Your capital is at risk and investments are not covered by the Financial Services Compensation Scheme (FSCS).

Read our full Risk Warning

Your capital is at risk and investments are not covered by the Financial Services Compensation Scheme (FSCS).

1. Introduction


1.1 Introduction to the Beelandlords crowdfunding platform

The Beelandlords crowdfunding platform allows you to invest into UK residential property with a number of other investors Each property on the Beelandlords platform will be wholly owned by a limited company incorporated in the UK, known as a “special purpose vehicle” or “SPV”. Beelandlords investors acquire shares in one or more SPVs when they invest on the platform, rather than acquiring ownership in the property or properties directly.

We will treat you as a retail client, which means you will benefit from the highest level of consumer protection under the Financial Conduct Authority’s rules.

1.2 Introduction to Beelandlords

Academic Strategy Limited, trading as Beelandlords, is an appointed representative of (“ShareIn”) ShareIn is authorised and regulated by the Financial Conduct Authority (“FCA”).

The FCA does not regulate the purchase or management of residential property, but regulates the sale and distribution of shares.

The FCA can be contacted at:

12 Endeavour Square

London

E20 1JN


1.3 How these terms work

By applying for an account on the Beelandlords crowdfunding platform you agree to be bound by these Terms. Please take your time to read them carefully. They explain our obligations to you and your obligations to us and should be read in conjunction with:

1. the website conditions of use;


2. our privacy & cookies;


3. the risk warning.

In these Terms, unless the context otherwise requires, the following expressions shall have the following meanings:

- "we/us/our” means Academic Strategy Limited, trading as Beelandlords ;

- “you/your” means the crowdfunding platform account holder;

- “Terms” means any and all of: (i) the terms set out in this document; (ii) the website conditions of use; and any terms set out in the online application form you complete when applying for your platform account.

2. Terms


2.1 Eligibility criteria

The Beelandlords crowdfunding platform is only made available to:

  • self-certified high net worth investors;
  • self-certified sophisticated investors;
  • self-certified restricted investors.

You will also need to complete our ‘investor readiness’ questionnaire before being able to apply for a platform account.

Only those investors who fall within one of these categories can receive investment offers through the Beelandlords platform.

We may accept applications for a platform account from individuals or corporate customers (including partnerships as well as incorporated companies). Individuals must be aged 18 or over. Applications from US or Canadian corporate bodies, nationals and residents are not permitted.

To open a platform account with us, we will undertake electronic searches as necessary to establish your identity. If we are unable to positively establish your identity from these searches, we will request further proof of your identity and permanent address together with any further information we may require.

We reserve the right to refuse your application for a Beelandlords account if we are unable to verify your identity satisfactorily of if you are otherwise ineligible for an account on our platform.

2.2 Right to cancel

You can cancel your application for a platform account within 14 days of us opening it.

Where you choose to cancel, we will without undue delay and within 28 days, return any sums we have received from you to your nominated bank account (see section 2.5.1). This period begins from the day we receive the notification of cancellation.

If you wish to exercise your right of cancellation you must write to us within 14 days of your platform account being opened at the address, telephone number and e-mail shown on the platform.

If you do not exercise your right to cancel, your platform account will continue in accordance with these Terms. If you wish to subsequently close your platform account, please see section 2.11 below.

2.3 Roles and responsibilities

Our role is to:

  • source suitable properties to be offered on the crowdfunding platform;
  • operate the crowdfunding platform;
  • match account holders with available properties;
  • facilitate the purchase of shares in SPVs to match account holders’ pledges;
  • facilitate the purchase of the Beelandlord properties by the SPVs;
  • facilitate the distribution of rental income due to account holders (via dividends from the;
  • prepare the necessary documentation relating to your SPV share purchases;
  • In the event an account holder wishes to sell their shares in an SPV the Beelandlords site will include a facility for sellers to connect with willing buyers.

