Terms and Conditions

Last Updated 10 May 2025

Welcome to New Space Realty Inc. ("we," "us," "Company"). These Terms and Conditions govern your use of our website and services. By accessing or using our website, or by submitting any information through our contact form, you agree to comply with and be bound by these Terms. If you do not agree with any part of these Terms, please do not use our website or services.

1. Acceptance of Terms

By using the New Space Realty Inc. website or submitting your information via our contact forms, you acknowledge that you have read, understood, and agree to these Terms and Conditions. You also agree to our Privacy Policy, which explains how we collect, use, and disclose your personal information. Your continued use of the site after any changes are posted will constitute acceptance of those changes.

2. Description of Services

New Space Realty Inc. provides residential real estate services in New York, including: purchasing homes from homeowners, listing and selling homes on behalf of clients, real estate investment services, assistance with short sales, foreclosure defense guidance, and relocation support. Our website is for informational purposes only and does not list properties or contain an online marketplace. We do not guarantee that any particular property is available or that any transaction will be completed. All services and transactions are subject to separate agreements. We reserve the right to modify, suspend, or discontinue any aspect of our services at any time without notice.

3. User Eligibility and Representations

You represent and warrant that you are at least 18 years old and have the legal capacity to enter into this agreement. You also represent that all information you provide (such as contact information, property details, or financial data) is true, accurate, and complete. You agree not to use our site or services for any unlawful purpose. If you are submitting information on behalf of another person (for example, a homeowner or property owner), you confirm that you have the authority to do so. You must not use the services if doing so violates any local, state, or federal law.

4. Consent to Contact and Use of Submitted Data

By submitting your contact details or any other information through our website, you expressly consent to receive communications from New Space Realty Inc. via telephone calls, text messages (SMS), email, or other electronic means, including through third-party service providers. This may include marketing and promotional communications related to our services. Message and data rates may apply to text messages, and you can opt out of receiving marketing messages at any time by replying "STOP" or by contacting us. You agree that we may use the information you provide for marketing, sales, and operational purposes, and share it with our authorized service providers as described below. New York law requires express consent for unsolicited text messages, and by submitting your information you are giving that consent. You may be added to our internal do-not-call list and may still receive service-related calls or texts.

5. Third-Party Services and Tools (for Marketing and Communication)

We utilize third-party services to facilitate marketing and communications. These may include CRM platforms, email and SMS messaging providers, analytics services, and advertising networks. For example, service providers may assist us by delivering marketing emails, text messages, or by tracking website usage. We are not responsible for the privacy practices or content of these third-party tools. Your data may be shared with such providers, but only to the extent necessary to provide our services. We require third-party providers to protect your information and not use it for their own purposes. Our Privacy Policy describes these practices in more detail. We are not liable for any data breaches, messages, or actions taken by third parties beyond our reasonable control.

6. Real Estate Transactions and Limitations

Our role is to assist with real estate transactions, but we do not guarantee specific outcomes. All property purchases, sales, and investments facilitated by us are subject to separate purchase or brokerage agreements. We do not guarantee that a seller will accept an offer, that a buyer will obtain financing, or that a transaction will close. We do not hold escrow funds (unless otherwise agreed in a formal agreement) or act as a guarantor. We make no warranty regarding the condition of any property; sellers are obligated by New York law to provide a Property Condition Disclosure Statement for residential properties sold under contract. We disclaim responsibility for defects or issues not disclosed by a seller. All services are provided "as is," and we expressly disclaim any implied warranties of merchantability or fitness for a particular purpose.

7. Short Sale Terms and Disclosures

In a short sale transaction, a lender agrees to accept less than the full amount owed on a mortgage. Short sales require full disclosure of financial and property information to the lender, and ultimately require lender approval. We cannot guarantee that a lender will approve a short sale or waive any deficiency. If a short sale is not approved, the lender may proceed with foreclosure and seek a deficiency judgment (subject to New York's deficiency judgment limitation under RPAPL § 1371, which caps any such judgment at the difference between the debt and the property's fair market value). By participating in a short sale, you acknowledge these risks and agree to cooperate fully (e.g., providing requested documents). We do not provide legal or tax advice; you should consult a qualified attorney or tax advisor before entering a short sale.

8. Foreclosure Defense Disclaimers and Limitations

If you are facing foreclosure, we may offer negotiation and mitigation assistance to help you explore options. However, foreclosure is a court action, and we are not attorneys. As the New York Department of Financial Services notes, "a foreclosure is a lawsuit, and homeowners should seek assistance from an attorney or housing counselor". We cannot guarantee that foreclosure will be avoided or that lenders will agree to specific terms. We provide general information based on our experience, but it is not legal advice. You remain responsible for meeting all legal deadlines (for example, responding to court papers). You should review the New York Residential Foreclosure Actions Consumer Bill of Rights and consider consulting an attorney or HUD-approved housing counselor to understand your rights and options.

