Customer or does not meet other conditions, Reitis Capital will have the right to transfer the amount back to the person who made the transfer and ask the Customer to reimburse the expenses related to payment (automatically deducting them from the Customer’s account).
9.3. After the transaction is verified by the Platform Operators, and it is found that it corresponds to the terms and conditions, the investment is accepted, and it is registered in the personal account of the User. The process can take up to a few days (1 to 5), depending on the payment method chosen by the Customer.
9.4. The Operator of the My.RetisCapital.com platform will have the right to request documents confirming the conformity of the bank account from which the transfer is made.
9.5. Reitis Capital OU will make payments to the User only in the bank account registered by the User. The Customer has the right to request payments only in the bank account registered in the Customer’s name in a credit or authorised payment institution.
9.6. Reitis Capital has the right to refuse to make a payment to the bank account that does not belong to the User or meet other conditions imposed by these terms and conditions.
9.7. The User shall cover the transfer expenses for the transfers made by the User to the Reitis Capital OU. Costs related to the payments made by the Reitis Capital to the User and other expenses related to the payments made for the execution of transactions and activities by the User shall be reimbursed to the Reitis Capital by the User according to the price list established by the Reitis Capital. Reitis Capital shall have the unilateral right to change the price list by publishing the new price list in My.ReitisCapital.com Platform at least 5 (five) working days before its entry into force.
9.8. If the User chooses to convert the investment into tokens or digital assets, Reitis Capital makes payments to Users only according to articles 6.11, 6.12.
10. General Rights and Obligations of the User
10.1. In addition to other obligations outlined in the Terms and Conditions, the User shall be obliged:
10.1.1. Not to use My.Reitiscapital.com Platform for illegal transactions or activities, including fraud, money laundering, terrorist financing or other similar activities;
10.1.2. To use My.Reitiscapital.com Platform through web browsers intended for general purposes. It is forbidden to use, including but not limited to, robots, spiders, scrapers and other automatic data entry and processing devices;
10.1.3. To submit only truthful data and information upon registering the User Account. The User shall be liable for the damages caused by the violation of the obligation set forth herein concerning My.ReitisCapital.com Platform and other Users. My.ReitisCapital.com Platform does not verify the correctness of the information submitted by the Users and shall not take any responsibility for the correctness and truthfulness of the data submitted by the Users;
10.1.4. To safeguard the data and devices necessary for logging in to the User Account of My.ReitisCapital.com Platform, including the ID card, respective passwords, User IDs, and authentication devices in a manner that prevents third parties from gaining possession of them. However, if a third party enters My.ReitisCapital.com Platform through User Account, any and all provisions arising from the Terms and Conditions shall apply;
10.1.5. To inform My.Reitiscapital.com Platform immediately about the risk of unauthorised use of the User Account that may occur;
10.1.6. To inform My.Reitiscapital.com Platform as soon as possible of any changes in the data submitted upon opening the User Account.
10.2. In addition to other rights outlined in the Terms and Conditions, a registered User shall have the right to:
10.2.1. Use the functionalities of My.Reitiscapital.com Platform if the User complies with the requirements established for using the specific functionality;
10.2.2. Review the User data saved by My.ReitisCapital.com Platform, amend such data, and request the Platform to cease processing.
10.3. The User cannot sell the same token asset elsewhere (on an exchange or another person) and, at the same time, to Reitis Capital. This fact is classified as a double-spending attempt and attracts a penalty equal to the amount claimed by the User to multiply by 10 (ten).
11. Reitis Business Associate
11.1. The Reitis Business Associate (RBA) program is based on recommendation and a minimum amount of €50 on the Platform. To benefit from someone’s recommendation, the User must have a partner code found in the User’s account on the Platform after the User invests in one of the listed active real estate development projects listed on the Platform.
11.2. When someone registers on the Platform with a partner code and makes an investment, the User immediately receives a commission in reward tokens. The amount of reward tokens received by a RBA is as stated in the whitepaper of Reitis.
12. Collection and Use of Your Data
12.2. A User, who is a private person, has the right to withdraw their consent for processing personal data at any time. The person may request the cessation of processing the personal data, terminate the access to the data and request deletion or closing of the collected personal data. This is possible if the User has no ongoing agreement on the Platform and no valid agreement concluded via the Platform and provided that the legal acts do not oblige the Platform Service Provider to save data. Upon withdrawing the consent to process personal data, the respective User Account shall be closed.
13. Intellectual Property
13.1. Any and all intellectual property rights to My.Reitiscapital.com Platform, including the structure, web design elements, texts and other components of My.Reitiscapital.com Platform, and the intellectual property rights related to them (including the intellectual property rights to trademarks, logos, brands, software, databases, news, messages, texts, graphic, musicals and other design) belong to My.Reitiscapital.com Platform, unless the rights of another person are referred to with regard to a component, or information has been entered by the Users of My.Reitiscapital.com Platform. Users shall not be allowed to change, reproduce, disseminate, process, translate, make extracts from, forward, include in other databases or make public My.Reitiscapital.com Platform or any of its contents or components or use it in any other manner that is beyond the intended purposes of My.Reitiscapital.com Platform without the prior written consent of My.Reitiscapital.com Platform. The Resources published on the User’s dashboard can be used for marketing purposes without written consent.
13.2. The User shall not be allowed to grant sub-licenses for using My.Reitiscapital.com Platform or any of its contents or components or create new objects of intellectual property based on them.