Each SPV’s role is to:

  • purchase and legally own the properties;
  • secure a tenant and undertake the ongoing management of the properties (a management contract will be put in place between the SPV and a property manager to do this).

2.4 Opening a platform account

As a first step, you must initially register with the Beelandlords platform. You will then need to apply for a platform account with us. Following receipt of your application, we will undertake our usual checks (see section 2.1 “Eligibility Criteria” above) and, if you are eligible for an account, we will set up your account on the platform.

Your platform account will include an electronic wallet (“e-wallet”) through which all monies into and out of your platform account will pass (see section 2.5 below).

The start date for your platform account will be when we accept your application for an account and have received cleared funds into your e-wallet.

We will confirm to you the date when your application is accepted and when your platform account is established. It is from this date that your 14 day cancellation period starts (see section 2.2 above).

2.4.1 Minimum and maximum investment

The minimum investment amount is the cost of one share in any given SPV and so will vary from time to time.

As for the maximum amount, in order to ensure a diversity of ownership of any particular SPV, an investor may only purchase up to 20% of the total shares of any given SPV. However, there is no limit to the number of SPVs in which you can invest and therefore no overall maximum investment you can make through the Beelandlords platform.

2.4.2 Login details

When you register with us, you will select a username and password.

You must take all reasonable precautions to ensure that your login details are kept secure at all times. You must tell us as soon as possible if you think that they have become known to someone else. Until the point at which you tell us that someone else knows your security details, we will not be liable for carrying out any instructions we receive, even if the instruction was not given by you.

2.4.3 Use of the platform

You must not use the platform for anything other than accessing and managing your platform accounts. In particular, you must not:

  • use it for a purpose which is illegal or inconsistent with these Terms;
  • seek to copy, reproduce, modify or tamper with it in any way;
  • use it on a device or computer which contains or is vulnerable to viruses or which does not have up to date anti-virus, anti-spyware software, firewall and security features installed on it (noting that we do not guarantee that the platform will be secure or free from bugs or viruses);
  • attack or use it in a way that could damage or affect our systems or security, interfere with other users, or restrict or inhibit other account holders’ use of the platform;
  • collect or otherwise access in an unauthorised manner data from us or our systems or attempt to decipher any transmissions to or from the servers running any of the functions provided by our services;
  • make copies, modify, reproduce, transmit, alter or distribute all or part of our website or any materials or information contained on it;
  • upload, publish or display any information on or through our website that breaches the rights of any third party or contains any libellous, defamatory or otherwise unlawful material.

We are the owner or the licensee of all intellectual property rights in the platform, and in the material published on it. Those works are protected by copyright laws and treaties around the world. All such rights are reserved and in the event of any breach of these Terms your right to use will cease immediately.

We do not guarantee that the platform, or any content on or functionality of it, will always be available or be uninterrupted. We may suspend or withdraw or restrict the availability of all or any part of the platform for business and operational reasons. We will try to give you reasonable notice of any suspension or withdrawal.

Where the platform contains links to other sites and resources provided by third parties, these links are provided for your information only. Such links should not be interpreted as approval by us of those linked websites or information you may obtain from them. We have no control over the contents of those sites or resources.

You are also responsible for ensuring that all persons who access the platform through your internet connection are aware of these Terms, and that they comply with them.

2.5 Payments in

Payments into your platform account must be in sterling and can be made whenever you would like. When we receive a payment in, it will show in your e-wallet (see below).

You can deposit your funds into your e-wallet by one of the following methods:

1. Debit card – we accept Visa Debit,Visa Electron, MasterCard and Maestro.

2. Bank transfer – your e-wallet will show the transferred funds normally within two business days.

All payments must contain your platform account number in the reference. If we cannot identify the platform account into which a payment should be paid, the payment will be returned (without interest) to the originator within 10 business days.

