Last updated: February 13, 2023
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Square RIIT Limited, a private limited liability company duly incorporated in Nigeria with RC No 1906432 makes real estate opportunities available for its clients not limited to the members of Ceedvest (Lekki) Cooperative Multipurpose Society Limited, a cooperative society duly licensed under the Cooperative Society Laws of Lagos State with Registration No 17842 (“Ceedvest”, “we”, “our” or “us”) operates www.mysquareroof.com and the Squareroof Apps (“Platform”) with these Terms and Conditions (“Terms”) govern the access to use this platform. By using any of our Services, you agree to be bound by these Terms, the Privacy Policy, and all other operating rules, byelaws, policies, and procedures that may be published by us from time to time on this platform, each of which is incorporated by reference into these Terms. References in these Terms and Conditions to “you” (or such similar descriptions) are references to you as an individual or legal entity as the case may be.

1. User Requirement
1.1 The opportunities and services offered on this platform are in the first instance available to individuals who are at least eighteen (18) years old (as well as individuals who have attained the legal age in the jurisdiction of their domicile). However, we may through the Cooperative Society allow minors, through their guardians, to avail themselves of some of the opportunities that we list on this platform from time to time.

1.2 You represent and warrant that if you are an individual, you are at least eighteen (18) years old or have attained the legal age in your jurisdiction, that you are fully able and competent to enter into a legally binding agreement with us, as it relates to your access to and use of this platform, and that all registration information you submit is accurate and truthful.
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1.3 You agree that if you are seeking to benefit from the real estate opportunities on this platform on behalf of a company, a minor, or other legal entity, you represent and warrant that you have the authority to bind that entity to the terms of this Agreement.
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1.4 You agree to provide such registration data which will contain information about you as may be prompted by any registration form on this platform and to keep such data updated at all times.
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1.5 In the event that you are provided with or you choose to provide a user identification code, password, or any other piece of information as part of our security procedures, you agree to treat such information as confidential and not to disclose it to any third party. Furthermore, you agree that once you are granted access to the Platform, such access right is not transferable to any other person.
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1.6 You agree to comply with all local laws regarding online conduct and acceptable content publishable on this platform. You are responsible for all applicable taxes payable as a result of your activity on this platform.

2. Co-ownership Terms
2.1 You agree that by co-owning any of the lands or landed properties presented on this platform, you will observe the minimum holding period ascribed to the properties and that your principal will be unavailable to you for the duration of the lock-in period. However, at the end of the minimum holding period, you can choose to redeem your principal and the interest that has accrued on any of the plans you subscribe to or you can choose to roll over your capital and renew your plan for another term, except for projects that have a fixed tenure. 
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2.2 You shall receive from us a certificate of purchase acknowledging your interest as a co-owner of any of the assets comprised in the plans you subscribe to on our platform within fifteen (15) business days of your subscription, and it shall itemize the terms of the co-ownership opportunity and also serve as evidence of your share and interest.
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2.3 You shall be entitled to receive periodic updates on the status of the real estate projects subscribed to by you via the email address contained in your registration form. The updates will also be uploaded to your User Dashboard and you are expected to review the updates as they represent progress trackers for the projects you have subscribed to via your Squareroof account.
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2.4 You acknowledge that you do not exclusively own any of the properties contained in your Squareroof Portfolio and that you are only entitled to share the return generated therefrom and/or capital gain from the sale, thereby entitling you to the economic interest attached to the properties, payable in accordance with the terms of your purchase, and Certificate of Purchase.
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3. Roof  Income and Savings Terms and Conditions

By signing up for the Squareroof Income and Savings Plans, you acknowledge that you have read and understood these terms and conditions and agree to be bound by them.

3.1 Definition of Terms

3.1.1 Squareroof: refers to the company providing the Roof Income and Roof Savings plans.

3.1.2 Roof Income Plan: refers to the investment plan offered by Squareroof where users can earn fixed rental income from rental properties.

3.1.3 Roof Savings Plan: refers to the savings plan offered by Squareroof where users can save for their upcoming rent payments.

3.1.4 User: refers to the individual who has signed up for the Roof Income and/or Roof Savings Plan with Squareroof.

3.1.5 Third-Party Investment Manager: refers to the investment manager appointed by Squareroof to manage the funds invested in the Roof Income Plan.

3.2 Eligibility for the Roof Income and Savings Plans

3.2.1 To be eligible for the Roof Income and Savings Plans, the User must be at least 18 years old and a resident of Nigeria.

3.2.2 The User must have a valid email address and a phone number to register with Squareroof.

3.2.3 The User must provide accurate and complete information when signing up for the Roof Income and Savings Plans.

3.3 Investment in the Roof Income Plan

3.3.1 The Roof Income Plan allows Users to invest in rental properties and earn fixed rental income.

3.3.2 The funds invested in the Roof Income Plan are managed by Third-Party Investment Managers appointed by Squareroof.

3.3.3 Squareroof does not guarantee any returns on investment in the Roof Income Plan.

3.3.4 The User acknowledges that the investment in the Roof Income Plan is subject to market risks and there is no guarantee of returns.

