“Kniskern Music House, Inc.” will be referred to as “KMH”
Term: Customer agrees to rent the instrument for the initial rental period. After the initial rental period, if the customer wishes to keep the instrument, customer shall pay the monthly rental fee.
Termination: Customer may terminate the lease at any time by returning the instrument to KMH in good condition or notifying KMH that the instrument has been left in school and by paying all amounts due to KMH. KMH is not required to refund for the unused portion of any month. Participants from all school districts, other than Saratoga School District, must drop off and pick up instrument from KMH.
Maintenance & Repair Coverage (M&R): KMH will pay for all labor on repairs not due to negligence as long as your monthly rental and optional M&R payments are up to date. KMH will not cover repairs due to negligence or malicious damage. All repairs of Saratoga Springs School District KMH instruments are to be done by KMH. If the account falls behind customer will be responsible or the overdue payments, repairs and late fees. Service does not include expendable items such as strings, bows, cases, etc. Under the M&R program, KMH will replace instrument with one of equal quality for a deductible charge of $95.00 or 20% of the value (whichever is greater). Proof of loss and circumstances satisfactory to KMH will be required. For using the M&R coverage, the rental account must be current and the renter must file a police report within 24 hours and notify KMH within 48 hours of occurrence of damage or loss. If M&R is waived, customer must pay KMH the cost of repair or the fair market value of the instrument within 15 days after billing of such charges.
Option to Purchase: Customer may elect to purchase the instrument during the term of the lease by paying the balance of the instrument purchase price of the full/size instrument selected by KMH. Customer will receive 100% credit of the rental payments up to and including the month of October of 7 th grade towards the purchase of the selected full/size instrument. KMH will honor the accumulated rental payments towards the selected full/size instrument only for the child for whom this contract is deemed.
Late Charge: A late charge of $25.00 will be charged to customer’s credit card for any payment not received within seven days after the due date.
Non-Payment of Rental: If customer does not make payment when due, does not contact KMH with updated credit card, and had not returned the instrument within 10 days after due date thank customer shall be deemed to be liable to KMH for the purchase price of instrument. Rental credit does not apply when contract is in default.
Instrument Return: An instrument must be returned on or before the due date to avoid paying another month rent.
Default: If customer defaults in any payment or obligation and KMH refers this matter to a collection agency or attorney for collection, then customer agrees to pay, in addition to any sums due to KMH, the reasonable collection agency or attorney fee incurred plus court cost and interest from total amount due at the rate of 24% per annum.
Ownership: Customer does not own the instrument until all necessary payments have been made to purchase the instrument as selected by KMH.
Warranty: Instrument maintains manufacture warranty, absent damage or negligence.
Credit Card: KMH is authorized to process rental payments on the payment due date until this lease is terminated or customer gives written notice not to use the credit card for payment. Instrument payment is due the first of every month after your four month trial period.
I have read, understand, and agree to the Kniskern Music House, Inc. instrument rental terms and conditions. Please verify your information before submitting.
Kathleen Kniskern SDA