2.5.1 Your e-wallet

Your e-wallet is provided and administered by an independent regulated electronic payment provider, MangoPay S.A. (“MangoPay”) pursuant to this clause and separate terms and conditions between you and MangoPay

Funds in your e-wallet will be held by and administered by MangoPay, which will make payments to and receive them from the SPV(s) on your behalf. MangoPay also opens electronic wallets in respect of each investor and each SPV for these purposes. MangoPay is not subject to, and therefore you will not benefit from, the protection of the FCA’s client money rules. It should be noted however that Beelandlord investors’ funds are segregated from MangoPay’s own money and will be held in a designated client account. More information can be found in MangoPay’s terms and conditions.

You are required to enter into terms and conditions directly with MangoPay and Beelandlords shall not be responsible for the discharge of MangoPay’s obligations under those terms and conditions, beyond having taken reasonable steps to ascertain that MangoPay is appropriately authorised to provide the electronic money services. We or another person selected by us may take over the control of the electronic wallets provided by MangoPay at any time provided that we or they have appropriate regulatory permissions to hold client money and you authorise MangoPay to transfer any monies it holds for you in your e-wallet to us or to such other person upon our instructions in those circumstances without seeking your express instruction to do so. We will notify you of any such transfer by email.

When you apply for a platform account, you will need to provide us with the details of a bank or building society account of which you are a named holder which you specify and we accept as the account which will be linked to your platform account. This will be the bank account from which payments in must be made and to which we will pay any monies out.

No interest will be paid on funds in your e-wallet.


2.6 Choosing your investments

Once you have cleared funds in your e-wallet, you can choose in which of the currently available properties you would like to commit to invest. You do this online through the platform. The amount you commit to invest is known as your “pledge”.

The platform will give you all the information you should need in order to choose your property or properties. This will include:

  • the funding target (i.e. the total amount that needs to be raised in order for the property to be purchased (see section 2.6.1 below);
  • the price per share in the SPV (and therefore the minimum investment amount); and
  • our projected net rental yield which we think the property can achieve.

You should consider all the information provided before making a decision. Our presentation of the properties currently available on the platform is not financial advice nor an indication that the shares of the SPVs (and indirectly, the properties held by them) are suitable investments for you. You are responsible for making your own investment decisions. If you are unsure of which investment to choose, if any, you should take professional financial advice.

There are risks associated with investing on the Beelandlords crowdfunding platform and you could lose some or all of your money. Further details are given in our risk warning.

Once you have chosen a property in which you would like to invest, you will need to ensure you have sufficient monies in your e-wallet to be able to fund your pledge. Once you have made your pledge, the corresponding funds in your e-wallet will be ring-fenced for that pledge and cannot be used for other pledges. For the avoidance of doubt you will not be able to cancel your pledge once made.

If a particular property doesn’t reach its funding target within the specified time period, or if it is sold by the seller to another buyer or taken off the market before it is fully funded, your pledged funds will cease to be ring-fenced and can be pledged against another investment. You will be notified by email and your dashboard will be updated. Any costs that may have incurred during this process will be borne by the Beelandlords platform.

2.6.1 What is included in the funding target?

The funding target for each property is made up of:

  • the purchase price of the property, less any mortgage to be secured by the SPV against the property for the purchase thereof, if and when this becomes applicable;
  • the costs of purchase (such as search and legal fees, or where applicable, mortgage fees);
  • stamp duty;
  • a ‘provisional fund’ of 1% of the purchase price per annum (funded for the five-year cycle of each property on the platform i.e. 5% of the purchase price in total). This is set aside in each SPV to cover any maintenance and minor unforeseeable costs needed during the tenure of the property;
  • a ‘renovation fund’ (an amount needed to bring the property to a satisfactory condition for letting, the amount of which will vary depending on the initial condition of each building, but which should not normally exceed 5% of the purchase price of the property); and
  • our fees (see section 2.12 below).

In the event that the provisional fund is exhausted, or not sufficient to cover larger costs, the properties are insured (the costs of which are covered through your monthly management fee). If necessary, we can cover any uninsured costs via an interest free loan to the SPV. Your dashboard will show the current status of all relevant properties, including any repairs or insurance claims etc.

