Rental Policies
RENTAL AGREEMENT
This Agreement (“Agreement”) is entered into by and between Audio Video L.A., (Star Coat, Inc.), referred to herein as Rentor and _______________________ referred to herein as Rentee.
1. TERMS/RENTAL/PAYMENT: This is a lease of the equipment and accessories (hereinafter collectively referred to as “equipment”) described on the reverse side hereof and not for sale, conditional or otherwise thereof. The term of this lease, is as detailed on each invoice is from day to day with rental payable within or before thirty (30) days after use of the equipment, as specified on the invoice, and Rentee agrees to pay such rental promptly when due.
2. LOCATION: The equipment shall be used only at the locations shown on the estimate or invoice and shall not be removed from these locations without Rentor’s prior written consent.
3. COMPLIANCE WITH LAWS: Rentee shall comply with all laws, ordinances and regulations in anywise relating to the use, operation or maintenance of the equipment and the personnel hired by the Rentor. Rentor’s property labels shall not be removed. Rentee is responsible for ensuring Rentee’s identifying labels are not removed before returning the equipment.
4. ACCEPTANCE: Rentee acknowledges that he has fully inspected and accepted said equipment in good condition and repair.
5. INSPECTION: At all times during business hours, Rentor shall have the right to inspect the equipment or observe it’s use.
6. ALTERATIONS: Rentee shall not make any alternations,or additions or improvements to the equipment without written consent of the Rentor.
7. LOSS AND DAMAGE: Rentee hereby assumes and shall bear the entire risk of loss and damage to the equipment or Rentor’s personnel, employed or hired by the Rentor and working on the event, where the due cause is that of the Rentees’s, except as otherwise provided in following paragraph.
8. SURRENDER: Upon the expiration or earlier termination of this lease, Rentee shall return the equipment and all accessories (including, but not limited to, sensors, connectors, cable, terminations, power cords operation, or maintenance manuals, and test charts furnished by Rentor to Rentee in good repair, in the same condition as said equipment was at the time of delivery thereof to Rentee, ordinary wear and tear resulting from the proper use thereof alone excepted.
9. LIENS: Rentee shall keep the equipment free and clear of all liens and encumbrances whatsoever.
10. WARRANTY: Rentee acknowledges and agrees that Rentor makes no warranty, express or implied, regarding the equipment, including without limitation any warranty or merchantability or fitness for any purpose. Rentor’s obligation to Rentee shall be limited to the repair or replacement of equipment which is defective when delivered to Rentee, and Rentee agrees that this shall be its sole and exclusive remedy against Rentor.
11. DEFAULT: Upon Rentee’s default or breach of any provision hereof, or upon the happening of any event expressed in the following paragraph (12) hereof, Rentor shall have, in addition to all legal remedies available to him, the right to take possession of any or all items of equipment, without demand or notice, wherever the same may be located, without any court order or other process of law and Rentee hereby waives any and all damages occasioned by said taking. There is also a $25 administrative charge for bounced check collection.
12. BANKRUPTCY: Neither this Rental Agreement nor the equipment is assignable or transferable by operation of law, if any proceeding under the Bankruptcy Act, as amended, is commenced by or against the Rentee, or if the Rentee is adjudged insolvent, or makes any assignment for the benefit of his creditors, of if a writ of attachment or execution is levied on any item or items of the equipment and is not released or satisfied within ten (10) days thereafter or if a receiver is appointed in any proceeding or action to which the Rentee is a party with authority to take possession or control of any items of the equipment, Rentor shall have and may exercise any one or more of the remedies set forth in paragraph 11 hereof. This Rental Agreement shall, at the option of the Rentor, without notice, immediately terminate and shall not be treated as an asset of Rentee after the exercise of said option.
13. RENTOR’S EXPENSES: Rentee shall pay Rentor all costs and expenses, including attorney’s fees, incurred by Rentor in exercising any of its rights or remedies hereunder or enforcing any of the terms, conditions, or provisions hereof.
14. ASSIGNMENT, ETC: The Rental Agreement and/or the equipment, may not be assigned, transferred, pledged, hypothecated, sublet or lent by Rentee to anyone without prior written consent of Rentor. Rentor may assign the Rental Agreement and/or mortgage and/or sell said equipment subject to the terms hereof.
15. DEPOSITS AND CANCELLATIONS: Any event over $5,000 needs a 50% deposit paid no less than 14 days before the event. The deposit is NOT refundable except in the case of cancellation in writing received no less than 72 hours before the scheduled load in for the event . Regarding payment of the balance, this is to be paid in full on or before delivery. Cancellation of these events can however be done 72 hours before the event without having to pay for the balance. If the Rentee cancels less than 72 hours before the event load in, then they can receive a 50% of the deposit. If the Rentee cancels less than 24 hours before the scheduled load in they are to pay in full in order to cover our equipment rentals and the technicians lined up who otherwise would not have the work. Our policy remains in force that all events are paid in full on or before delivery except for some regular Rentees who are on 30 days net, as approved in writing.
16. This Agreement and any current copy or counterpart thereof is by this reference incorporated into and made part of any invoice or estimate signed as accepted by the Rentee.
