KEYHOLE SPLIT TERMS

The short version

Split is an alternative financing solution for the cash deposit used in tenancy agreements with private tenants. As a landlord, you can invite a prospective tenant to apply for Keyhole Split. Keyhole does not guarantee that the tenant will be approved for the financing solution.

Once a tenant has been approved for Keyhole Split, Keyhole pays out the agreed cash deposit to the landlord in accordance with the tenancy agreement.

1.    KEYHOLE SPLIT

1.1.    Keyhole Split is a financing solution where a tenant or prospective tenant can take out a loan with Keyhole’s partner, Resurs Bank ("Lender"), to finance the payment of a deposit, prepaid rent, or move-out claims.

1.2.    The landlord can refer tenants to use Keyhole Split via the Portal.

1.3.    The use of Keyhole Split is conditional upon the Lender having conducted (at its own discretion) a satisfactory credit assessment of the tenant. The Lender and Keyhole are free to reject any tenant at their sole discretion, and the availability of this service does not obligate either Keyhole or the Lender to ensure that a tenant will actually be able to use Keyhole Split.

1.4.    The Lender disburses the loan to Keyhole, after which Keyhole transfers the amount to the landlord.

2.    Delivery Terms

2.1.    Sending invitations to Keyhole Split is available without prior agreement.

2.2.    Sending invitations is provided free of charge through the Keyhole Portal.

2.3.    The tenant has given consent for the processing of personal data.

3.    Processing of Personal Data 

3.1.    Processing. The company processes personal data in strict compliance with the General Data Protection Regulation (GDPR) and relevant data protection laws. Information about the customer’s name, address, email, phone number, etc., is used solely in connection with the customer’s order and communication.

3.2.    Data Subject Rights. The company upholds the rights of data subjects (including the right of access, rectification, erasure, restriction of processing, objection, data portability, the right to lodge a complaint, and the right not to be subject to a decision based solely on automated processing, including profiling).

3.3.    Storage and Disclosure. The company retains the data for as long as necessary for the purpose for which it is processed. The company does not disclose, sell, or otherwise transfer information to third parties unless the customer has provided consent.

3.4.    Contact. If the customer wishes to obtain information about the data being processed, request deletion or correction of data, they may contact Keyhole support. The Data Protection Act and compliance with the data subject's rights in this regard.

4.    Application Law and Jurisdiction

4.1.    Applicable Law. The cooperation between the parties is subject to Danish law in all respects.

4.2.    Jurisdiction. Any dispute arising in connection with the cooperation between the parties shall be settled by a Danish court.

DISCLAIMER: Our terms and conditions have been automatically translated for convenience. The original terms and conditions in Danish is the authoritative version. In case of any discrepancies or inconsistencies between the translated version and the original Danish version, the Danish version shall prevail.