2.6.2 Completing your investment

Once the property you have chosen is fully funded (i.e. once enough Beelandlord investors have pledged to meet the funding target) the amount you have pledged will be withdrawn from your e-wallet and used to purchase shares in the SPV. You will be notified that the share purchase has completed by email and your share certificate will be generated and placed in your document library. The share purchase will also be shown on your dashboard on the platform.

Once the share purchase has taken place you won’t be able to cancel or withdraw from it, subject to your ability to try to sell the shares as outlined below or your right to cancel as outlined at section 2.2 above.

The SPV will then seek to purchase the property and will instruct its lawyers to handle the conveyance. If successful, the purchase will proceed to completion. Once completion has happened you will be notified by email and the status of the property on your dashboard will be updated.

If the property purchase does not complete (for example, if the seller pulls out of the sale) then you will be notified by email and the dashboard will be updated to that effect. Your share purchase will be reversed and your money will be returned to your e-wallet. Any costs that may have incurred during this process will be borne by the Beelandlords platform.

Details of the property will be shown on your dashboard, but your identity will not be disclosed to the seller or the tenant. This is because you will not be the legal or beneficial owner of the property, which is owned by the SPV (of which you will be a shareholder).

2.7 Instructions in respect of your platform account

You agree that we are able to act on instructions given on the platform, whether or not the instructions were given or authorised by you, so long as we have followed the applicable security procedures. We can refuse to act on any instruction if we have a reasonable belief that the instruction was not given by you, if the instruction is not clear, or if we believe that by carrying out the instruction we might break a law, regulation, code or other duty which applies to us.

You may ask us to accept instructions from a third party, by completing and sending us the appropriate form. If we agree to accept the instructions from your nominated third party, we will need to perform anti-money laundering verification checks on the third party before accepting instructions from them. Where a third party is acting under a power of attorney or as a court-appointed deputy, we will require a certified copy of the power of attorney or court order (as appropriate) before we can accept their instructions.

2.8 Rental income

Once purchased, the SPV will appoint the management company to find a tenant for the property.

The projected net rental yield figure we supply for each property when it is advertised for funding on the platform is based on what we reasonably believe to be a market rent for that property, minus:

  • the fees we anticipate will be charged by the management company for managing the
  • the SPV’s liability to tax on the rental income;
  • the cost of buildings insurance; and
  • any mortgage repayment, if relevant.

This projected yield may be more or less than the actual net rental income which can be achieved for the property and so is not a guarantee of the return on your investment.

The SPV (through the management company) will collect the gross rent and will pass the portion of the net rent which relates to your investment into your e-wallet as a monthly dividend.

Unless otherwise specified in the investment document, the monthly dividend will be paid out on the 10th of each month to your e-wallet. In the event that the 10th falls on the weekend or a UK bank holiday, then it will be paid on the next business day. The first payment on each property will typically follow the first full month of tenancy e.g. if the tenancy starts on the 15th of April, the first payment will be distributed on the 10th of June with the rent from 15th of April to 31st of May.

You can leave the dividend payments in your e-wallet, withdraw them to your nominated bank account (see section 2.5.1 below), or reinvest them into another investment available on the platform in line with see section 2.6 above.

2.8.1 What happens if the tenant doesn’t pay?

You can check the status of each of the properties to which your SPV shares relate on your dashboard.

For the avoidance of doubt, Beelandlords or the SPV cannot guarantee the prompt rent payment by the tenant. Where a tenant misses any rent payment, the SPV will take steps to enforce its legal rights against the tenant. Where such steps give rise to costs, these costs will be covered by any amounts available in the provisional fund in the first instance.

Where the provisional fund is insufficient to cover these costs, we will make an interest free loan to the SPV. Repayment of this loan will be made from future rental income, shareholders will be required to cover these costs in proportion to their shares in the SPV.

