These terms govern RentSpace's conditional rent support. By applying for or receiving rent support, you agree to these terms in addition to our main Terms of Use.
Last Updated: August, 2026
Rent support is a conditional top-up provided by RentSpace when you have saved the required share of your rent goal for your cycle. Cycle 1: you save 70% and we add up to 30%. Cycle 2: you save 50% and we add up to 50%. Cycle 3+: you save 30% and we add up to 70%. That way 100% of your rent can be disbursed directly to your landlord. Support is not a cash advance to you; it is paid only to your landlord.
You must have saved the required share for your cycle and submitted all required documents (valid ID, proof of address, landlord and property info, income evidence, guarantor form, and where applicable collateral or salary domiciliation) before support is approved.
Once approved, 100% of the rent (your savings plus our support) is transferred from your SpaceWallet to your landlord's account. No cash is paid to you. You repay the support over five monthly instalments. Each instalment is an equal slice of the support plus a 2.5% service charge on the remaining support at the start of that month. This is a service charge, not interest. On each due date we first attempt collection from your wallet; if the wallet is short, we debit an authorised bank account via Remita. You will receive reminders before each collection.
If you miss repayments, we may follow escalation steps including reminders, contact with your guarantor, and in serious cases referral to credit bureaus or recovery processes. Continued access to rent support and other RentSpace features may be restricted until the matter is resolved.
Questions about rent support? Email support@rentspace.tech or contact us through the app.