Art's Online Rent-to-Rent (w/Purchase Option) App/Lease Trombone

Applicant (Buyer) Information/Application

Application to be filled out by the person who will be responsible for the agreement. Minimum age is 21 to lease an instrument.
Full Name*
First - Last
Social Security#
XXX-XX-XXXX
Applicant Physical Address*

Address

Street Address Line 2

CityState

Zip
RentBuyOwnOther
How long at this address? # yrs*
Mailing Address if different
City
State
Zip
XXXXX
Home Phone*
Please enter a valid phone number.Format: (000) 000-0000.
Cell Phone [subject to text messages]*
Please enter a valid phone number.Format: (000) 000-0000.
Work Phone*
Please enter a valid phone number.Format: (000) 000-0000.
Email Address*
XXX@XXX.XXX
Birthdate*

MonthDayYear
Date
Employer*
Company Name
Occupation*
What is your job title?
How Long? #yrs*
Employer’s Address
City*
State*
Zip*
XXXXX
Student's FULL Name*
First - Last
Mailing Address if different
City
State
Zip
XXXXX
Student's T-shirt Size
Name of School*
Nearest relative NOT living with you*
First - Last Name
Phone*
Format: (000) 000-0000.
Applicant Nearest Relative Address*

Address

Street Address Line 2

CityState

Zip
Relationship to you*
NoYes
If so, when?
To be approved, you are required to supply your checking account information (to set up monthy autodraft payments on rent-to-own accounts).
Bank Name*
Routing Number*
Account Number*
Date*

MonthDayYear
Date
Everything I have stated in this application is correct to the best of my knowledge. I understand that Art’s Music Shop will retain this application whether or not it is approved. Art’s is authorized to check my credit, verify my employment, and ask questions about my credit experience.
Signature*

Clear
Driver’s License # (include state)*
EX: AL XXXXXXX
NOTE: We do not typically accept payments on accounts with charge (debit/credit) cards. Prior approval is required, and extra fees may be assessed. By signing this document (drawing your name in "Signature" above), you confirm that ART’s can process your Application. In addition, you agree to accept text messages from ART’s regarding your account.
NOYES

Co-Signer APPLICANT (Buyer) INFORMATION/APPLICATION

The person whose income/assets you are relying on must sign below. Your spouse need not sign in a community property state.
Full Name*
First - Last
Social Security#
XXX-XX-XXXX
Co-Applicant Physical Address*

Address

Street Address Line 2

CityState

Zip
RentBuyOwnOther
How long at this address? # yrs*
Relationship to Applicant?*
Mailing Address (if different)
City
State
Zip
XXXXX
Home Phone*
Please enter a valid phone number.Format: (000) 000-0000.
Cell Phone [subject to text messages]*
Please enter a valid phone number.Format: (000) 000-0000.
Work Phone*
Please enter a valid phone number.Format: (000) 000-0000.
Email Address*
XXX@XXX.XXX
Date of*

MonthDayYear
Date
Employer*
Company Name
Occupation*
What is your job title?
How Long? # yrs*
Employer’s Address
City*
State*
Zip*
XXXXX
Nearest relative NOT living with you*
First - Last Name
Phone*
Please enter a valid phone number.Format: (000) 000-0000.
Co Applicant Nearest Relative Address*

Address

Street Address Line 2

CityState

Zip
Relationship to you*
NoYes
If so, when?
Bank Name*
Routing Number*
Account Number*
Date*

MonthDayYear
Date
Co-Applicant Signature*

Clear
Driver’s License # (include state)*
Everything I have stated in this application is correct to the best of my knowledge. I understand that ART'S will retain this application whether or not it is approved. ART'S is authorized to check my credit, verify my employment, and ask questions about my credit experience.

By signing this document (drawing your name in "Signature" above), you confirm that it is OK for ART’s to process your Application. You also understand, if approved and applicable, you will be required to supply ART’s with your checking account information (for setting up monthy autodraft payments on rent-to- own accounts In addition, you agree to accept text messages from ART’s with information regarding your account and/or your relationship with us.

NOTE: We do not typically accept payments on accounts with charge (debit/credit) cards. Prior approval is required, and extra fees may be assessed.

ONLINE RENT-to-RENT LEASE AGREEMENT
This agreement is commencing on*

MonthDayYear
Date
Lessee (Applicant) Full Name*
Lessor: Art's Music Shop, Inc | 3030 East Blvd | Montgomery, AL 36116
Confirm Trombone Rental Option*
The instrument pictured may or may not exactly depict the rental unit instrument that you will receive.
Retail Price*
Taxes (8%)
Price w/Tax
Monthly Rental Payment
Payment due on the...*
...of each month.
TERMS
1. The described Lessee has rented (subject to credit approval) from ART'S MUSIC SHOP, INC. (ART'S) the property described above and promises to pay ART'S MUSIC SHOP, INC., without notice, in advance according to the terms listed.

2. Purchase is not required. Lessee can rent as long as they like. Title to the property remains with ART’S MUSIC SHOP, INC.

3. Property may be exchanged, with teacher approval, for another band or orchestra instrument at any time.

4. Property may be returned at any time (subject to minimums), provided no payments are past due, by notifying ART’S MUSIC SHOP, INC. IN WRITING and promptly returning property to

5. If a payment is late, a late charge of 10% of that payment (or as allowed by law) will be charged and due.

6. Optional $35.00 deductible/per incident REPAIR & REPLACEMENT COVERAGE is available from & backed by ART'S MUSIC SHOP, INC. to reduce the Lessee's responsibility in case of burglary or damage. R&R coverage will be provided at the additional costs listed (See below for additional information, terms and cancellation options).