2.9 The value of your investment

The following information about the value of your shares in the relevant SPV will be shown on your dashboard:

  • the price for which you purchased the shares;
  • the number of shares you hold;
  • the total number of shares;
  • the most recent valuation of the relevant property.

We will have the properties valued every six months by an independent valuer, but such valuation is a matter of the valuer’s opinion and not fact. As such it should be considered to be a reference value only. On the eventual sale of the property it may achieve more or less than its valuation and as such you may receive more or less back than the reference value of your shares shown on your dashboard.

2.10 Taking your money out

2.10.1 The investment term

Beelandlords is set up on the basis that our investors will normally invest in each SPV for at least five years.

At the end of the five-year cycle, all investors in that SPV will vote on an exit strategy, which can involve:

  • retaining the property;
  • selling the property to Beelandlords; or
  • listing the property for sale on the open market.

If a simple majority of shareholders vote for the property to be retained by the SPV, then all shareholdings will continue for a further five years. If necessary (i.e. because the original provisional fund has been depleted) the shareholders will need to contribute funds through their e-wallet to replenish the provisional fund for the further five-year period.

The provisional funds will be topped up to 5% of the valuation price, from the shareholders’ e-wallets or if there are no funds a particular e-wallet, from the monthly dividend thereafter.

If there is the need for minor renovation of the property at the end of the five year period such renovation will be paid for by shareholders from their e-wallets where such action is agreed by a simple majority of shareholders.

If the property is sold the SPV will be wound up and all shareholders of that SPV will get their share of any net proceeds after all costs (including but not limited to the repayment of any mortgage against the property, if relevant) have been deducted.

2.10.2 Withdrawing money from your e-wallet

You can instruct us through the platform to send any amounts in your e-wallet that are not currently pledged to your nominated bank account whenever you like. We will normally action such request within 24 hours.

There is no charge from the platform when you withdraw funds from your e-wallet.

2.10.3 Selling your shares

Your investment is designed to be held for at least a full five-year cycle and should not be thought of as allowing instant access to your money.

However, if you need to access your investment before the end of the five-year cycle (or, if at the end of the five-year cycle the other shareholders vote by majority to continue holding the shares for a further five years) you can agree to sell your shares to other Beelandlords account holders. We can’t guarantee that we’ll find a buyer for your shares and there isn’t an active market for them. Beelandlords won’t buy shares.

Once you find a buyer for your shares, you will need to negotiate with them what they would be prepared to pay, which may be higher or lower than the reference value of your shares (which you can calculate using the information presented on your dashboard).

If you are successful in selling your shares, we will provide you with the relevant documents to transfer your shares to the purchaser, and we will facilitate the payment from their e-wallet into yours.

2.11 Closing your platform account

Provided you have no active shares or pledges on the platform, you may close your platform account and end these Terms at any time by notifying us through the platform.

We reserve the right to close your platform account and end these Terms with immediate effect in exceptional circumstances of suspected fraud, if you commit a material breach of these Terms, if your liabilities exceed the value of your platform account or if we are required to do so by law. We will write to you to let you know if we decide to close your platform account by giving you 90 days’ notice unless we are prevented from doing so by applicable law or regulation. During this time you should make arrangements to sell any shares you hold on the platform.

At the end of the 90 days, if you have not been successful in selling your shares, we will provide you with your share certificates and you can either continue to hold these share certificates, or try to find a buyer.

While you still hold shares in the SPVs the closure of your account will not affect the fees and charges we will levy and we will continue to maintain your e-wallet in accordance with clause 2.5.1 for these purposes and to receive the proceeds from the sale of your shares.

Once we have closed your platform account, we will send any amount due to you to your nominated bank account.

We will only transfer cash to you once any outstanding pledges, liabilities, and charges have been settled. If we do not know how much these amounts will be, we may retain an amount of cash that we feel is reasonable and appropriate to cover these amounts. Any remaining cash will then be paid to you.