3.4 Saving in the Roof Savings Plan

3.4.1 The Roof Savings Plan allows Users to save for their upcoming rent payments.

3.4.2 The User can choose to save for 11 months and earn a one-month free rent bonus if they save consistently for 11 months.

3.4.3 Squareroof does not guarantee the availability of funds in the Roof Savings Plan.

3.4.4 The User acknowledges that their savings in the Roof Savings Plan are not insured by any government or private entity.

3.5 Management of Funds

3.5.1 Squareroof does not hold or manage the funds invested in the Roof Income Plan or saved in the Roof Savings Plan.

3.5.2 The funds are managed by Third-Party Investment Managers or held in a savings account with a financial institution.

3.5.3 Squareroof shall not be liable for any loss or damages arising from the management of the funds by the Third-Party Investment Managers or the financial institution.

3.6 Termination of the Roof Income and Savings Plans

3.6.1 The User may terminate their participation in the Roof Income and/or Roof Savings Plan at any time by giving written notice to Squareroof.

3.6.2 Squareroof may terminate the Roof Income and/or Roof Savings Plan at any time by giving written notice to the User.

3.7 Changes to the Terms and Conditions

3.7.1 Squareroof reserves the right to modify these terms and conditions at any time without prior notice to the User.

3.7.2 The User is responsible for regularly reviewing the terms and conditions to stay informed of any changes.

4. Your Access to our Platform
4.1 We provide you access to our platform at no cost to you. However, we cannot guarantee you that access to the platform will always be available or uninterrupted.
4.2 There are instances where your access to our platform will be impeded and those instances are as follows;
4.2.1 When you violate any of the provisions of these Terms or when you provide inaccurate registration data: In which case, your access to our platform may be suspended, withdrawn, or discontinued.
4.2.2 When we carry out routine maintenance or effect an update or an upgrade to the platform: In which case, due notification will be given to you.

5. Service Fees
5.1 Squareroof charges its members a platform fee of three percent (3%) of the cost of land and property transaction on this Platform. We may also charge additional fees which vary from time to time and we are not responsible for any levies, taxes, charges, governmental or otherwise in respect of this Platform.

6. Foreign Exchange
6.1 You agree that when you opt for purchase in any other currency other than the Naira currency, the foreign exchange gain or loss and fluctuations in currency rates may have an impact on the profit made on your subscribed project.
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7. Limitation of Liability

7.1 To the full extent permissible by law, in no event shall Ceedvest their sister/subsidiary companies (if any), affiliates, agents and directors, be liable under contract, tort, strict liability, negligence, agency relationship, or any other legal or equitable theory with respect to any of the following:

7.1.1 Any liability for any direct, indirect, or consequential loss or damage incurred by any member in connection with our platform or in connection with the use, inability to use, or results of the use of our platform, any websites linked to it and any materials or content posted on it, including, without limitation to any liability for:
loss of income or revenue; loss of business; loss of profits or contracts; loss of anticipated savings/returns; loss of data; loss of goodwill; wasted management or office time; and for any other loss or damage of any kind, however arising and whether caused by tort (including negligence), breach of contract or otherwise, even if foreseeable.

7.1.2 Any bugs, viruses, trojan horses or the like (regardless of the source of origination). 

7.2 You hereby release Ceedvest and hold them and their parents, subsidiaries, officers, directors, agents, and employees harmless from any and all claims, demands, and damages of every kind and nature (including, without limitation to, actual, special, incidental and consequential), known and unknown, suspected and unsuspected, disclosed and undisclosed, arising out of or in any way connected with your use of the Services on our Platform. You waive the provisions of any state or local law limiting or prohibiting a general release.
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7.3 Without prejudice to the limitation of liability above, in the event of any problem with the Platform or any of the services on the Platform, you agree that your sole and exclusive remedy is to cease using the Platform. Under no circumstances shall Ceedvest, their subsidiaries, officers, directors, agents or employees be liable in any way for your use of Services, including, but not limited to, any errors or omissions in the Platform, downtime, any infringement by the Platform of the intellectual property rights or other rights of third parties, or for any loss or damage of any kind incurred as a result of the use of the Services.
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8. Disclaimer:
8.1 It is important to note that your subscription to any of our projects and your use of our services are at your sole risk, as the services on the Platform are provided to you on an “AS IS” and “AS AVAILABLE” basis. You therefore agree to evaluate, seek independent advice, and bear all risks associated with the use of this Platform. Nothing on the Platform should be deemed to constitute a recommendation to purchase, sell or hold, or otherwise to constitute an advice regarding, any investment, secured or otherwise.
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8.2 We may from time to time make reference to existing brands or companies for marketing purposes on this site and except we have explicitly stated that the brand or company is affiliated with us or that we have a contractual relationship with them, we expressly disclaim any relationship with any such brand or company.
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8.3 We are not a registered broker-dealer, investment advisor or crowdfunding portal and we do not engage in any conduct that would require registration with the Securities and Exchange Commission or the Nigerian Stock Exchange.

