1. Fee structure and payment policy. The initial payment covers _________ months rental. After that, you may return the
instrument or
continue rentingcontinue renting. You may choose monthly plan or long-term rental plan. Discount or free rental may apply if
you
choose 3-, 6-, or 12-month rental plan. Rental fee must be paid in advance. For example, if you choose a 6-month plan, you
pay in
advance every 6-month, there will be no rental fee refund if you cancel the rental agreement early.
2. Renewals. The rental is renewable every 12 months from the rental signup date. Renewal notice will be sent to the
address or
email address two weeks before rental expiration date. Rental fee is subject to change. You agree to let “Kelin Violin Shop”
renew your
contract with us automatically when the old contract expires if we don’t hear from you within FIVE days of rental expiration date.
Please note: Rental rates and/or contract terms are subject to change at the end of any rental period.
3. Billing and change of address. It is your responsibility to inform us in writing of any address change or email address
change
(email to us: info@kelinviolin.com). It is also your responsibility to inform us in writing if you want to make any change
regarding your
rental plan. You will receive e-billing statements from us (email) unless you choose the EZ PAY option.
4. Returns. Returns are to be made by the rental expiration date, late returns will be charged at the highest monthly rate plus a
$10/month late fee.
5. Past due accounts. Rental payment is due first day of the month. There is a FIVE day grace period. A $10.00 late fee will be
charged
after the grace period. Returned check fee: $30.00. Credit Card charge back fee: $35.00.
6. Default. If you fail to make a rental payment within 10 business days of the due date, or fail to observe any other term in this
Agreement, you are in default and this Agreement terminates. If you default and after we give you any notice required by law,
we are
entitled to all legal remedies, including repossession and our damages after 30 days of default. If you default, you must pay us
for all of
our reasonable costs of collection which may include some or all of the following: repossession fee, 25% third party debt
collection fee,
late invoice fees, and third party administrative collection fee plus other court costs and/or legal fees, as permitted by law.
These
amounts are in addition to the underlying balance due. Upon default, any rental credit earned (equity) will be void, and you are
liable for
amounts due us and immediate return of the instrument.
7. EARLY PURCHASE OPTION. At any time after the initial rental payment, you may exercise an early purchase option by
paying the
Cash Price less the total (100%) of rental payments made (first 24 months rental applies), plus any applicable sales tax. I.M.R.
R. does
not apply toward the early purchase option. Account must be current before the early purchase option applies. However, when
you
exercise this early purchase option within 6 months of initial rental signup date, you may use I.M.R.R. and Sales Tax you have
earned
toward your new purchase.
8. I.M.R.R. (Insurance, Maintenance, Repair, Replacement). You can choose I.M.R.R. when this agreement is initiated. You
cannot
add it later. If you choose to purchase this option, with current account, and are not in default of this agreement, you will not be
liable for
the damage to the instrument from all causes. I.M.R.R. will not cover heat damage or theft in a vehicle. There is no coverage
for any
professional use.
I.M.R.R. covers broken bridges, bow rehairing, sound post fall-down and replacement of broken strings with rental quality
strings.
I.M.R.R. also covers scratches and cosmetic damages to the cases.
Major damage to the body of the instrument, including but not limited to broken necks and broken bows and damaged bodies,
and
stolen instruments will result in an I.M.R.R. charge of $15.00 per claim. Claims for stolen instruments must include a police
report. I.M.
R.R. expires when the rental expires. I.M.R.R. is ALSO in effect during air or overseas travel.
We reserve the right to charge the cost of repair or replacement to any credit card or refundable security deposit if an
instrument not
covered by I.M.R.R. is damaged. This cost of repair or replacement can be anywhere from a minimum of $75.00 repair charge
to a
maximum charge equal to the cash price of the instrument. We must authorize all repairs. You will lose equity accrued when
your
instruments are stolen or badly damaged. This charge is due for payment when damage or loss is reported. Non-payment
may result
in your credit card being charged for the due amount.
