BitOfProperty OÜ (12844051)
Narva mnt 7b, room 515
Tallinn, Estonia, 10117
BitOfProperty Pte Ltd (201718544E)
36 Purvis street, #02-08
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Add Property to Sell
BitOfProperty OÜ (12844051)
Narva mnt 7b, room 515
Tallinn, Estonia, 10117
BitOfProperty Pte Ltd (201718544E)
36 Purvis street, #02-08
Back to Top
1. General principles of processing of personal data
1.1. BitOfProperty as portal operator (“portal operator”) processes investor's personal data fairly, in a manner and to the extent provided for by the law.
1.2. The portal operator and its employees apply all diligence and security measures required by the law at processing investor's personal data to ensure only that it is only done for a purpose and to protect investor's personal data against inadvertent or unauthorised use, disclosure or destruction.
1.3. The portal operator enables access to the investor's personal data only to a restricted number of its employees who agree to keep investor's personal data confidential based on the relevant agreements concerning keeping of professional secret entered into with them for the period of working in the portal operator's organisation as well as after termination of the employment relationship. The portal operator excludes access of the unauthorised third persons to investor's personal data and database of the portal operator containing such data.
1.4. Acknowledging the applicable legislations covering the data protection in Europe and Asia (including the General Data Protection Regulation in Europe), the portal operator shall ensure appropriate and lawful gathering, processing and storing the user data. Deriving from the inconsistencies of the regulations in Europe and Asia, the portal operator at its locations in Estonia and Singapore is processing the respective data accordingly, providing there is no unlawful sharing of the confidential information between the two entities.
2. The purpose of processing of personal data
2.1. The portal operator is permitted by the law for processing of the personal data. The portal operator excludes the improper processing of investor's personal data.
2.2. The portal operator processes the personal data with the goal to ensure the welfare of the investors, performing and assuring the accuracy of the contracts entered into with and/or between the investors and adhere to the requirements prescribed to the portal operator by the law.
2.3. The main goals of the portal operator in connection with processing the personal data of investors are as follows:
2.3.1. To ensure accurate and proper identification of the investor;
2.3.2. To assess the capability of the investor to perform immediately his or her financial obligations of the contracts;
2.3.3. To ensure immediate execution of the contractual financial duties;
2.3.4. To enable the portal operator to deliver to the investor the portal operator's products and related promotional materials and/or notices, also the products and/or promotional materials and/or notices of the persons belonging to the same Group with the portal operator or third party cooperation partners of the portal operator if the investor has given his or her prior consent to the portal operator; and
2.3.5. To analyse the investor satisfaction and preferences towards the products and services of the portal operator to assure more effective product and service development and marketing activities.
2.4. The portal operator is entitled to process investor's personal data also for other purposes, if they are necessary for the performance of the obligations required by the law or if such goals are justified for the performance of the contracts entered into with and/or between the investors.
3. Personal data and their processing
3.1. The processor of the personal data within Europe will be the portal operator with the following contact information:
Registration Number: 12844051
Address: Vabriku 31-5, 10411, Tallinn, Estonia
3.3. The collection, recording, retention, arrangement, use, amending, delivering, disclosure and deleting of investor's personal data by the portal operator is deemed as processing of the personal data, but also other processing activities of personal data provided by the law.
3.4. The portal operator keeps the database about the investors' personal data and other information which primarily reflect the following personal data of the investors:
- First name and surname
- Personal identification code
- Date of birth
- Residence and/or location
- Communication means (phone, e-mail, etc)
- Communication language
- Bank account information
- Data of identity document
- Family-related information
- Education and work-related information
- Date of registration in the portal
- Financial data (including, but not limited to, the information about income, debts and earlier payment behaviour and information about related persons of the investor).
- Other information the investor has delivered to the portal operator, or which the portal operator has collected at its own initiative from public sources and sources permitted by law (media and Internet).
- Information about the contracts of the investor entered into via the portal and payment behaviour of the investor based on these contracts.
3.5. The portal operator may reflect also other investor related information in the investor database if there is a justified need for it regarding the performance of the contracts and if processing of such data does not contradict the applicable law.
