Rental Terms and Conditions

PAYMENT: Upon expiration of the initial rental period, the rental shall be on a month-to-month basis. The monthly rent plus tax and M&R, if applicable, is payable each month in advance during the term of the rental agreement. A late fee of $5.00 per month will be imposed for payments received more than 5 days past the due date each month. All payments will be made to Flesher-Hinton Music Co.

RETURNS/PURCHASE: The instrument may be returned at any time. No partial month or initial rental period refunds are allowed. The renter has the option to purchase the listed instrument, or another of equal or greater value, and the base rent will be applied to the retail price of the instrument except strings where the rent applies only to a full size instrument. Sales tax will be added to the net balance at the time of purchase. Rent does not apply to discounted prices. Rent moneys paid on this contract may not be applied to any other contract in force. Renter has no equity in the instrument until the purchase option is exercised. If this rental property is returned, it must be in the same condition as received, normal wear excepted.

EXCHANGE: Renter may exchange the instrument for another type instrument, OR one of the same type, one time, with the exception of string instrument changes required by size increases. Once a full size string instrument is involved, the one time exchange rule applies. Instrument may be exchanged for one of lesser value, however, the rent applied will be reduced proportionately by percent based on the difference between the higher and lower retail price.

GENERAL: Renter agrees not to permanently remove this property from the listed address without notifying FHMC. This property may not be removed from the state of Colorado. Renter agrees to promptly notify FHMC when moving or changing phone numbers. No interest in this property may be transferred or assigned to another entity or person. 

DEFAULT: Filing for bankruptcy automatically defaults this contract. Immediate arrangements to return the rental property must be made by renter. This property does not constitute an asset in any bankruptcy estate. If the renter defaults in payment or any other provision of this contract, and fails to resolve issues within ten days of written notice, FHMC may take possession of the property wherever found, school or elsewhere. Renter also understands and agrees that if this contract is assigned to a collection agency, FHMC will no longer accept the return of this property, and will charge the renter the full retail price of the property in addition to all other amounts due under this agreement. Renter understands and agrees to be responsible for all rental fees due and all applicable costs involved in the recovery of this property including, but not limited to, court costs, attorney fees, collection agency charges, and damage to the property, if applicable.