9. Reinstatement. If you default on your payment, this Agreement expires. You may reinstate it without losing any rights
previously
acquired by making all payments due within 10 business days of the default. If you return the instrument to us within this time
frame,
you will have 30 days from the date of return to reinstate. If you reinstate, we will furnish you the same instrument or an
instrument of
comparable quality and condition.
10. Credit report. You agree to allow us to obtain a personal credit report at any time during this Agreement.
11. Fractional size string policy. You can trade in any instrument for a larger size as your child grows. We apply 100% of your
rental
payment (excluding taxes, fees, and I.M.R.R.) toward the larger instrument. (You agree that the terms of this Agreement will
apply to
each instrument and exchange if you exchange instruments without signing a new Agreement.)
12. Exchange policy. You may exchange from one instrument type to another instrument type, of equal or greater value and of
the
same inventory grade as the original rental, apply any rental payments made (excluding taxes, fee or I.M.R.R.), and pay any
additional
rental charges which are due during this Agreement. This Policy is only available if your account remains current throughout its
term.
Current rental rates apply to instrument being rented. If you are renting a new instrument and wish to exchange to another
rental
instrument, we will exchange the instrument requested to an instrument of comparable quality at our choice.
13. Security Deposit. If you pay a security deposit, we can use it on any outstanding balance under this Agreement at our
discretion.
You are still required to make your regular payment. Upon satisfactory return of the instrument, we will refund the security
deposit to you
within 4 weeks, less any amounts you owe us. Security deposits do not bear interest unless required by state law.
14. Instrument title. We own the instrument until you make all rental and other payments required under this Agreement or
exercise
your early purchase option. If you declare bankruptcy, we retain the title, and the instrument must be returned to us
immediately. You do
not have the right to keep the instrument if you do not make all of the payments necessary for ownership.
15. Authorization of charge cards. You authorize us to bill against the credit card account listed if your rental account becomes
more
than 10 days past due.
16. e-mail opt-in. By supplying us with your e-mail address, you have agreed to receive our occasional marketing materials
and sales
promotions via e-mail. Your information is always kept confidential. We do not sell or share this information.
instrument or
continue rentingcontinue renting. You may choose monthly plan or long-term rental plan. Discount or free rental may apply if
you
choose 3-, 6-, or 12-month rental plan. Rental fee must be paid in advance. For example, if you choose a 6-month plan, you
pay in
advance every 6-month, there will be no rental fee refund if you cancel the rental agreement early.
2. Renewals. The rental is renewable every 12 months from the rental signup date. Renewal notice will be sent to the
address or
email address two weeks before rental expiration date. Rental fee is subject to change. You agree to let “Kelin Violin Shop”
renew your
contract with us automatically when the old contract expires if we don’t hear from you within FIVE days of rental expiration date.
Please note: Rental rates and/or contract terms are subject to change at the end of any rental period.
3. Billing and change of address. It is your responsibility to inform us in writing of any address change or email address
change
(email to us: info@kelinviolin.com). It is also your responsibility to inform us in writing if you want to make any change
regarding your
rental plan. You will receive e-billing statements from us (email) unless you choose the EZ PAY option.
4. Returns. Returns are to be made by the rental expiration date, late returns will be charged at the highest monthly rate plus a
$10/month late fee.
5. Past due accounts. Rental payment is due first day of the month. There is a FIVE day grace period. A $10.00 late fee will be
charged
after the grace period. Returned check fee: $30.00. Credit Card charge back fee: $35.00.
6. Default. If you fail to make a rental payment within 10 business days of the due date, or fail to observe any other term in this
Agreement, you are in default and this Agreement terminates. If you default and after we give you any notice required by law,
we are
entitled to all legal remedies, including repossession and our damages after 30 days of default. If you default, you must pay us
for all of
our reasonable costs of collection which may include some or all of the following: repossession fee, 25% third party debt
collection fee,
late invoice fees, and third party administrative collection fee plus other court costs and/or legal fees, as permitted by law.
These
amounts are in addition to the underlying balance due. Upon default, any rental credit earned (equity) will be void, and you are
liable for
amounts due us and immediate return of the instrument.
