OurProperty Payments End User Agreement

This agreement is effective as of 1st July 2020

1. Payment Collection Services

Our Property Pty Ltd operates a property management platform utilised by Agents, Landlords, Tenants and Tradespersons within Australia. OurProperty Payments Pty Limited is a wholly owned subsidiary of OurProperty and is a licensed real estate agent (collectively referred to as “Our Property” of “we” or “Us”).

This End User Agreement applies to Users of the Platform, and includes Agents, Landlords, Tenants and Tradespersons (collectively ‘’You”)

We have agreed to collect monies for the Landlord and distribute monies in accordance with the Landlord’s instructions, in relation to transactions made via the OurProperty Platform.

In accordance with this End User Agreement (the ‘’Agreement’’), You authorise and instruct OurProperty to provide the following services:

2. Definitions

3. Your Information

You agree to provide the following information to OurProperty, so that OurProperty may verify Your Identity, so that it may provide the Collection Services:

  1. Full legal name;
  2. Email address;
  3. Current address;
  4. Month and year of birth;
  5. Bank account details; and
  6. Any other information which OurProperty may reasonably request.

A registered business will also need to provide the following information:

  1. Full business name;
  2. Business Address;
  3. Business ABN or ACN;
  4. Business phone;
  5. Full name and contact details of the Directors of your business; and
  6. Any other information which OurProperty may reasonably request.

OurProperty will collect, use, disclose and store your information in accordance with its Privacy Statement, in order to provide the Collection Services to You and verify Your Identity. You provide your consent to do so. Further information is also set out in our Privacy Statement below.

4. Privacy Statement

OurProperty is committed to complying with Our privacy law obligations.

OurProperty collects your personal information to provide the Collection Services. We usually collect Your information directly from You, however, there may be circumstances where we may also collect it from a third party such as the Platform or financial institution involved in the transaction or identity verification provider. If You don’t provide us with the information, We may not be able to provide the Collection Services to You.

Your information may be disclosed to a Third Party Provider to help us verify Your identity or provide the Collection Services to You. The Third Party Providers may be located overseas and may host or access your personal information.

Some of Our data is hosted by a service provider who currently backs up data to servers located overseas, in the USA.

OurProperty ensures that all of those who have access to your personal information, or to whom your personal information is disclosed, have appropriate security systems in place to prevent misuse, loss or unauthorised disclosure of Your personal information, in accordance with Australian Privacy Laws.

Your personal information may be used for other purposes such as providing information to Tradespersons and Consumers and direct marketing.

Our full Privacy Policy is available at www.ourproperty.com.au and contains information in relation to Your Information and how to make a complaint about a breach of the Privacy Act. You agree to be bound by the terms of the Privacy Policy.

5. Payment and Account Authorisation

The Landlord instructs OurProperty to receive, on its behalf, the payment in full or in part of Rent paid by the Tenant, less any fees or charges the Landlord has agreed to pay the OurProperty Platform. (the Rent).

The Landlord authorises OurProperty to, in accordance with the terms of this Agreement:

6. Funds Held for Your Benefit

OurProperty receives and holds Rent from the Tenant on the Landlord’s behalf, in trust for the Landlord, in Our regulated Trust account.

OurProperty distributes Rent to other accounts, for example, Tradespersons, in accordance with your instructions. OurProperty will also forward rental monies to the Landlord’s Account.

OurProperty holds the funds for the Landlord’s benefit in Our Trust account and distributes those monies only in accordance with the Landlord’s instructions.

OurProperty has sole discretion over the establishment and maintenance of its bank accounts.

7. Taxes

OurProperty will not be responsible for payment of any sales, use, personal property or other governmental tax or levy imposed in connection with any Transaction on the Platform.

8. Illegal and Prohibited Transactions

You agree You will not use the Collection Services for, or otherwise accept payments in connection with, any illegal activity or Prohibited Transactions.

9. Right to Refuse to Provide Services

OurProperty may refuse to provide Collection Services for You, if:

10. Transaction Funds Reversals, Refunds and Disputes

You acknowledge that a Transaction Funds Reversal, Refund or dispute made by any User of the Platform may result in a return of part or all of the monies from that Transaction to that User.

