Rental Contract Terms & Conditions
I. Leonards Music LLC holds the title of ownership until the instrument is paid in full. Signee is responsible for the instrument until it is returned to Leonards Music LLC.
II. Instruments are rented on a monthly basis, payable in advance. There are no refunds and rental payments are not pro-rated. Rent is due on the date stated above until the instrument is returned to Leonards Music LLC, regardless of whether or not an instrument is being used.
III. For customers who choose to pay by check, please note that Leonards Music LLC does not bill. An email reminder will be sent out once a month.
IV. A $25.00 fee will be charged for each returned check.
V. All routine maintenance will be performed by Leonards Music LLC for the duration of the contract for accounts in good standing. Any damage caused by abuse, neglect, or improper repairs performed by anyone other than Leonards Music LLC, will be paid for by signee; Leonards Music LLC is not responsible. Any and all fees are to be at the discretion of Leonards Music LLC.
VI. In the event that this instrument is damaged, lost, or stolen; signee agrees to either pay for the necessary repairs or to pay the full MSRP minus any payments already made. Optional insurance against fire, theft, and accidental damage is available.
VII. A. All band instruments are rent to own; length of contract is indicated above. Signee may purchase the instrument within the first 12 months at a 35% discount off the remaining balance. After the first 12 months the discount will be 25% off the remaining balance. Earned credit has no monetary value and may only be applied to the instrument on current contract.
B. Full size string instruments are rent to own; fractional string instruments are lease only. String instruments can be traded for a larger size at any time. 100% of the first 12 months of rental fees and 25% of all subsequent rental fees can be applied towards the purchase of a full size instrument.
VIII. Signee agrees to notify Leonards Music LLC of any changes in address, telephone number(s), employment information, credit card number, or expiration date within 30 days.
IX. A late fee of $5.00 will be added to each monthly payment more than 30 days past due.
X. For accounts that remain unpaid for more than 30 days, the remaining balance of the contract and any late fees may be charged to any current credit card listed on file or turned over to a collection agency at the option of Leonards Music LLC. Any collection expenses will be paid by signee.
XI. If signee chooses to discontinue this contract at any time, the instrument must be returned to Leonards Music LLC in the same condition it was rented (excluding reasonable wear and tear). Signee will return the instrument with ALL accessories that were given at time of rental. If the given accessories are not returned, and payment is not made within 14 days, the credit card on file will be charged full retail price of the items.
XII. If signee decides not to continue this contract at any time, it is the sole responsibility of the signee to make sure that the instrument is promptly returned to Leonards Music LLC. The student’s school is not a party to this transaction. Signee will schedule a pick up or drop off with Leonards Music LLC.
XIII. If the instrument is returned to Leonards Music LLC, this contract will be terminated and all credit previously paid towards the purchase price of the instrument is forfeited. For this reason, it is suggested that instruments continue to be rented over the summer months.
XIV. Accepting possession of a rental instrument constitutes agreement with the terms of this contract.
Fire, Theft, and Accidental Damage Insurance (optional)
I. Damage to the rented instrument will be repaired to proper playing condition unless caused by deliberate destruction, abuse or neglect. Coverage does not apply to deterioration of appearance, which does not affect the performance of the instrument; such as scratches, minor dents, and finish.
II. Any and all damage will be assessed by Leonards Music LLC to determine insurance coverage.
III. Leonards Music LLC reserves the right to be the sole judge of any repair costs not covered by insurance or replacement of damaged instrument.
IV. In the event of loss through theft, total destruction by fire or accident, the instrument will be replaced with one of equal quality, age and value, as determined by Leonards Music LLC. The insurance will only cover one replacement instrument. V. Insurance does not include: mouthpieces, ligatures, mouthpiece caps, reeds, swabs, neck straps, grease, oil, mallets, drumsticks, drumheads, stands rosin, string breakage (after the first 30 days of the rental agreement), or cases, with the exception of full percussion kit cases.
VI. All repairs and replacements of the rented instrument under this coverage must be made by Leonards Music LLC. Evidence of outside repair will void this coverage, and signee will be responsible for all costs incurred to repair or replace the instrument.
VII. If Leonards Music LLC determines that there is a pattern of abuse, Leonards Music LLC has the right to rescind future insurance coverage.
VIII. If the instrument is stored in a case or bag not provided or approved by Leonards Music LLC, the insurance may be voided. Insurance is voided if the instrument is transported by air or taken out of the United States without prior authorization from Leonards Music LLC.
IX. Loss due to theft of the instrument must be reported to Leonards Music LLC and the police within 48 hours of loss. A copy of the police report must be submitted to Leonards Music LLC within 10 days. Insurance does not cover mysterious disappearance or by any circumstances in which breaking and entering is not a factor.
X. Loss due to fire must be reported to Leonards Music LLC and the local fire department within 48 hours. Proof of loss must be submitted to Leonards Music LLC within 10 days.
XI. Insurance cannot be added after the rental contract has begun. Insurance may be cancelled at any time. Any changes made in regards to insurance require filling out a new insurance form.
XII. Failure to pay the insurance fee will terminate coverage automatically.
XIII. Once the instrument is paid in full, insurance coverage will expire. All costs for maintenance and repairs are to be paid for by the owner of the instrument at that time.