Terms and Conditions 2015

After the initial rental period the lessee may elect to renew the rental on a monthly basis. Monthly payments are not prorated.

All rental payments are due in advance and the lessee authorizes the company to bill the credit cards provided for the rental fees and any past due balances provided on this agreement. There are NO REFUNDS on paid rental monies.

A minimum late fee of $5.00 or 5% of the payment amount per payment will be assessed to past due payments.

Title and right of possession of the instrument shall remain with the company until the total rental payments equal the total rental cost of the instrument, plus sales tax as shown on the front of the agreement. At that time, ownership will be transferred to the Lessee. If the rental payments are not made on time the company shall have the right to take possession of the instrument.

Instrument Exchange:

Strings: Lessee may trade in Violins, Violas and Cellos for a larger size as the child grows. We will apply 100% or you rental payments (not including tax and additional fees) towards the larger instrument. You then agree to the terms and conditions of this agreement to apply to each instrument exchanged.

Band Instruments: The lessee may exchange from one instrument to another, apply any rental payments and pay additional rental charges which are due. The terms and conditions of this agreement will apply to the instrument exchanged. String to strings exchanges are allowed and band instrument to band instrument.

In the event that rental payments become past due by 45 days or more the company will consider the lessee in default of the agreement and the entire balance owing on the agreement plus all the collection fees ( attorney, home repo, collection agency where allowed by law) will become due and payable on demand. In the event that the company must repossess the instrument a $50 fee will be attached for each attempt made at the lessee current, known address (where allowed by law).

The lessee retains the right to terminate this agreement at any time by returning the instrument to the company. If returned, all payments made shall be considered rental and the account must be up to date at the time of return. All original accessories issued at time of rental must be returned with the instrument or you must pay for them at time of return.

DO NOT LEAVE INSTRUMENT AT SCHOOL. Your school is not party to this agreement.

SALES TAX MUST BE ADDED TO ALL PRICES AND RENTAL FEES SHOWN WITH THIS AGREEMENT.

Like new and used instruments may show cosmetic wear and tear consistent with the grade and pricing of the instrument.

The company may obtain a credit report using the information supplied on the application.

Customer is responsible for early purchase price or payoff amount (whichever is less) if the instrument is stolen or destroyed.

Customer Options:

A customer may return an instrument at any as long as payments are up to date.

A customer may continue monthly payments until they have completed the agreement. At that point, ownership of the instrument will be transferred to the customer.

EARLY PURCHASE PRICE:

Customer may at any time purchase the instrument by taking the total rental price as shown on this agreement by deducting the total of all rental payments made and paying the remaining balance.

Maintenance Coverage (Optional)

All new instruments, leased or sold by the company carry a manufacturer’s warranty against defects from fault materials or workmanship. In addition to this warranty, the company for the monthly charge shown (in addition to the monthly rental) will protect the lessee against damage to the instrument subject to the following terms and conditions:

For Theft, the lessee must furnish the company with a POLICE REPORT showing forced entry within 72 hours of the loss. Any fees necessary to obtain such a report will be incurred by the lessee.

If the instrument becomes damaged so that it affects the performance the company will maintain and regulate it to proper playing condition. Repair due to misuse, negligence, intentional harm or abuse is not covered. The customer will be responsible to pay for repairs to refurbish the instrument. The paragraph does not apply to deterioration of appearance which does not affect the performance of the instrument, such as scratches, dents and finish.

The following are SPECIFICALLY EXCLUDED FROM COVERAGE: drum heads, drum sticks, mouthpieces, ligatures, caps, reeds, strings, violin bows, swabs, lubricants, cases, loss or damaged parts, and special or custom equipment.

Excluded is the destruction of a violin that will carry $100 deductible, cellos carry $150 deductible.

Any claim for repair or replacement here under shall not be constructed to alter or diminish the terms of the accompanying rent purchase agreement, and if lessee defaults by more than 10 days in any payment there of maintenance plan will lapse as of such default and may be reinstated only by permission of the company.

All repairs and replacements for which claims are made under this coverage must be made by the company. No others will be honored. The company may terminate Maintenance from any contract at the discretion of the company.