Terms of Service

1. Agreement

These terms form an agreement between you and Libelit Australia Pty Ltd (“we”, “us”). By creating an account or using Credelit you accept them. If you are entering into these terms for a company, you confirm you are authorised to bind it.

2. The service

Credelit is a property-development feasibility platform. It gathers planning and market information, applies AI-assisted research, and produces indicative development metrics — margin, IRR, equity requirement, peak debt and related figures — from the assumptions you provide.

3. No financial, investment or planning advice

This is the most important section of these terms.

• Credelit’s outputs are indicative estimates only. They are not financial product advice, investment advice, valuation, legal advice, or town-planning advice, and they do not take your objectives or circumstances into account.
• Outputs are generated in part by artificial intelligence, drawing on third-party and public data sources. AI-generated research can be incomplete, out of date, or simply wrong, and planning data can differ from the responsible authority’s current position.
• Results depend entirely on the assumptions entered. Small changes to cost, revenue, finance or timing assumptions can change a feasibility conclusion materially.
• You must independently verify every figure before relying on it and obtain your own professional advice — a licensed valuer, planner, quantity surveyor, accountant or financial adviser as appropriate — before committing capital or entering a transaction.

You accept sole responsibility for any decision you make using Credelit’s outputs.

4. Accounts

You must provide accurate account details, keep your password confidential, and tell us promptly if you suspect unauthorised access. You are responsible for activity under your account. One account is for one person — do not share credentials.

5. Plans, credits and fees

• Plans. The Free plan is available at no cost with limited monthly assessments. Starter is A$49 per month and Professional is A$199 per month. All amounts are in Australian dollars.
• Billing. Paid plans are recurring monthly subscriptions charged in advance through Stripe. They renew automatically until cancelled.
• AI credits. Running an analysis consumes AI credits from your account balance. Credits are not money, have no cash value, are non-transferable, and are not redeemable for cash.
• Cancellation. You may cancel at any time from the billing portal. Cancellation takes effect at the end of the current billing period and you keep access until then.
• Refunds. Fees already paid are non-refundable except where a refund is required by the Australian Consumer Law or we agree otherwise in writing.
• Price changes. We may change subscription pricing with at least 30 days’ notice by email. The new price applies from your next billing period; if you do not accept it, you may cancel before it takes effect.

6. Acceptable use

You must not:

• use the service unlawfully, or to infringe anyone's rights;
• resell, sublicense or white-label the service, or share your account to give others access to a paid tier;
• scrape, bulk-export or systematically extract data from the service, or attempt to circumvent plan limits, credit metering or paywalls;
• probe, load-test or attempt to gain unauthorised access to the service or its infrastructure; or
• upload content you have no right to provide, or that contains malware.

7. Your content

You keep ownership of the projects, assumptions and other content you put into Credelit. You grant us the licence necessary to host, process and transmit it in order to operate the service — including sending it to the third-party processors described in our Privacy Policy. We do not claim ownership of your content or of the outputs generated for you.

8. Our intellectual property

The service, its software, models, templates and branding remain our property or that of our licensors. These terms grant you a limited, revocable, non-exclusive right to use the service, and nothing more.

9. Availability

We aim to keep Credelit available but do not warrant uninterrupted service. We may modify, suspend or discontinue features, and may perform maintenance that makes the service temporarily unavailable. Third-party data sources and AI providers may also fail or change, which can affect analyses.

10. Consumer guarantees and liability

Nothing in these terms excludes, restricts or modifies any guarantee, right or remedy you have under the Australian Consumer Law that cannot lawfully be excluded. Where we are permitted to limit our liability, our total liability arising from or in connection with the service is limited to the fees you paid us in the 12 months before the event giving rise to the claim. To the extent permitted by law, we are not liable for indirect or consequential loss, or for lost profits, lost opportunity, or loss arising from decisions made in reliance on the service’s outputs. Otherwise, and to the extent permitted by law, the service is provided “as is” without warranties.

11. Suspension and termination

You may stop using the service and close your account at any time. We may suspend or terminate your access if you materially breach these terms, if your payment fails and remains unpaid, or if required by law. On termination your right to use the service ends; sections that by their nature should survive — including sections 3, 8 and 10 — continue to apply.

12. Changes to these terms

We may update these terms. If a change is material we will notify account holders by email before it takes effect. Continuing to use the service after that constitutes acceptance.

13. Governing law

These terms are governed by the laws of Western Australia and the Commonwealth of Australia, and you and we submit to the non-exclusive jurisdiction of the courts of that state. Questions about these terms can be sent to info@credelit.com.