2.12 Fees & Charges


2.12.1 Beelandlord’s fees

You will pay us a fee of 2.5% of your pledged funds which are used to purchase shares in the SPV(s). Value Added Tax will be added to this amount.

We also take a sourcing fee of 1% of the purchase price of all properties purchased through the platform. This is a one-off charge that is incorporated into the initial funding amount when a property is listed on the platform. Value Added Tax will be added to this amount.

We also receive a commission from the sellers of properties on the platform of 2% of the sale price.

These fees will be charged even if your investment is not increasing, or if the funding target is not met and will therefore erode the value of your investment you hold over time. The investment requires the ongoing costs for the renovation fund, provisional fund, purchase of the properties and the costs involved with this purchase to be met before any rental income could be achieved.

2.12.2 Monthly management fees

A monthly management fee of 10% of the gross monthly rental income is deducted before payment of the dividend. This fee covers:

  • management fees for the ongoing management of the property by the management company;
  • the cost of running the SPV;
  • the cost of periodic valuations from independent professional surveyors.

You will not be required to pay administration and management fees and charges other than as a deduction from your monthly dividend, even during vacant periods where the property is not tenanted.

You will be required to pay building insurance as an additional monthly cost, which is not part of the monthly management fees. The cost of buildings insurance is deducted from the gross rental income before the dividend is paid.

2.12.3 Keeping you informed

You will be able to find a range of information on your investments on your dashboard and in your document library.

Your dashboard will include a figure showing the total fees and charges your investment has incurred over the previous year. We will also provide you with an itemised breakdown if you request it. Your dashboard will also include illustrations showing the cumulative effect of costs on your investment return. We will notify you in good time about any material change to this information.

2.13 Shareholder’s rights

When you purchase shares in the SPVs, you will have the rights attached to each share as set out in the SPV’s articles of association. Each share carries the right of one vote in any of the SPV board’s resolutions. Shareholders will receive detailed and advance notice in writing of any shareholders’ meetings or resolutions – which they are welcome to attend or vote on. Other decisions that you can vote on, such as the approval of a prospective tenant or agreement on an exit plan, will be conducted electronically with specific deadlines clearly stated.

2.14 Communication


2.14.1 Share certificates

We will provide you with a share certificate for each investment in an SPV and which will be placed in your document library.

You must check your share certificate carefully and tell us as soon as possible if there are any errors. We will correct any errors we make as soon as possible after you tell us about them or we discover them.

2.14.2 Contact us

As the Beelandlords platform is an online service we will generally give you updates and information by adding documents to your document library on the platform. We will email you when we have done so. We may also contact you through any of the channels provided by you.

Please check your document library and emails regularly. You must advise us of any changes in your contact details by updating your information on the platform. If you don’t update us, you may not receive important information from us.

You can contact us at the address, telephone number and e-mail shown on the platform.

We will always communicate with you in English.

Telephone conversations may be recorded for training, monitoring and regulatory purposes to improve our customer service standards.

2.15 General

We reserve the right at any time, and without notice to:

  • withdraw a property from the Beelandlord platform and to decline to accept further pledges for a particular property; or
  • refuse to accept any payment into your platform account or decline to open a platform account, in each case at our sole discretion.

We may, without notice to you, use credit balances in your e-wallet to reduce or repay amounts owed to us. We will tell you if we do this.

Except as required by law, we shall not be bound to recognise the interest or claim of any person other than the platform account holder in respect of cash or shares held in your platform account. We shall not be liable in any way for failing to recognise such interest or claim.

Other than the SPV and ShareIn, a person who is not a party to the Terms shall have no rights under the Contracts (Rights of Third Parties) Act 1999 to enforce any of these Terms, and there is no intention for any person who is not a person named on a platform account with us to have any rights to enforce these Terms.

We may transfer our rights and / or obligations under the Terms, in whole or in part, to any member of our group or a third party outside of our group provided we act in accordance with FCA Rules and applicable law, and provided we reasonably consider that such a transfer will not materially affect the services provided to you under these Terms. We may do this on giving you at least 30 days’ written notice.

