Terms and Conditions:
Rental Agreement. The undersigned (“Client”) and Delmonico & Dugdale LLC (“Delmonico & Dugdale Strings”) agree that Delmonico & Dugdale will rent to the Client the items described above at the stated Monthly Rental Fee, plus applicable sales tax. This Agreement commences on the Lease Commencement Date and continues until all of the Rented Equipment is returned. The Client agrees to pay for the entire replacement value of the Rented Equipment for failing to return the Rented Equipment or if the account becomes more than 30 days delinquent. Unless Rental Insurance was purchased by the Client on the Commencement Date of this Agreement, Client also agrees to pay for any damages to the Rented Equipment, not covered by insurance. Client understands that she/he may terminate this Agreement at any time upon return of the Rented Equipment to Delmonico & Dugdale Strings; however, no reimbursements for payments already made will be given. The termination of this Agreement shall not terminate the Client’s continuing obligations to Delmonico & Dugdale Strings to pay any unpaid Monthly Rental Fees or for any Rented Equipment not returned to the offices of Delmonico & Dugdale Strins in good condition and repair. Delmonico & Dugdale Strings retains the right to amend these terms and conditions at any time without prior notice.
Payments, Late Fees, Interest Charges and Collection Costs. The Client promises to pay the stated Monthly Rental Fee payable in full in advance to Delmonico & Dugdale Strings according to the terms above at 141 East Avenue, Rochester, NY 14604, beginning on the Commencement Date of this Agreement. The Client agrees to provide Delmonico & Dugdale LLC with updated credit card and or bank account information within 30 days of expiration or change.The Client also agrees to allow Delmonico & Dugdale Strings to charge the alternate payment method indicated in this contract if payment is not received within 30 days of the stated due date A late fee of $10.00 will be added to the Client’s account in addition to monthly finance charges assessed by Delmonico & Dugdale Strings based on any balance left outstanding. The Client also agrees to pay Delmonico & Dugdale Strings reasonable attorney’s fees and court costs should legal action be required to be undertaken by Delmonico & Dugdale Strings to recover any monies owed to it by Client or for any other default under this Agreement.
Purchase Credit. One Hundred percent (100%) of the Client’s Monthly Rental Fee (excluding any sales taxes paid) paid by the Client during the first twelve (12) months from the Commencement Date of this Agreement may be applied by the Client towards the purchase price of the any violin, viola or cello sold at Delmonico & Dugdale Strings. After the first twelve months, twenty Percent (20%) of the Client’s Remaining Monthly Rental Fees paid may also be used. Equity credit must be used within two years of the termination of the agreement, or it may be forfeited. Equity may not be combined with another rental or trade-in or to purchase a consigned instrument. The Client agrees to forfeit any accumulated purchase credit for his/her failure to pay all Monthly Rental Fees on a timely basis or for the Client’s failure to return the Rented Equipment in good condition and repair and for any failure by the Client to pay for any damage to the Rented Equipment not covered by Rental Insurance purchased by the Client on the Commencement Date of this Agreement. Ownership/Insurance/Repairs. Client understands that Delmonico & Dugdale Strings retains ownership of the Rented Equipment, and the Client agrees to maintain the Rented Equipment in a reasonable manner for the duration of this Agreement. In the event of any damage during normal use and care of the Rented Equipment, Delmonico & Dugdale Strings will complete all necessary repairs to the Rented Equipment, or an exchange of a comparable instrument will be made if so elected by Delmonico & Dugdale Strings. Insurance will cover instrument outfit maintenance and replacement of broken strings with rental-quality strings, and theft of a rental instrument from a secure environment, if a police report is submitted in a timely manner. In the event of malicious or negligent damage to the Rented Equipment, or theft of the Rented Equipment as a result of careless action (i.e. from an unlocked car), client shall be responsible for all costs associated with repairs or replacement of the Rented Equipment All repairs must be completed by qualified Delmonico & Dugdale Strings.
Exchange Instruments. Delmonico & Dugdale Strings agrees to exchange rental items for another larger size instrument of equal replacement value at any time, subject to availability, during the duration of this Agreement. Upon such exchange, the Client agrees to execute a new Agreement for the exchanged instrument or such modification as is required by Delmonico & Dugdale Strings to reflect the exchange and amended Monthly Rental Fee.
Return of Rented Equipment. Upon lawful termination of this Agreement, or upon Client’s default, Client shall at its own expense, shall crate, and transport the Rented Equipment to Delmonico & Dugdale Strings to receive the Rented Equipment in the same condition it was at the commencement of this Agreement, reasonable wear and tear excepted (other than broken strings). Delmonico & Dugdale Strings may continue to invoice Client on a monthly basis at the Monthly Rental Fee until the Rented Equipment is returned