Harp Rental Contract - Terms of service.

The signatory parties do hereby freely enter into an instrument rental agreement. “The Burlington Violin Shop” is a registered trade name owned by Vermont Violins, Inc. Payments and Terms of Equity Accrual: Rental Payments are on the same day each month as the original date of contract. Unless specially noted, all rentals are subject to the autopay process. Credit cards will be charged accordingly.

Autopay: Lessee authorizes Vermont Violins, Inc. to charge his or her credit/debit card listed for past due charges and term rentals whenever the rent is due. It is understood that enrollment is for the duration of the rental contract. Vermont Violins does not send rental invoices. Lessee is responsible for making timely payments. Lessee agrees to a term of twenty-four months at the conclusion of which (if all payments have been received in full, inclusive of late fees and/or interest) lessee will assume full ownership of the instrument with no further charges due. If Lessee opts to return the harp prior to the end of term, s/he will be liable only for rental accrued to the end of the current month. No refunds will be given for rent paid Equity from harp rental may not be applied towards other, non-harp, instruments nor may equity from non-harp instruments be applied towards harps. Early pay-off benefits are available if lessee wishes to pay off the balance due prior to the end of the 24-month term. Rental premium would apply, prorated for the duration of the period from the inception date to the date of early pay-off. Open months will not be pro-rated: calculations are made based on the next monthly term date. Returning a leased harp prior to the end of the 24 month period will close the contract and cancel any equity accrued to that date.

Late Payments: A late payment fee will be assessed in the event payment is in excess of thirty days late. In the event a payment is in excess of 120 days late, Vermont Violins, Inc. reserves the right to either demand return of the instrument or, at its sole discretion, payment for full value of the instrument (less accrued credit) and all past-due charges, inclusive of late fees and sales tax. Vermont Violins, Inc. reserves the right to engage third-party collections agents in the event in-house collections efforts fail. Lessee agrees to pay all court costs, reasonable attorney’s fees, and fees assessed by third partycollections agents incurred should legal or collections action be required for the return of the instrument, collection of rental payments or collection of repair fees.

Long-Distance: Lessee is responsible for all postage and shipping costs associated with the rental instrument. Lessee must obtain permission in advance from Vermont Violins, Inc in the event they wish totake the instrument out of the United States. Permission is also required if the Lessee is moving permanently out of New England or the United States and wish to continue the instrument rental.

Damage: • Lessee is responsible for all damage incurred to the harp. Harp may only be returned to the shop in resaleable condition, as determined by Vermont Violins and the Burlington Violin Shop’s sole discretion. Normal wear notwithstanding. If harp is damaged beyond repair, the option to return will no longer be available.