In the event that we transfer our rights and obligations, in whole or in part, under the Terms to another person (the “Transferee”), you agree that:

(a) the provisions of the Terms as amended by the notice given to you will be the written terms of the new agreement between you and the Transferee; and

(b) the Transferee will acquire all rights and powers it would have had, if it had been an original party to this Agreement, to provide you with ongoing services as you have agreed we may provide to you under the Terms.

We may act as your agent for the limited purpose of, and solely to the extent necessary for, giving effect to the transfer and assignment of our rights and obligations in accordance with the Terms, which may, without limitation, include the provision of any consent to the transfer of client money to the Transferee or a third party outside of our group.

You may not transfer any of your rights and/or obligations under the Terms without obtaining our prior written consent.

If we do not enforce any of our rights (for example, we might give you some extra time to meet one of your obligations), it will not mean that we have waived our rights or that we cannot enforce them in the future.

If any provision of the Terms is found by any court or other authority of competent jurisdiction to be illegal, invalid or unenforceable, that provision or part provision shall, to the extent required, be deemed not to form part of the Terms, but that shall not affect the legality, validity or enforceability of any other provision of the Terms in that jurisdiction or the legality, validity or enforceability in other jurisdictions of that or any other provision of the Terms.

The Terms (and any non-contractual dispute arising out of the Terms) are governed by the law in England and Wales. Any terms and conditions implied by law will also apply to our relationship with you.

2.15.1 Privacy

The personal data that you provide to us will be used by us in compliance with our obligations under the General Data Protection Regulation (EU Regulation 2016/679), along with applicable legislation amending, supplementing or replacing the General Data Protection Regulation (together, “ Applicable Data Protection Law ”).

Our Privacy Policy – the terms of which are incorporated into these Terms – explains how your personal data will be collected, used and stored by us and will set out further information required to be provided to you under Applicable Data Protection Law . Please see our Privacy Policy (which we will update from time to time) for more information. This is available from https://beelandlords.sharein.com/privacy.

2.15.2 Conflicts of interest

It should be noted that although Beelandlords Property Ltd and Beelandlords Management Ltd are separate companies, these will be managed by the directors common to both companies.

We will provide further details of our conflicts of interest policy on your request.


2.15.3 Tax

The SPV will pay corporation tax on all rental income received. The cost of this to the SPV is deducted from the rental income before the dividend is paid.

You will be liable for any tax arising from your holding of shares in any SPVs, including on receipt of dividends. If you are not resident in the UK it is your responsibility as a citizen of your own jurisdiction to find out if you are required to declare to your own tax authority any income or profit that you made from an overseas investment as you may not be subjected to income tax in the UK.

The buyer may be liable for Stamp Duty Reserve Tax at 0.5% on any share purchase when shares are sold. The seller may be liable to capital gains tax.

You may have to pay other taxes or costs in relation to your platform account that are not imposed by us or paid through us.

Tax treatment depends on your individual circumstances and may be subject to change in the future.


2.15.4 Our liability for errors

We will only be liable for any loss or damage that you may suffer as a result of any services which we provide to you under these Terms. We shall not be liable for any loss caused through your breach of these Terms.

We shall not be liable for any diminution in the value of your shares caused by the poor performance of the SPV(s) investment in the property(ies).

We will not be liable for the inability to perform our obligations by reason of anything beyond our reasonable control, which includes but is not limited to fire, war or civil unrest, Act of God, revolution, act of terrorism, flood or other adverse weather conditions, pandemic, any strike or industrial action of any nature and/or Government regulation, any shortage of materials or supplies, unanticipated dealing volumes, or our inability to communicate with third parties for whatever reason.

We do not intend to exclude any liability which we are not permitted to exclude under applicable law or regulation.

2.15.5 Changes to the Terms

The most up-to-date versions of these Terms are available on the platform or on request from us.

