This website uses cookies to help us give you the best experience when you visit our website. By continuing to use this website, you consent to our use of these cookies. Find out more about how we use cookies and how to manage them by reading our cookie notice.

Terms of Use

Version 1.0 (28.06.2016)

General Terms

Please read these Terms very carefully, as they contain important information about your rights and obligations.

The Terms also provide guidance as to how and under what procedure any and all disputes and disagreements arising from the use of our services are settled.

The Rention system is maintained and owned by RENTION HOLDINGS LIMITED, registration number 10158068, registered office at Suite 16028, 43 Bedford Street, London, England, WC2E 9HA (hereinafter “Rention”).

Rention shall provide real estate management services described in more detail below.

Rention shall provide its services via its website(s) and mobile app.

AS YOU END THE REGISTRATION PROCESS AND/OR PRESS THE “REGISTER ME” BUTTON ON OUR WEBSITE OR MOBILE APP, YOU CONFIRM THAT 1. YOU HAVE READ, UNDERSTOOD, AND AGREE TO THESE TERMS; 2. YOU HAVE REACHED THE AGE WHICH ALLOWS YOU TO ASSUME LEGAL OBLIGATIONS AND ENTER INTO AN AGREEMENT WITH RENTION; 3. YOU ARE AUTHORISED TO ENTER INTO AGREEMENTS AND ASSUME OBLIGATIONS IN YOUR OWN NAME OR ON BEHALF OF ANOTHER PERSON WHICH ARE IMPOSED UPON YOU UNDER THESE TERMS. THE WORD “YOU’ MEANS BOTH AN INDIVIDUAL AND A LEGAL ENTITY WHICH CAN BE IDENTIFIED WHEN REGISTERING FOR OUR SERVICES. SHOULD YOU DISAGREE TO THESE TERMS, YOU WILL BE DENIED ACCESS TO THIS WEBSITE, THE MOBILE APP, AND THE USE OF RENTION SERVICES.

Definitions

"Content" means any text, graphic, picture, music, software and video which is available via this website, mobile app or any other services.

“Object” means any real estate (apartment, house etc.).

“Registration of object” means adding of real estate to the Rention database.

“User” means any individual or a legal entity which has registered for Rention services, as stated in the section “User registration”.

“Content of user profile” means any information or materials which the user posts, publishes, uploads, makes available to other persons, forwards or otherwise delivers to others via this website, mobile app or any other Rention services.

“Landlord” means any landlord which: 1. Has identified himself/herself as a landlord; 2. Is a person in favour of which the user instructs to transfer the rent; 3. Accepts payments from us or our payment processing service provider.

“Tenant” means any person which wishes to rent and/or rents the available real property.

“Service providers” means any third party which has entered into an agreement with Rention on the adding of its services to the Rention system.

Changes to the Terms

Rention has the right to make any changes or improvements to this website, mobile app or provided services, and to alter, supplement and amend these Terms at any time without prior warning. Should the changes affect these Terms, an update will be available on the website and mobile app. In the event of making any changes, the date when the Terms enter into force which appears above will also be changed. Should any significant changes be made to these Terms, we will send a version of the new Terms to your e-mail address which you have indicated during registration, provided you are a registered system user. In the case of new users any changes to these Terms shall enter into force immediately. As to other users, the changes shall enter into force not earlier than 30 days upon their publication and sending of information about changes to users. Rention may request your consent to the new terms prior to further use of the website, mobile app or any other services. Should you disagree to the made changes, you shall stop using the website, mobile app or any other services. Otherwise it shall automatically be considered that you have read, understood and agreed to the changes made.

PLEASE CHECK THIS SECTION REGULARLY IN ORDER TO BE INFORMED OF THE LATEST VERSION OF THESE TERMS.

Services and their use

Rention shall ensure that its clients have a possibility to add their pieces of real estate to the database, as well as alter the information of the object later, if necessary. It is responsibility of an owner of the object to ensure that this information is true. Rention shall retain the right to edit, delete or otherwise make information about the object unavailable to any third parties, if this information is inappropriate and/or may harm the interests of other persons.

Rention shall ensure a possibility to add a tenant to the relevant object, if applicable. In order to register a tenant of the object, it is required to provide all information which is requested in the specific section on the website.

Rention shall ensure that service providers receive meter readings on the basis of the information provided by the user. Rention shall not be responsible for the correctness of readings and assumes no responsibility for consequences which may arise if the user has submitted incorrect information about meter readings.

The owner of the object shall have a possibility to issue and send invoices to tenants. A person issuing an invoice shall be responsible for the information contained in the invoice.

Rention shall ensure a possibility for tenants to receive invoices from the owner of the object.

Rention shall ensure a possibility to connect new services provided by third parties to the object, as well as disconnect these services, make changes to the scope of a service etc.