9. Third-Party Websites and Links to our Services:
9.1 We may permit you to link to other websites or resources on the Internet, and other websites or resources may contain links to our Services. When you access third-party websites, you will be leaving roofincome.com and you do so at your own risk. Those other websites are not under our control, and you acknowledge that we will not be liable for the content, functions, accuracy, legality, appropriateness, or any other aspect of those other websites or resources.
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9.2 We grant you a limited, non-exclusive, revocable, non-assignable, personal, and non-transferable license to create hyperlinks to the Services on our Platform, so long as: (a) the links only incorporate text and do not use any of our Trademark; (b) the links and the content on your website do not suggest any affiliation with Squareroof, and Ceedvest or cause any other confusion; and (c) the links and the content on your website do not portray MYSUAREROOF.COM or its services in a false, misleading, derogatory, or otherwise offensive manner, and do not contain content that is unlawful, offensive, obscene, filthy, violent, threatening, harassing, or abusive, or that violate any right of any third party or are otherwise objectionable to us. We reserve the right to suspend or prohibit linking to our Services for any reason, in our sole discretion, without advance notice or any liability of any kind to you or any third party. The inclusion on another website of any link to our Services does not imply endorsement by or affiliation with us. You further acknowledge and agree that we shall not be liable for any damage related to the use of any content, goods, or services available through any third-party website or resource.

10. Intellectual Property Rights
10.1 Except for the rights expressly granted under these Terms and Conditions:All content included on this Platform, including but not limited to text, graphics, logos, images, audio clips, digital downloads, and software, are all properties of Ceedvest, our licensors and/or certain other third parties, where stated. We or our licensors, as the case may be, retain all the rights, titles, and interests in and to the contents displayed on this Platform, including, without limitation to, all Intellectual Property Rights therein.
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10.2 You agree that you have no right to use any of our trademarks without our prior written consent.

10.3 All rights not expressly granted to you in these Terms and Conditions are reserved and retained by us or our licensors.

11. Indemnification
11.1 You agree to indemnify, hold harmless, and defend us, their  parent/subsidiaries, and licensors, and each of their respective officers, owners, directors, shareholders, contractors, agents, employees, general and limited partners, successors, and assigns from and against any and all demands, claims, damages, liabilities, judgments, fines, interest, penalties, losses, costs, expenses, and harms, including without limitation to reasonable attorney’s fees and fees of other professional advisers, arising out of or in connection with: Your use of the Services on our Platform. Your online conduct in connection with the Services. Your (or anyone acting under your password or username) violation or breach of these Terms; Your failure to comply with any applicable laws or regulations in connection with the Services; or Any of your dealings or transactions from use of the Services.
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11. 2 You shall not settle any such claim without our prior written consent.
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11.3 These obligations will survive any termination of these Terms.

12. Governing Law
12.1 The contract between us shall be governed by and interpreted in accordance with the Laws of the Federal Republic of Nigeria.

13. Severability 
13.1 If any provision of these Terms and Conditions is determined by any Court of Competent jurisdiction to be invalid, illegal or unenforceable, that provision will be severed from these Terms and Conditions and the remaining provisions will continue in full force and effect, so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to either of the parties.
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14. Amendment
14.1 These Terms cannot be modified, varied, amended or supplemented in any way by you. We reserve the right to modify, vary, amend or supplement these Terms and Conditions at any time and from time to time. We will post the current version of these Terms on this Platform or send the same to you via your email address and each such change will be effective upon posting on this Platform or upon the date designated by us as the “effective date” (if any). Your continued use of the Services following any such change constitutes your agreement to be bound by and your acceptance of these Terms and Conditions as so modified.

15. No Waiver
15.1 Any waiver by us of any of the provisions of these Terms will not constitute a waiver of any other provision (whether similar or not), nor will any such waiver constitute a continuing waiver of that particular provision, unless expressly provided by us in writing.
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16. Talk to us
16.1 If you have trouble using our Platform with certain browsers or other software or if you want to let us know how we can improve accessibility or you have any questions or comments, please let us know by getting in touch with us via our email at hello at mysquareroof dot com. We appreciate your feedback as your suggestions can help us improve our service.
16.2 In the event that you provide us with feedback, insights, and suggestions, you agree that we will own and have a royalty-free right to exploit any such feedback, suggestions, and insights provided by you concerning the functionality, features, and performance of the Platform, as well as any ideas that you share with us on how to make our platform better, including without limitation to the identification of errors or bugs or any suggested fixes or workarounds, improvements, modifications, or enhancements (“User Feedback”). Furthermore, you agree that the provision of any User Feedback by you will be gratuitous, non-confidential, unrestricted, and made without any right to receive any compensation in return.