3.6. The moment the investor has registered himself or herself as the investor of BitOfProperty is deemed as giving consent by the investor to the portal operator to process personal data (including transfer and disclosure of investor's personal data to the extent prescribed in clause 4 of these terms and conditions) described in these terms and conditions.
4. Transfer and disclosure of personal data
4.1. The portal operator is entitled to transfer investor's personal data primarily to:
4.1.1. Credit institutions for identification of the investor;
4.1.2. Persons whose economic or professional activity includes the provision of service of collection of debts and other related (financial) services for collection of contractual debt(s) of the investor;
4.1.3. Persons to whom the portal operator is obliged to transfer investor's personal data based on then applicable law; and
4.1.4. Persons providing the accounting services to the portal operator, also the persons providing legal assistance regarding the contracts entered into with or between the investors.
4.2. The portal operator is entitled to transfer investor's personal data to third persons in the situations not described in clause 4.1 of these terms and conditions only when there is justified interest for ensuring the performance of the contracts entered into with or between the investors. Transfer of such information to third persons shall not contradict the applicable law.
4.3. If the investor has separately given such consent to the portal operator, the portal operator is entitled to transfer investor's personal data (primarily the investor's name and e-mail address) to the persons to whom the portal operator has assigned a duty to market and promote portal operator's products to the investor.
4.4. Based on the contracts entered into/to be entered into, the portal operator agrees to oblige all third persons to who investor's personal data are transferred for the purposes described in this chapter (4) that they process investor's personal data only and exclusively for the purposes prescribed in this chapter (4).
5. Investor rights and obligations in connection with processing of the personal data
5.1. The investor agrees to transfer to the portal operator the required personal data described in these terms and conditions, which must be correct, valid and complete.
5.2. The investor agrees to inform the portal operator immediately about the changes in his or her personal data, including incorrectness or invalidity of personal data by delivering the portal operator the correct and valid personal data to replace the incorrect and/or invalid information.
5.3. The investor shall be fully responsible for his or her correct and valid personal data during the whole period of use of BitOfProperty.
5.4. The investor is entitled to demand information from the portal operator at any time about the personal data collected by the portal operator about him or her, also about the persons to whom the portal operator has delivered the investor's personal data. For that, the investor submits relevant application in a format which can be reproduced in writing to the portal operator. The portal operator performs the application within five (5) working days from receiving the application from the investor. The portal operator is entitled to refuse from transfer of the above specified information in cases and extent provided by the applicable law.
5.5. The investor is entitled to demand finishing of processing of the personal data from the portal operator, and the portal operator is obliged to finish processing of investor's personal data if the investor has duly performed all obligations of the contracts entered into with the portal operator and/or another investor and the investor's contracts entered into with the portal operator and/or other investor are terminated.
5.6. Despite the provisions of clause 5.5 of these terms and conditions, the investor is entitled to demand at any time finishing of processing of investor's personal data from the portal operator for the purposes described in clause 4.3 of these terms and conditions.
This Terms and Conditions document, in conjunction with the “Investment Agreement” hereby, sets out the terms and conditions, which are applicable to the Investments transferred or to be transferred to BitOfProperty OÜ’s (“BitOfProperty”) internet platform, as defined below, for the purpose of making the Investment set out in these Terms and Conditions.
By registering on BitOfProperty website www.BitOfProperty.com, you confirm your agreement to be bound by these Terms and Conditions. If you do not agree to these Terms and Conditions, you cannot enter into any Investment Agreement offered by BitOfProperty on its website www.BitOfProperty.com. These Terms and Conditions expressly supersede any prior agreements or arrangements with you. BitOfProperty may immediately terminate these Terms and Conditions with respect to you, or generally cease offering or deny access to the platform or any portion thereof, at any time for any reason set forth in these Terms and Conditions.
IMPORTANT: Please review the arbitration agreement set forth below carefully, as it will require you to resolve disputes with BitOfProperty on an individual basis through final and binding arbitration. By entering into this Investment Agreement, you expressly acknowledge that you have read and understand all of the Terms and Conditions read in conjunction of this Investment Agreement and have taken time to consider the consequences of this important decision.
