Challenge Terms

These Challenge Terms govern the free second-look review offered at unlevered.io/challenge (the “Review”), provided by Unlevered, Inc.(“ Unlevered”) to the person who submits the form (“you”). By checking the acceptance box and submitting, you agree to these Terms.

1. What the Review is — and is not. The Review is a preliminary, no-cost analysis of the materials you submit, performed by Unlevered’s depreciation platform and reviewed by the Unlevered team before anything is released to you. It is not a cost segregation study, not tax, legal, accounting, or investment advice, and not a tax opinion. Submitting does not create an engagement, retainer, fiduciary duty, or advisory or client relationship of any kind. Unlevered is not your tax return preparer and does not prepare or file tax returns.

2. Eligibility and scope. The Review is available for U.S. residential rental property owned by you (or an entity you are authorized to act for), one property per submission, where a cost segregation study has already been prepared. You must be 18 or older. Unlevered may accept, decline, queue, or limit submissions at its sole discretion, and may modify or withdraw the challenge offer at any time prospectively; a change does not affect a submission already accepted for review.

3. No guaranteed findings, timing, or outcome. Unlevered does not guarantee that the Review will identify any additional deduction, that any estimate shared is accurate or final, or that any particular tax outcome will result. Anything shared as a result of the Review is a preliminary, assumption-dependent range, not a final number, and depends entirely on the documentation you provide. Follow-up within seven days is a target, not a contractual deadline; timing depends on volume. Do not delay any filing, election, or deadline in reliance on the Review.

4. Your prior study and filed returns stay yours. Unlevered did not prepare and is not responsible for any prior cost segregation study, tax return, or filing prepared by you, your CPA, or any third party. Reviewing your materials does not make Unlevered responsible for finding every issue in that prior work and does not transfer any liability for the prior preparer’s work to Unlevered. A finding of “no gap” means the submitted materials appeared consistent with the prior study’s result — it is not a certification, audit, or endorsement of the prior study. You remain solely responsible for your filed returns and the positions on them.

5. Your submission: authority and accuracy. You represent that the information you submit is accurate and that you have the right to share every document you upload — including where a property or return involves a spouse, co-owner, entity, or other party. Do not upload documents you are not authorized to share. Social Security numbers are not needed for the Review: you are encouraged to redact SSNs, EINs, and account numbers from returns and statements before uploading.

6. How your materials are handled. Submitted materials are used to perform the Review and to follow up with you about it. They are stored on U.S. infrastructure, scanned for malware on upload, encrypted at rest and in transit, and handled under Unlevered’s Privacy Policy. They are not sold and are not shared with third parties except the service providers needed to perform the Review. If no engagement follows, you may request deletion of your submission at any time by emailing hello@unlevered.io.

7. Contact consent. Submitting the form is your consent for Unlevered to contact you by email (and phone, if you provide a number) about your submission and its results. This is transactional contact about your Review, not a marketing subscription.

8. If a gap is found: the 2026 Challenge offer. Unlevered’s standard published fee for a single-unit residential study is $5,000. If the Review identifies a gap that Unlevered estimates exceeds that standard fee in additional deduction value, you may — entirely at your option — purchase an updated cost segregation study for a flat fee of $1,000during the 2026 Challenge (single-unit residential properties; multi-unit properties are quoted separately). Whether an identified gap meets that threshold is Unlevered’s good-faith estimate at review time. The fee is never a percentage of any deduction. That paid study is a separate engagement governed by Unlevered’s standard engagement letter and Study Terms & Taxpayer Acknowledgment presented at that time; nothing here commits you to it. Where a correction applies, missed depreciation is generally captured through a change in accounting method (Form 3115 / §481(a)) on a current-year return rather than by amending prior returns — Unlevered prepares the supporting study and workpaper package, and your own tax preparer determines the filing positions and files the return. Whether that treatment applies to your facts is a determination for your preparer.

9. Defensible, not guaranteed. Unlevered studies are built to be defensible: sourced facts, documented methodology, citation-backed classification, and examiner-response documentation retained with each study. That is a description of how the work is built — it is nota guarantee against examination by the IRS or any taxing authority, nor a promise of any outcome if a return is examined. The Review itself includes no audit defense, representation, or testimony; any such support for a paid study is only as described in that engagement’s own terms.

10. Limitation of liability. To the maximum extent permitted by law, Unlevered’s total aggregate liability arising out of or relating to the Review shall not exceed the fees you paid for it — which, for this free Review, is zero — except where such a limitation is not permitted, in which case liability is limited to the smallest amount the law allows. Unlevered is not liable for indirect, consequential, special, incidental, or punitive damages arising from the Review. Nothing here limits liability for gross negligence, willful misconduct, or anything else that cannot lawfully be limited.

11. Entire terms for the Review; changes. These Terms are the entire agreement for the free Review and supersede any marketing materials or other statements about it. Unlevered may revise these Terms prospectively by posting a new version; your submission is governed by the version you accepted, which is recorded with your submission.

12. Governing law and disputes. These Terms are governed by the laws of the State of Delaware, without regard to conflict-of-laws rules. The parties consent to exclusive jurisdiction and venue in the state and federal courts located in Delaware. Any claim must be brought within one (1) year after the Review result (or a decline) is communicated, to the extent permitted by law.

13. Severability. If any provision is held unenforceable, the remaining provisions remain in full force, and the unenforceable provision is modified to the minimum extent necessary to make it enforceable.