We may change all or part of these Terms, including our fees and charges, in order to:

(a) comply with any applicable law and regulation;

(b) reflect any decision or recommendation by a court or the Financial Ombudsman Service ;

(c) to reflect new industry guidance and codes of practice which raise standards of consumer protection;

(d) allow for the introduction of new or improved systems, methods of operation, services or facilities;

(e) reflect changes in the cost of providing our services to you which are reasonably incurred;

(f) make them clearer or more favourable to you;

(g) correct any mistake in these Terms, provided that the correction does not have a significant unfavourable effect on rights that you have as a result of the mistake.

Where there is a change to these Terms that is material or detrimental to you, we will give you 30 days’ prior written notice unless this is due to a change in applicable law or regulation or as a result of something out of our control and it is not possible to do so, in which case we will give you as much notice as possible.

Where we reasonably believe that changes to these Terms are immaterial and not detrimental to you, we will not provide you with notice except insofar as we publish a notice on the Beelandlord’s platform. Examples of immaterial changes may include the introduction of new or improved services or facilities to the Beelandlords platform or minor amendments which are not material to the operation of these Terms.

If you do not wish to accept any change that we notify you of before the end of the relevant notice period you have the right to close your account. Otherwise you will be treated as accepting the change.

No change will affect any outstanding order or transaction or any other legal rights or obligations which may have arisen before the date of the change.

2.15.6 Complaints

We want to give you superb customer service but sometimes things might go wrong. We can usually resolve most issues straightaway, so please email us to tell us how we can help.

What you’ll need to tell us so that we can help you:


• your personal details;


• what’s gone wrong; and


• what you want us to do to put things right.

We’ll be in touch with you as soon as we can and let you know what will happen next. We’ll try to resolve your complaint within 3 working days. For more complex issues it’s likely that we will need longer to look into what’s happened and we may ask you for further information to help us reach a decision.

If your complaint relates to MangoPay and their service under the separate terms and conditions you enter into with MangoPay, we will pass your complaint to MangoPay for their attention.

If you’re unhappy with the outcome, and with the exception of a complaint in relation to MangoPay, UK residents may be able to ask the Financial Ombudsman Service (“FOS”) to carry out an independent review of your complaint. In any event, you have the right to ask the FOS to review your complaint if we’ve been unable to resolve it within 8 weeks.

If you are unsure whether the FOS will consider your complaint, please contact them directly for advice. The service the FOS provides is free and impartial and contacting them at any stage of your complaint will not affect your legal rights. The contact details for the FOS are:

The Financial Ombudsman Service

South Quay Plaza

183 Marsh Wall

London

E14 9SR

Phone: +44 (0)300 123 9123 or +44 (0)800 023 4567

Email: complaint.info@financial-ombudsman.org.uk


2.15.7 Compensation

The shares you purchase through Beelandlords are not covered by the Financial Services Compensation Scheme (“FSCS”). This means, should the SPV become insolvent, you would not be able to recover your loss from the FSCS. Furthermore, you would not be able to recover any losses from the FSCS if the tenant in the property the SPV owns fails to pay its rent or if the property’s value decreases for any reason.

The money held in your e-wallet is also not covered by the FSCS and so you would not be able to claim on the FSCS in the event of MangoPay’s insolvency. Provided MangoPay has administered your e-wallet properly, its creditors should not be able to access money it holds for you in your e-wallet.

In the event of our or ShareIn’s failure, you may be covered by the FSCS if we or ShareIn are unable to meet our obligations to you. The compensation limit which would apply in this case is currently £85,000.

For further information about the compensation provided by the FSCS (including eligibility to claim) please contact us or call the FSCS on 0800 678 1100 (www.FSCS.org.uk).

Academic Strategy Limited, trading as Beelandlords, is an appointed representative of Share In Ltd which is authorised and regulated by the Financial Conduct Authority.

Academic Strategy Limited is a company registered in the UK, registered number 10305333. Its registered office is 71-75 Shelton Street, Covent Garden, London, England, WC2H 9JQ.