Rention shall ensure a possibility to pay the issued invoices in its system. Commission may be charged for the payment of invoices as stipulated when making payments.

Rention may ensure a possibility to make automatic payments for the rent of the object and services provided by any third parties. Such payments shall be made each month on the same date and for the amount which the user has indicated in his/her profile and/or according to the amount specified in the invoice issued by the third party. An entity providing these services shall be responsible for the correctness and appropriateness of the payment amount, and Rention shall be released from any responsibility for these invoices and their payment. Commission may be charged for payment processing as stipulated separately when making payments.

Payment processing for Rention shall be conducted by "Paysera LT" UAB (www.paysera.com).

Rention is entitled to open an international account on your behalf at Paysera, as well as carry out all activities necessary for managing settings to make payments in the Rention system.

When authorising payments through our service, you shall be aware and agree that "Paysera LT" UAB may provide Rention with information about your account balance, as well as your account number at PaySera.

When authorising payments with the Paysera payment card, you shall be aware and agree that Rention may request a payment institution to make payments for services in the Rention system on your behalf.

RENTION SHALL NOT BE A PAYMENT INSTITUTION AND ALL PAYMENTS SHALL BE MADE THROUGH A SERVICE PROVIDED BY A THIRD PARTY UNDER THE TERMS WHICH HAVE BEEN DEVELOPED BY A SERVICE PROVIDER.

ALL TAX PAYMENTS, AND FEE PAYMENTS IMPOSED BY ANOTHER STATE SHALL BE YOUR RESPONSIBILITY AND SHALL BE MADE INDEPENDENTLY. RENTION SHALL NOT COLLECT TAXES OR MAKE TAX PAYMENTS TO THE STATE AND/OR MUNICIPAL BUDGET ON YOUR BEHALF.

Rention shall assume no responsibility for any services provided by third parties. Any and all services provided by third parties and their terms of use shall be stipulated in the agreement between a client and a service provider directly without involving Rention. Rention shall and will not be a party to any agreements or contracts entered into between a Rention user and a service provider.

User registration

In order to gain full access to Rention services, you must be a registered user and create your own profile. You may register as a user on this website or mobile app. You may also register using social networks maintained by third parties (including but not limited to Facebook, LinkedIn, Twitter). If using your social network profiles for registration, you shall be aware that Rention may access all information that you have posted on the specific social network.

We shall create your Rention user account on the basis of the information you have submitted or allowed us to access on social networks.

You shall not have more than one active Rention user account.

You shall agree to provide correct, true and complete information when registering for Rention services, as well as undertake to update this information if it has changed. Rention has the right to suspend your user account and deny you access to this website, mobile app or any other Rention services, if you have more than one active user account or you have indicated incorrect, outdated or incomplete information during the registration process.

You shall be responsible for the safety of your password. You shall undertake not to disclose your password to any third parties and assume full responsibility for cases when you have handed over your user information to another person, irrespective of whether you have authorised this person to access your Rention user profile or not. You shall undertake to immediately inform Rention in the case of unauthorised access to your user profile.

Standard agreements

Rention may offer you samples of different standard agreements which you may use in order to rent out your estate. As a landlord you shall agree that Rention assumes no responsibility for the compliance of such agreements with your needs, accuracy of their content and compliance with the truth and law.

WE RECOMMEND THAT YOU CONSULT WITH YOUR LAWYER PRIOR TO USING ANY STANDARD AGREEMENTS. RENTION SHALL NOT ASSESS THE COMPLIANCE OF ANY AGREEMENT WITH ANY CIRCUMSTANCES OR LAWS, AS WELL AS NOT PROVIDE ANY LEGAL CONSULTATIONS AND RECOMMENDATIONS WITH REGARD TO AGREEMENTS.

Force majeure

PROVISION OF ANY SERVICE MAY BE DELAYED OR CANCELLED WHERE THIS DELAY OR CANCELLATION IS CAUSED BY FORCE MAJEURE WHICH MAY NOT HAVE BEEN FORECAST, CONTROLLED OR PREVENTED AND, FOR WHICH THE SERVICE PROVIDER IS NOT LIABLE. FORCE MAJEURE SHALL CONSTITUTE ACTS OF GOD, FIRES, WARS, CIVIL UNREST, STRIKES, RIOTS, EPIDEMICS, EMBARGOS, DISCONTINUATION OF ENERGY SUPPLY, GOVERNMENTAL DECISIONS AND SIMILAR CIRCUMSTANCES THAT ARE BEYOND THE CONTROL OF THE PARTIES. IN THE EVENT OF FORCE MAJEURE, THE AFFECTED PARTY SHALL IMMEDIATELY INFORM THE OTHER PARTY.

Any disagreements between Rention and you as a user shall be settled through mutual negotiation. Should it be impossible to reach an agreement through negotiation, the parties shall be entitled to refer this disagreement to a Latvian court under the existing Latvian law.