7. EARLY PURCHASE OPTION. At any time after the initial rental payment, you may exercise an early purchase option by
paying the
Cash Price less the total (100%) of rental payments made (first 24 months rental applies), plus any applicable sales tax. I.M.R.
R. does
not apply toward the early purchase option. Account must be current before the early purchase option applies. However, when
you
exercise this early purchase option within 6 months of initial rental signup date, you may use I.M.R.R. and Sales Tax you have
earned
toward your new purchase.
8. I.M.R.R. (Insurance, Maintenance, Repair, Replacement). You can choose I.M.R.R. when this agreement is initiated. You
cannot
add it later. If you choose to purchase this option, with current account, and are not in default of this agreement, you will not be
liable for
the damage to the instrument from all causes. I.M.R.R. will not cover heat damage or theft in a vehicle. There is no coverage
for any
professional use.
I.M.R.R. covers broken bridges, bow rehairing, sound post fall-down and replacement of broken strings with rental quality
strings.
I.M.R.R. also covers scratches and cosmetic damages to the cases.
Major damage to the body of the instrument, including but not limited to broken necks and broken bows and damaged bodies,
and
stolen instruments will result in an I.M.R.R. charge of $15.00 per claim. Claims for stolen instruments must include a police
report. I.M.
R.R. expires when the rental expires. I.M.R.R. is ALSO in effect during air or overseas travel.
We reserve the right to charge the cost of repair or replacement to any credit card or refundable security deposit if an
instrument not
covered by I.M.R.R. is damaged. This cost of repair or replacement can be anywhere from a minimum of $75.00 repair charge
to a
maximum charge equal to the cash price of the instrument. We must authorize all repairs. You will lose equity accrued when
your
instruments are stolen or badly damaged. This charge is due for payment when damage or loss is reported. Non-payment
may result
in your credit card being charged for the due amount.
9. Reinstatement. If you default on your payment, this Agreement expires. You may reinstate it without losing any rights
previously
acquired by making all payments due within 10 business days of the default. If you return the instrument to us within this time
frame,
you will have 30 days from the date of return to reinstate. If you reinstate, we will furnish you the same instrument or an
instrument of
comparable quality and condition.
10. Credit report. You agree to allow us to obtain a personal credit report at any time during this Agreement.
11. Fractional size string policy. You can trade in any instrument for a larger size as your child grows. We apply 100% of your
rental
payment (excluding taxes, fees, and I.M.R.R.) toward the larger instrument. (You agree that the terms of this Agreement will
apply to
each instrument and exchange if you exchange instruments without signing a new Agreement.)
12. Exchange policy. You may exchange from one instrument type to another instrument type, of equal or greater value and of
the
same inventory grade as the original rental, apply any rental payments made (excluding taxes, fee or I.M.R.R.), and pay any
additional
rental charges which are due during this Agreement. This Policy is only available if your account remains current throughout its
term.
Current rental rates apply to instrument being rented. If you are renting a new instrument and wish to exchange to another
rental
instrument, we will exchange the instrument requested to an instrument of comparable quality at our choice.
13. Security Deposit. If you pay a security deposit, we can use it on any outstanding balance under this Agreement at our
discretion.
You are still required to make your regular payment. Upon satisfactory return of the instrument, we will refund the security
deposit to you
within 4 weeks, less any amounts you owe us. Security deposits do not bear interest unless required by state law.
14. Instrument title. We own the instrument until you make all rental and other payments required under this Agreement or
exercise
your early purchase option. If you declare bankruptcy, we retain the title, and the instrument must be returned to us
immediately. You do
not have the right to keep the instrument if you do not make all of the payments necessary for ownership.
15. Authorization of charge cards. You authorize us to bill against the credit card account listed if your rental account becomes
more
than 10 days past due.
16. e-mail opt-in. By supplying us with your e-mail address, you have agreed to receive our occasional marketing materials
and sales
promotions via e-mail. Your information is always kept confidential. We do not sell or share this information.
KELIN INC.
Where the Magic of Music Awaits...