7. If Lessee is in default, ART'S MUSIC SHOP, INC. shall have the rights of a secured party; one of which allows us to take legal possession of property and bill Lessee for outstanding rent or payments due.

8. Credit approval on the Lessee is required for completion of this Agreement. Lessee will be notified if credit is not approved.

9. Lessee agrees to report IMMEDIATELY any change of address, phone/cell number (INCLUDING AN UNLISTED NUMBER), and/or banking and credit information to ART'S.

10. There is a minimum rental period of 4 months (121 days).

NOTICE to LESSEE

IT IS IMPORTANT THAT YOU READ THIS AGREEMENT BEFORE YOU SIGN IT. BY SIGNING YOU ACKNOWLEDGE READING AND AGREEING TO THIS AGREEMENT. I/We hereby authorize the financial institution identified by the attached check or the checking info provided to debit my/our account for monthly payments.
REPAIR and REPLACEMENT COVERAGE (R&R)
$35.00 Deductible per Incident

To reduce the Lessee's cost in the event of burglary or damage to instrument, optional R&R coverage is available from & backed by ART'S MUSIC SHOP, INC.

This contract does not cover neglect, careless handling, normal wear & tear, accessories, cleaning, misuse, consequential damages or mysterious damage and/or disappearance.

For covered incidents: ART'S will regulate and repair the instrument. Non-manufacturer's parts may be used. For loss/irreparable damage, ART’S, at their discretion, will replace the instrument with one of comparable value. Written notice (to include complete reports from police and/or school authorities) must be given to ART'S within 24 hours of incident. Lease/rental payments must be current. R&R may be cancelled by either party upon written notice (unearned premiums will be refunded), or by Lessee's failure to pay. Lessee may also cancel for a full refund of R&R premiums within 20 days from the date of this contract. R&R is not insurance and does not cover everything nor anything not listed above.
OTHER TERMS and CONDITIONS
CARE

Lessee agrees to keep property (including case and/or accessories, if any), in good order and repair, ordinary wear excepted. Lessee assumes responsibility for property in event of loss or damage. Loss or destruction does not release Lessee from liability hereunder.
OWNERSHIP

Ownership (Title) of the property remains with ART'S MUSIC SHOP, INC. Lessee will not sell, pawn, mortgage, encumber, transfer or otherwise dispose of the property, and further agrees not to remove property from Lessee's present address (brief removals of not more than 24 hours excepted) without written consent of ART'S MUSIC SHOP, INC.

DEFAULT

Upon default of this agreement or breach of any part of this Agreement by Lessee, or statement or representation by or on behalf of the Lessee, or removal of property without written notice or permission, non-payment in whole or in part of any payment or payments, and/or loss, substantial damage or destruction of the property, ART'S MUSIC SHOP, INC. shall have the rights of a secured party under the uniform commercial code.
REMEDIES

In the event of default, at any time and at its option and without notice or demand, ART'S MUSIC SHOP, INC. shall have (but not be limited to) the following remedies: (1) ART'S may legally take possession of said property by repossession from the premises of a third party without limitation, including any school or other building wherein the property may be located, without obligation to refund any money or return or account for any personal property received or paid on this obligation. (2) ART'S MUSIC SHOP, INC. may require the Lessee to assemble the property and make available the property to ART'S MUSIC SHOP, INC. at a place designated by ART'S.(3) ART'S MUSIC SHOP, INC. may file suit appropriate to recover the balance due. It is expressly agreed that all money and property paid or received shall be retained by ART'S as liquidated damages. Lessee waives all rights of exception under the constitution and laws of this state or any other state. No delay or failure on the part of ART'S MUSIC SHOP, INC. in the exercise of any of its rights or remedies shall operate as a waiver thereof, and no single or partial exercise shall preclude other or further exercise of any other right or remedy.
COLLECTION COSTS

Lessee agrees to pay all costs in collecting this debt including, after default and referral to an attorney or collection agency, reasonable fees as allowed by law. Upon default, Lessee will owe for the fair market value of the instrument, plus any additional costs incurred.
MISC COSTS
SPECIAL STEP-UP, TRADE, EXCHANGE and PURCHASE OPTIONS:

Lessee may purchase this rental unit within the first 121 days and receive a 25% discount (plus tax), less any rental payments made (less taxes and R&R premiums paid), by paying in full the listed "Price w/tax." Lessee may exchange this instrument for another band or orchestra instrument (with director approval) and pay whatever the rate is for the exchanged instrument. Lessee may use up to one year of rental payment credit (less taxes and R&R payments) towards the purchase of this instrument or a New, Step-Up or Professional instrument.

Applicant (Buyer) Information/Application

Co-Signer APPLICANT (Buyer) INFORMATION/APPLICATION

ONLINE RENT-to-RENT LEASE AGREEMENT

TERMS

NOTICE to LESSEE

REPAIR and REPLACEMENT COVERAGE (R&R)

OTHER TERMS and CONDITIONS

CARE

OWNERSHIP

DEFAULT

REMEDIES

COLLECTION COSTS

MISC COSTS

SPECIAL STEP-UP, TRADE, EXCHANGE and PURCHASE OPTIONS:

EXECUTION OF LEASE

ACKNOWLEDGEMENT THAT YOU HAVE READ, UNDERSTAND, AND AGREE TO ALL OF THE TERMS OF THIS LEASE

THIS AGREEMENT HAS BEEN ACCEPTED BY:

...and Art’s Music Shop, Inc