9. Relocation Assistance Terms

We may provide guidance or referrals for relocation services (such as finding movers, settling into a new community, or identifying housing options). These services are advisory only. Unless explicitly stated, New Space Realty Inc. does not perform the physical relocation services. We may recommend third-party relocation service providers, but we are not responsible for their performance or costs. Any quotes or schedules provided by relocation partners are estimates only. You agree that any relocation arrangements you enter into are between you and the third party, and we are not liable for any acts or omissions of those providers.

10. Real Estate Investing Disclosures

If you participate in real estate investment opportunities through New Space Realty Inc., you acknowledge that investments are speculative. There is no assurance of profit; your investment value may increase or decrease. Historical or projected returns are not guarantees of future performance. We are not registered securities advisors or brokers, and nothing on our site or communications constitutes an offer to sell or a solicitation to buy securities. Any investment offering we make will be accompanied by formal disclosure documents (such as a private placement memorandum) containing detailed risk factors. You should review those documents thoroughly and consult a licensed financial or investment professional before investing.

11. No Financial Advice Disclaimer

All content and communications from New Space Realty Inc. are for informational purposes and do not constitute financial, investment, legal, or tax advice. You agree that we are not responsible for any decisions you make based on information obtained through our services. Before making any decision, you should consult an appropriate professional (such as an attorney, accountant, financial advisor, or tax consultant) with expertise in the relevant area.

12. Compliance with New York Real Estate Laws

New Space Realty Inc. is a New York-licensed real estate broker and operates in accordance with New York State law. We comply with the New York Real Property License Law and Department of State regulations. All brokerage activities, advertising, and lead generation are conducted in compliance with state and federal laws, including fair housing laws. For example, sellers of residential property must provide the Property Condition Disclosure Statement mandated by N.Y. Real Prop. Law §462, and we will facilitate compliance with these disclosure obligations. We also adhere to New York's telemarketing and Do-Not-Call regulations, which now include text messages. You agree to abide by all applicable laws when engaging our services.

13. Limitation of Liability

To the fullest extent permitted by law, New Space Realty Inc. and its officers, agents, employees, and affiliates will not be liable for any indirect, incidental, consequential, special, punitive, or exemplary damages arising out of or related to these Terms or your use of our services and website. This includes, without limitation, loss of profits, revenue, data, or business opportunities. We do not guarantee the accuracy, completeness, or reliability of any content on the site. You agree that any use of our website and services is at your own risk. Our total liability for any claim arising out of these Terms or our services will not exceed the fees (if any) you paid us for the services in question, or five dollars ($5), whichever is greater. Some jurisdictions do not allow the exclusion of certain warranties or liabilities; in such cases, our liability is limited to the extent permitted by law.

14. Indemnification

You agree to indemnify, defend, and hold harmless New Space Realty Inc. and its officers, directors, employees, agents, and affiliates from any claims, losses, damages, liabilities, costs, or expenses (including reasonable attorneys' fees) arising out of or related to your breach of these Terms, your negligence or willful misconduct, or your violation of any law or the rights of any third party. This obligation will survive termination of these Terms and your use of our services.

15. Governing Law and Dispute Resolution

These Terms and any disputes arising out of or related to these Terms or our services will be governed by the laws of the State of New York, without regard to conflict-of-law principles. You agree that any legal action or proceeding related to these Terms must be brought exclusively in the state or federal courts located in New York County, New York. Both parties consent to personal jurisdiction and venue in those courts. You also agree to resolve any dispute arising under these Terms promptly by negotiation between senior executives of the parties. If a dispute cannot be resolved within 30 days of written notice, either party may pursue legal remedies. We may, at our option, require that disputes be submitted to binding arbitration under the rules of the American Arbitration Association, to be held in New York County, New York. In any dispute, both parties waive trial by jury to the fullest extent permitted by law. Class actions or representative claims are not permitted; by agreeing to these Terms, you waive any right to bring a class action or class arbitration against us.

16. Changes to Terms

We reserve the right to modify or update these Terms at any time. When we do, we will revise the "Last updated" date at the top and post the new Terms on this page. If the changes are material, we may notify you (for example, via email or a notice on our website). Your continued use of the website or services after the posting of changes constitutes acceptance of the modified Terms. We encourage you to review these Terms periodically.