Rentals - Inquire and Apply
Rental Terms and Conditions
This completed and signed document constitutes an agreement between Larsen Enterprises, Inc. (The Lessor) and the aforesigned,
(The Lessee) and is subject to the following terms and conditions:
1. Requirements for renting
A valid Visa, MasterCard or American Express number is a prerequisite for ALL rentals, monthly or 10-month. If the Lessee fails to provide a valid card number, the Lessee must consent to and pass a credit check. The credit card provided must be in the name of the Lessee. One spouse must be employed, and a daytime phone number must be supplied.
2. Rental Payments
a. Ongoing rental payments are payable by pre-authorized monthly debit from a bank account or by monthly Visa, MasterCard or
American Express charges. Payments for all contracts dated from the 1st to the 15th of the month will be taken on or about the 1st of the month. Payments for all contracts dated from the 16th to the 31st of the month will be taken on or about the 16th of the month.
b. In the event that a rental payment is not received on the due date, or a cheque is returned for ANY reason, the payment will
be processed through the Visa, MasterCard or American Express account. Payments returned or declined for ANY reason are subject to a $25.00 service charge, which will be added to the Lessee’s account.
c. If any rental payment is overdue for more than seven (7) days, the Lessor may, at its discretion, terminate this agreement and
collect the instrument. The Lessee remains responsible for all outstanding amounts after collection of the instrument.
a. If insurance has been requested on this agreement, the instrument is covered for loss, theft and for the cost of repairs as a result of accidental damage. Determination of the cause of damage will be made solely by the Lessor. Damage from neglect or abuse is NOT covered. Insurance coverage is void if the instrument is taken outside of British Columbia. In case of theft or vandalism, the Lessee will deliver to the Lessor the police report file number pertaining to the circumstances of the theft or destruction of the instrument.
For student instruments, the insurance premium per instrument per contract is $1.00
per month or $10.00 for a 10-month rental. For larger and intermediate instruments, the premium is $3.00 per month or $30.00 for a 10-month rental.
b. In the event of an insurance claim due to theft, loss or destruction of an instrument, the premium will increase from $1.00 to $3.00 per month or $10.00 to $30.00 per 10 months on a basic instrument, or from $3.00 to $5.00 per month or $30.00 to $50.00 per 10 months on a larger or intermediate instrument.
In the event of a subsequent claim, no further insurance will be offered.
c. In the event of theft, loss or irreparable destruction of an uninsured instrument, the Lessee will be responsible for paying the Lessor the outright sale price, less his or her rental credit, in accordance with para 5(a) (plus taxes).
4. Repair of Rental Instrument
New instruments are warranted against manufacturing defects for a one-year period. Rental instruments are covered against manufacturing defects for a 30-day period. The warranty does not cover broken strings, pad wear, damage, neglect, theft or loss. Routine maintenance will be performed at no charge for the duration of the rental. All repairs and maintenance MUST be performed by the Lessor. The Lessee assumes all financial
responsibility and liability if unauthorized repairs are performed by anyone but the Lessor. Insurance coverage does not include
damage while the instrument is involved in an unauthorized repair.
5. Purchase of Rental Instrument
a. 100% of the first six-months’ basic rent paid (for monthly Lessees) or 100% of the first discounted 10-month’s rent paid will apply to the purchase of the instrument, provided that the account is current and in good standing. Insurance premiums and sales taxes are not included in the equity accrued toward the
b. If more than one Rental Agreement is held by the Lessee, the Lessee agrees that the basic rent accumulated on that Rental Agreement will only be applied to the purchase of the instrument specified on that Rental Agreement or to instruments subsequently exchanged on that Rental Agreement.
c. If the instrument is exchanged for a different instrument, therental credit from the initial rental will be transferred to the subsequent rental instrument of equal or greater value. Where an instrument is exchanged for an instrument of lesser value, a
pro-rated credit will be given, as if the lesser-valued instrument had been rented for the original rental period. If you have been
renting a new instrument and you wish to exchange to another new instrument and purchase it you will receive credit as though
you have been renting a used instrument. Exchange credit will only be issued for accounts in good standing and if the rental
period is uninterrupted.
6. Returning a Rental Instrument
a. The minimum rent payable is one month, payable in advance upon the drawing up of this agreement, and is non-refundable.
b. The Lessee may terminate this agreement by returning the instrument to the Lessor or to one of its depots. Instruments returned to a school will not be considered “returned” and the Lessee will remain responsible for all payments, plus applicable theft and damage charges until the instrument is physically returned to the Lessor or one of its depots.
c. This agreement will be considered terminated when the instrument is returned to the Lessor and the account has a zero balance owing. Upon return, the Lessee is responsible for any overdue payments, for the cost of repairs due to damage, if any, and for the cost of replacing any missing accessory items issued at the time of rental. The Lessee authorizes the Lessor to charge any of the aforementioned outstanding amounts to a credit card account or to continue the pre-approved payments until charges
are fully paid. If the instrument is returned more than 14 days late, a full month’s rent will be charged.
d. Instruments must be returned at least 5 days before a scheduled payment is due in order to halt the transaction. Otherwise, in
the event that an unwarranted payment is taken, a refund will be issued within 2 weeks.
7. 10-month Rentals
If the Lessee opts to prepay rent for a 10-month period, he or she will receive a discount off the ten months’ rent. If the contract is renewed for the next 10-month period before the end of the initial rental period, the Lessee will receive the two in-between months free of charge. The rent for the next 10-month contract MUST be paid before the initial 10-month term has expired in order to be eligible for the rent-free two months. If the Lessee does not renew for the next 10-month term, and the instrument has not been returned to the Lessor before the end of the contract, the Lessor may collect a two-month rental payment through the Lessee’s credit card account. If the instrument is returned or the contract is terminated by the Lessor part-way through the second or subsequent 10-month term, the Lessee becomes ineligible for the previous rent-free two months. Two 10-month terms must be completed in order to be eligible for the intervening two free months. Any credit for a 10-month rental returned early in the term will be prorated based on the regular monthly rental.
a. The Lessee is responsible for all freight or delivery charges relating to the instrument being returned for any reason, including for repair.
b. Title and ownership of this instrument remain with the Lessor until a receipt is issued showing that the Lessee has purchased the instrument.
c. By signing this contract, the Lessee acknowledges that the instrument was received on the date of this contract, in good condition and with all the necessary supplies, as determined by
d. The Lessee acknowledges that any provincial or federal tax increases will be borne by the Lessee on payments due.
e. The sale price and rental rates set out on the reverse of this agreement are subject to approval by the Lessor. If the Lessor does not advise the Lessee of any changes within thirty (30) days of the date of this agreement, then the rates found on the reverse of this agreement will apply. The Lessor reserves the right to correct errors in arithmetical calculation at any time.