13.3. The Users are allowed to publish only such material in My.Reitiscapital.com Platform for which they have intellectual property rights to the extent that is necessary for publishing or marketing the respective materials in My.Reitiscapital.com Platform. A User shall be fully responsible for the materials posted in My.Reitiscapital.com Platform by them.
13.4. With the publishing of any material in My.Reitiscapital.com Platform, the User shall give their unconditional and unrestricted consent to My.Reitiscapital.com Platform to store, disseminate and publish such material by the Terms and Conditions and to change or process in any other manner to the extent that is necessary for the intended use of My.Reitiscapital.com Platform.
14.1. Among others, My.Reitiscapital.com Platform is not liable for:
14.1.1. The scope, content, suitability and enforceability of contracts and other legal documents used in the Platform, including those used for the carrying out of transactions through My.Reitiscapital.com Platform.
14.1.2. Any bugs or disruptions that occur in My.Reitiscapital.com Platform or amendments made in My.Reitiscapital.com Platform or the consequences of termination of the operation of My.Reitiscapital.com Platform.
14.1.3. Any circumstances that derive from or depend on the identity of a User.
14.1.4. Any non-patrimonial damages, loss of profit or other indirect losses, or other damages caused by its conduct other than intentional misconduct.
14.2. My.Reitiscapital.com Platform shall not be liable to other Users or third parties if a User violates an obligation outlined in the Terms and Conditions; any additional agreement concluded with My.Reitiscapital.com Platform, legal act or contract concluded between Users.
14.3. If a User causes damages to My.Reitiscapital.com Platform by violating any of the obligations, the User shall be obliged to fully compensate the respective damages to My.Reitiscapital.com Platform at the first request.
14.4. My.Reitiscapital.com Platform shall not be liable for the damages that were caused to a User or third parties in relation to the fact that My.Reitiscapital.com Platform used their legal remedies (e.g. removed information from My.Reitiscapital.com Platform or limited access to it, limited or restricted User’s access to their User Account or My.Reitiscapital.com Platform).
14.5. My.Reitiscapital.com Platform shall not be liable for the temporary interruption in the access to My.Reitiscapital.com Platform or its functionality.
14.6. My.Reitiscapital.com Platform shall be liable only for the direct patrimonial damages to the User caused by violation of the obligations of My.Reitiscapital.com Platform due to gross negligence or intent. Other injuries or loss of profit shall not be subject to compensation.
15. Duration of Use of the Platform and Termination of Use
15.1. User Accounts in My.Reitiscapital.com Platform are opened without term. If a User has no Loan Agreement or any other valid agreements concluded via My.Reitiscapital.com Platform and User no longer wish to use My.Reitiscapital.com Platform, User can close the account without advance notice.
15.2. My.Reitiscapital.com Platform shall have the right to limit or cancel a User’s right to use My.Reitiscapital.com Platform and close a User Account, as well as to terminate an agreement concluded with a User at any time without advance notice if it appears that:
15.2.1. The User violates or has violated the Terms and Conditions or any other User obligations;
15.2.2. The User does not accept new Terms and Conditions upon first logging into My.Reitiscapital.com Platform after the new Terms and Conditions have been made available in My.Reitiscapital.com Platform;
15.2.3. The User has submitted to My.Reitiscapital.com Platform or other Users data and information that is incorrect, misleading, and inaccurate;
15.2.4. Upon using My.Reitiscapital.com Platform, the User behaves in bad faith, without dignity, illegally or in contradiction with the moral standards recognised in the society;
15.2.5. The User has not provided to My.Reitiscapital.com Platform the information that My.Reitiscapital.com Platform requires to identify User to carry out anti-money laundering and know-your-customer policies and procedures of My.Reitiscapital.com Platform and as required by law and within the deadlines stipulated by My.Reitiscapital.com Platform;
15.2.6. My.Reitiscapital.com Platform suspects money laundering, terrorism financing, or an attempt to do so, with the involvement of the User or the User Account;
15.2.7. The User is a person who is subject to international or national sanctions or is an affiliate of such person;
15.2.8. The User spreads false, misleading or offensive information about Reitis to the public or for other actions or omissions of the User that harm other users’ interests My.Reitiscapital.com Platform.
15.3. The Platform Service Provider may make changes in the Platform, including expanding, changing, or removing its functions, at its discretion at any time without asking permission of the Users or giving prior notice to the Users, and may terminate the operation of the Platform at its discretion at any time.
16. Sending Notices
16.1. Any notice under this agreement shall be in writing or by email.
16.2. The notices sent to the User’s email box shall be considered as received within 24 hours of email sending.
17. Other Conditions
17.1. Legislation of the Republic of Estonia (where the Company is registered) or Romania (where the Company operates) shall apply to My.Reitiscapital.com Platform in issues not regulated in the Terms and Conditions. If an article of the Terms and Conditions proves to be void due to contradicting the law, it shall not influence the validity of other articles.
17.2. Disagreements and disputes arising from the fulfilment of the Terms and Conditions shall be settled by the parties primarily through negotiations. If resolving disagreements through negotiations is impossible, the dispute shall be settled in the general court. If the User is a legal entity or a private person operating in its economic or professional activities, or a person who after commencing the use of My.Reitiscapital.com Platform has settled in a foreign state or whose place of business, residence or location at the time of filing an action is unknown, the competent institution for settling the dispute shall be only Estonia or Romania Court, where the companies involved have their headquarters and place of operation.