The contents of the Investment Agreement and these Terms and Conditions are not intended to be construed as legal, financial or tax advice. Each eligible Investor should consult with a legal, financial and/or tax advisor from their behalf. In case of doubt about the contents of the following Investment Agreement, these Terms and Conditions or subsequent action subject to be taken upon by an Investor, the Investor should consult with a person specialized in advising on the provision of investments.
Investor (name as stated on the login account on BitOfProperty website www.BitOfProperty.com)
and BitOfProperty OÜ (registry code: 12844051)
Principal investment terms: The Terms and Conditions are available below the Investment Agreement
Investment Currency: EUR
Arrangement Fee: 2-4% of the Acquisition Amount.
Secuity Arrangement Fee: EUR 300. Fee paid to the Security Agent for the provision of Security Agent services by the Security Agent under the Security Agent Agreement, plus notary and state fees for setting up the Security to secure the interests of Investors.
Administration Fee: 10% of the administrative costs related to each real estate property acquired and managed by the SPV.
Success Fee: 15% of the Investment capital gain. Success Fee is paid to BitOfProperty OÜ at the exit.
In case of real estate property in Estonia: Estonian private limited company LMP Security Agent OÜ (registry code 14461928, address Soola tn 8, Tartu, 51013, Estonia) established and solely owned by Advokaadibüroo LMP OÜ (registry code: 12045166).
Management Board: The management board members overseeing the Investment Agreement are representatives of BitOfProperty OÜ.
Shareholders: 100% shares must be owned by BitOfProperty OÜ.
Upon the commencement of the funding target shown in the relevant Investment on BitOfProperty portal, the Investment Agreement between the Investor and BitOfProperty shall be transferred over to a Special Purpose Vehicle (“SPV”), which assumes the investment obligations described in these Terms and Conditions. Subsequently, the Investment Agreement herein shall remain in force in its entirety between the Investor and the SPV, whereas SPV shall be the owner of the property the Investor has given consent to invest into under this Investment Agreement and Terms and Conditions. BitOfProperty continues to provide its services as the Portal Operator to the Investor and SPV through its website www.BitOfProperty.com.
Applicable Terms and Conditions: The Terms and Conditions below are applied to each Investment. In addition, the Terms and Conditions set out in the Investment Request apply to provision and disbursement of the Investment.
Inconsistencies: In the event of any inconsistency between the provisions of the Investment Agreement and these Terms and Conditions, the Investment Agreement shall prevail.
Binding consent treated as a signature given by the Investor by registering and identifying oneself on the BitOfProperty website www.BitOfProperty.com, subsequently by ‘ticking the box’ indicating the agreement to comply with the Terms and Conditions hereby.
Terms and Conditions
Unless the context and the law provide otherwise, the rules and principles described in this section (Interpretation and definitions) shall be used in the interpretation of the Investment Agreement and these Terms and Conditions, as well as other information published via BitOfProperty.
These BitOfProperty Terms and Conditions regulate the terms and conditions of the use of applications and functional units located on a public computer network at address www.bitofproperty.com and its sub-pages or at web pages within the same administrative domain ('BitOfProperty' or 'portal'), including rights and obligations related to the use of BitOfProperty by a person having expressed the wish to become the Investor. Inter alia, the relevant rights and obligations comprise the rules that apply to the interrelations of the Investors as between themselves as well as their relationship with the Portal Operator and with the Security Agent.
The aim of BitOfProperty is to enable the Investors to use its technical solutions by the means of joint venture investments for the purposes of co-funding the acquisition of real estate on the principle of crowdinvesting through a blockchain platform. In order to contribute in the joint venture, the Investor wishing to invest must enter into an Investment Agreement, in accordance with the procedure established in these Terms and Conditions. The relevant Investment Agreement constitutes a separate agreement between the Portal Operator and the Investor for the purposes of investment capital available for contribution, under the rights and obligations of which are performed, inter alia, with the specifications and restrictions based on these Terms and Conditions. These Terms and Conditions are considered as an investment agreement for the purposes of real estate crowdinvesting.
BitOfProperty cooperates with Investors who have registered as Investors of the portal. The Investor fee for participation in the crowdinvesting offered by BitOfProperty is included in fees indicated in section 14.