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.
Tier 2 and 3 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.
