Rental Contract Terms: Instrument shall be rented for a minimum period of one month. All fees for the initial one-month rental period are due upon contract signing and must be charged to a valid credit card. This initial payment is non-refundable should Renter decide to return the instrument before the initial one-month rental period expires. The total contract length is stated as “Term”. The rental payment due date will be as follows:

Purchase Date: 1st-10th, Monthly Payment Due on the 5th.

Purchase Date: 11th-20th, Monthly Payment Due on the 15th.

Purchase Date: 21st-31st, Monthly Payment Due on the 25th.

Following rental payments will be do on the same day for each consecutive month until the total rental purchase price is met, or the customer chooses to purchase the instrument.

Return: The Renter may return the instrument to STMM at any time, however no refunds will be issued. This agreement will be cancelled provided all fees have been paid up to the date of return. THE INSTRUMENT MUST BE RETURNED TO STMM’S PHYSICAL LOCATION FOR THE CONTRACT TO BE CANCELLED. IF THE INSTRUMENT IS RETURNED TO THE BAND DIRECTOR FOR SCHOOL PICKUP BY STMM, STMM MUST BE INFORMED IN WRITING (EMAIL) PRIOR TO RETURN. PICKUP REQUESTS MAY BE SENT TO STMM.BILLING@GMAIL.COM. CONTRACT WILL NOT BE CANCELLED AND RENTER WILL CONTINUE TO BE CHARGED UNTIL THE INSTRUMENT ARRIVES BACK AT STMM’S PHYSICAL LOCATION.

Interest & Service Charges: STMM will not charge any interest or finance charges for the entire length of the contract.

Rental Purchase Options: STMM will apply 100% of Rental Fees paid for the agreed total contract period (excluding maintenance fees & taxes) toward ownership of the rented instrument. A 35% discount will be applied to the total rental purchase price if the instrument is purchased before contract expiration. This offer applies at any point during the contract but must be exercised before the end of the total contract period. Rental credit stops accumulating when total contract period ends. Renter agrees to forfeit any accumulated purchase credit for failure to pay or once an instrument is returned. STMM will apply 9 months of Rental Fees paid towards the purchase of an approved step-up instrument. (Does not apply to financed instruments) Rental instrument must be returned to STMM to apply Rental Fee equity towards step-up instrument.

Automatic Payment: Renter authorizes automatic debiting of the credit card on file for monthly payments, late fees or any other amounts due.

Late Charge: If a rental payment is not received within 10 (ten) days of due date, a $5 penalty will be charged to Renter for all months that this account is delinquent. Late fees do not add to Renter’s equity for rental purchase options.

Credit Card Authorization: If monthly payment is declined, STMM is authorized to submit a charge for the amount due to any of Renter's cards on file, plus any late fees due, each subsequent day until successful payment has been made. STMM is not responsible or liable for any NSF credit card or bank fees due to declined charge attempts. If the Renter is declared in default of this Agreement as outlined herein, STMM is authorized to submit a charge for the total sums owed under this Agreement including any late fees. If STMM takes possession of the equipment, a charge will be submitted to any of the Renter's cards on file for any past due payments, necessary repairs, damage, collection fees, and attorney fees.

Default: STMM can declare a Renter to be in default if (i) Renter fails to pay a scheduled rental payment and late charge within 10 days after the due date of the scheduled rental payment, (ii) Renter provided inaccurate or misleading information on this agreement, (iii) any other circumstance that STMM feels endangers the safety of the equipment. Once STMM declares a Renter to be in default, the equipment must be returned to STMM within 24 hours or it will be subject to repossession. Failure to return the rented equipment to STMM in the event of default at their request may constitute under the laws of this state, an act of theft which is considered a felony punishable by fine or imprisonment.

Repossession: If STMM declares a Renter to be in default of this Agreement, STMM is entitled to repossess the equipment according to the State of Texas and Federal law. If STMM takes possession of the equipment, it is agreed that this agreement shall terminate and there shall be no further responsibility on either party with the exception that the Renter will be liable for past due payments, any damage to the instrument (beyond normal wear & tear), any necessary repairs, attorney’s fees, and any associated collection fees. The rental instrument remains property of STMM until expiration of contract.

Loss & Damage: Renter is responsible and liable for the loss, theft, mysterious disappearance, or damage of the rented equipment other than ordinary wear and tear. In the event of loss, theft, or damage beyond repair of rented equipment, Renter will be responsible for compensating STMM in an amount equal to the Rental Purchase Price of the equipment in question, less any applicable Rental Fees paid. Renter must notify STMM within 48 hours of a lost or stolen instrument and agrees to compensate STMM for instrument within 14 (fourteen) days of report.

Maintenance Agreement (MA): Covers adjustments or repairs needed to maintain the instrument's proper playing condition. Cosmetic damage, and damage deemed "Beyond Normal Wear & Tear", will only be covered after inspection and at the discretion of a STMM Repair Technician. If damage is determined to be "Beyond Normal Wear & Tear", customer will be responsible for the full repair price as estimated by an authorized STMM Repair Technician. INSTRUMENT MAY ONLY BE SERVICED BY STMM. SERVICE COMPLETED ELSEWHERE WILL CANCEL THE RENTAL CONTRACT AND FORFEIT ANY RENTAL CREDIT.

Accessories and/or Supplies (such as, but not limited too: Cases, Mouthpieces, Swabs, Oils, Sticks, etc) will NOT be covered under this agreement.

Coverage becomes suspended when the account is more than ten (10) days past due, and may only be reinstated with current payment and permission of South Texas Music Mart, Inc.

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