If a Transaction is disputed by a User (Agent, Landlord, Tenant or Tradesperson) of the Platform, or a Transaction Funds Reversal or Refund is being sought by a User, Our Property will not be responsible or liable for that Transaction and any associated fees or fines in respect of that Transaction.

The Parties (Agent, Landlord, Tenant, Tradesperson) agree:

11. Termination

OurProperty reserves the right to immediately terminate this Agreement at any time for any reason without prior notice to You.

You may terminate this Agreement at any time by notifying the OurProperty Platform of the termination of Your use of the Platform in accordance with the applicable terms governing Your use of the Platform.

Upon Termination:

12. Survival of Termination

The following clauses, and any other terms necessary to enforce the obligations in accordance with these clauses, as well as any other of Your remaining obligations shall survive the termination of this Agreement:

13. Dispute Resolution

You acknowledge that the payment industry and banking rules and regulations facilitate and determine any dispute in respect of any Transaction, Refund or Transaction Funds Reversals.

OurProperty will provide any information required by the payment industry and banking rules and regulations and is bound by the decision of the payment processer.

You agree to be bound by any applicable dispute resolution process required by any payment industry or banking rules and regulations appliable to the Transaction, Refund or Transaction Funds Reversals.

14. Liability

Without limiting clause 10, OurProperty or any of its Representatives will not be liable to You for any Losses arising out of or in connection with Your use of Our Collection Services.

If the limitation of liability in clause 10 is not enforceable for any reason, then, OurProperty’s maximum aggregate liability relating to any claim (or related claims) by You in connection with the Collection Services, will not exceed the aggregate amount of 100% of the Fees received in relation to the Transactions during the 12 month period preceding the date such claim(s) is/are made.

In no event shall OurProperty be liable for any lost profits, or any indirect, punitive, incidental, special, consequential, or exemplary damages arising out of, in connection with, or relating to the Collection Services.

15. Disclaimer of Warranty

The Collection Services are provided ‘’As Is” or ‘’As Available” and OurProperty makes no representations or warranties, express or implied, to You regarding the Collection Services, including without limitation, that the Services will meet Your requirements or that the Services or the OurProperty systems will be continuous and uninterrupted. OurProperty does not warrant in any way the legality of the Transaction, or Services.

In no event will Our Property Payments be liable for any act or omission of any third party including but not limited to You or Your financial institution, any payment system, any Third Party Provider, any provider of telecommunications services, internet access or computer equipment or software, any mail or delivery service or for any circumstances beyond Our Property’s control (including but not limited to fire, flood or other natural disaster, war, riot, strike, terrorism, act of civil or military authority, equipment failure, computer virus, infiltration or hacking by a third party or failure or interruption of electrical, telecommunications or other utility services).

16. Your Representation

You agree, and hereby represent and warrant, that:

Your use of Our Property’s Collection Services as well as Your Transactions mustcomply with the laws and regulations applicable to You and Your business.

17. General

a. Modifications to the Agreement.

Our Property reserves the right to update or modify this Agreement at any time with or without prior notice that OurProperty considers reasonable according to the nature and extent of the changes. Notice may include notice on our website or the Platform. Any use of our Collection Services after publication of such notice shall constitute Your acceptance of the modifications.

b. Governing Law

This Agreement will be construed in accordance with, and governed by the laws of Queensland Australia, without reference to their rules regarding conflicts of law.

c. Waiver

If one party waives any term or provision of this Agreement at any time, that waiver will only be effective for the specific instance and specific purpose for which the waiver was given. If either party fails to exercise or delays exercising any of its rights or remedies under this Agreement, that party retains the right to enforce that term or provision at a later time.

d. Severability

If any Court determines that any provision of this Agreement is invalid or unenforceable, any invalidity or unenforceability will affect only that provision and will not make any other provision of this Agreement invalid or unenforceable and such provision shall be modified, amended, or limited only to the extent necessary to render it valid and enforceable.