Terms and Conditions

LISLE VIOLIN SHOP

RENTAL AGREEMENT TERMS

RENTER AGREES to pay to LISLE VIOLIN SHOP, 4510 Burke Road, Pasadena, Texas 77504 or any other place designated in writing by LISLE VIOLIN SHOP the TOTAL MONTHLY PAYMENT as stated above for each month, in advance, that the instrument, bow, and/or case are provided by LISLE VIOLIN SHOP for the use of the RENTER. RENTER AGREES to maintain the instrument, bow, and/or case in excellent condition and submit the instrument, etc., to LISLE VIOLIN SHOP for maintenance and repairs as needed under the terms and conditions of the PROTECTION PLAN, if elected.

PLEASE NOTE: If the Protection Plan is not elected, RENTER agrees to pay for maintenance and repair costs during the term of the rental and/or at the conclusion of the rental contract according to the usual and customary charges for repair at LISLE VIOLIN SHOP.

RENTER MAY CANCEL this contract at any time, provided that all charges are paid in full, by returning the instrument, bow, and/or case to Lisle Violin Shop. The RENTER must have PRIOR CONSENT from Lisle Violin Shop to return items at a school, or otherwise the customer WILL REMAIN RESPONSIBLE FOR ALL CHARGES AND FEES.

RENTER will accrue a discount toward the purchase of this or another larger or more expensive instrument equal to the monthly rental fees (100% of rental fees), excluding Protection Plan and Sales Tax, paid on this agreement; provided the maximum credit allowed toward any instrument, case, and bow purchase may not exceed 80% of the purchase prices of that instrument, case, and bow. Discount towards purchase must be applied within 10 days of termination of this contract. Discounts are not held for future application, and are NON-TRANSFERABLE. RENTER must elect to purchase. Conversion of a current rental account to purchase is not automatic.

FIRST PAYMENT is due on or before delivery. SUBSEQUENT PAYMENTS are due on the first of each month. PAYMENTS ARE NOT PRORATED. If the rental agreement is not terminated by the tenth day of the month, the RENTER must pay the full rental charges for that month. Statements will be sent on or about the 5^th of each month WITH THE CHARGES POSTED FOR THE FOLLOWING MONTH. Payments not received within forty (40) days of the invoice date will be subject to a LATE CHARGE of 1.5% of the amount due or $2.00, whichever is greater; and maintenance and replacement protection, if applicable, will be suspended until the charges are paid in full. There will be a $15.00 handling fee for checks returned to us unpaid for any reason.

Failure to receive a statement does not release the RENTER from the responsibility of making timely payments. No maintenance or replacements will be made under the terms of the Protection Plan, if applicable, prior to receipt of the first payment. Loss due to fire, theft, flood, or accidental damage prior to the receipt of the first payment will not be covered and will be the responsibility of the RENTER.

INSTRUMENT, BOW, and CASE are the property of LISLE VIOLIN SHOP. RENTER grants to LISLE VIOLIN SHOP the right to recover the instrument, case, and/or bow at any place, and time, by any legal means, for nonpayment of charges. LISLE VIOLIN SHOP reserves the right to charge the RENTER the full value of the instrument, case, and/or bow if the account is delinquent 120 days or more. In addition, the RENTER will be liable for reasonable collection and attorney’s fees where this contract is referred to a collection agent or attorney who is not a salaried employee of LISLE VIOLIN SHOP, and court costs.