* * *
Definitions:
Liens: charges upon real or personal property for the satisfaction of some duty ordinarily arising by operation of law
Hypothecated: pledged as security without delivery of title or possession
Assignment: The transfer of property to be held in trust or to be used for the benefit if creditors (legal definition)
Copyright © 2018, 2024 Audio Video L.A., All rights reserved
Audio Video LA ~We have you covered
Contact:
818.679.8104
or
info@audiovideola.com
This Agreement (“Agreement”) is entered into by and between Audio Video L.A., (Star Coat, Inc.), referred to herein as Rentor and _______________________ referred to herein as Rentee.
1. TERMS/RENTAL/PAYMENT: This is a lease of the equipment and accessories (hereinafter collectively referred to as “equipment”) described on the reverse side hereof and not for sale, conditional or otherwise thereof. The term of this lease, is as detailed on each invoice is from day to day with rental payable within or before thirty (30) days after use of the equipment, as specified on the invoice, and Rentee agrees to pay such rental promptly when due.
2. LOCATION: The equipment shall be used only at the locations shown on the estimate or invoice and shall not be removed from these locations without Rentor’s prior written consent.
3. COMPLIANCE WITH LAWS: Rentee shall comply with all laws, ordinances and regulations in anywise relating to the use, operation or maintenance of the equipment and the personnel hired by the Rentor. Rentor’s property labels shall not be removed. Rentee is responsible for ensuring Rentee’s identifying labels are not removed before returning the equipment.
4. ACCEPTANCE: Rentee acknowledges that he has fully inspected and accepted said equipment in good condition and repair.
5. INSPECTION: At all times during business hours, Rentor shall have the right to inspect the equipment or observe it’s use.
6. ALTERATIONS: Rentee shall not make any alternations,or additions or improvements to the equipment without written consent of the Rentor.
7. LOSS AND DAMAGE: Rentee hereby assumes and shall bear the entire risk of loss and damage to the equipment or Rentor’s personnel, employed or hired by the Rentor and working on the event, where the due cause is that of the Rentees’s, except as otherwise provided in following paragraph.
8. SURRENDER: Upon the expiration or earlier termination of this lease, Rentee shall return the equipment and all accessories (including, but not limited to, sensors, connectors, cable, terminations, power cords operation, or maintenance manuals, and test charts furnished by Rentor to Rentee in good repair, in the same condition as said equipment was at the time of delivery thereof to Rentee, ordinary wear and tear resulting from the proper use thereof alone excepted.
9. LIENS: Rentee shall keep the equipment free and clear of all liens and encumbrances whatsoever.
10. WARRANTY: Rentee acknowledges and agrees that Rentor makes no warranty, express or implied, regarding the equipment, including without limitation any warranty or merchantability or fitness for any purpose. Rentor’s obligation to Rentee shall be limited to the repair or replacement of equipment which is defective when delivered to Rentee, and Rentee agrees that this shall be its sole and exclusive remedy against Rentor.
11. DEFAULT: Upon Rentee’s default or breach of any provision hereof, or upon the happening of any event expressed in the following paragraph (12) hereof, Rentor shall have, in addition to all legal remedies available to him, the right to take possession of any or all items of equipment, without demand or notice, wherever the same may be located, without any court order or other process of law and Rentee hereby waives any and all damages occasioned by said taking. There is also a $25 administrative charge for bounced check collection.
12. BANKRUPTCY: Neither this Rental Agreement nor the equipment is assignable or transferable by operation of law, if any proceeding under the Bankruptcy Act, as amended, is commenced by or against the Rentee, or if the Rentee is adjudged insolvent, or makes any assignment for the benefit of his creditors, of if a writ of attachment or execution is levied on any item or items of the equipment and is not released or satisfied within ten (10) days thereafter or if a receiver is appointed in any proceeding or action to which the Rentee is a party with authority to take possession or control of any items of the equipment, Rentor shall have and may exercise any one or more of the remedies set forth in paragraph 11 hereof. This Rental Agreement shall, at the option of the Rentor, without notice, immediately terminate and shall not be treated as an asset of Rentee after the exercise of said option.
13. RENTOR’S EXPENSES: Rentee shall pay Rentor all costs and expenses, including attorney’s fees, incurred by Rentor in exercising any of its rights or remedies hereunder or enforcing any of the terms, conditions, or provisions hereof.
14. ASSIGNMENT, ETC: The Rental Agreement and/or the equipment, may not be assigned, transferred, pledged, hypothecated, sublet or lent by Rentee to anyone without prior written consent of Rentor. Rentor may assign the Rental Agreement and/or mortgage and/or sell said equipment subject to the terms hereof.
15. DEPOSITS AND CANCELLATIONS: Any event over $5,000 needs a 50% deposit paid no less than 14 days before the event. The deposit is NOT refundable except in the case of cancellation in writing received no less than 72 hours before the scheduled load in for the event . Regarding payment of the balance, this is to be paid in full on or before delivery. Cancellation of these events can however be done 72 hours before the event without having to pay for the balance. If the Rentee cancels less than 72 hours before the event load in, then they can receive a 50% of the deposit. If the Rentee cancels less than 24 hours before the scheduled load in they are to pay in full in order to cover our equipment rentals and the technicians lined up who otherwise would not have the work. Our policy remains in force that all events are paid in full on or before delivery except for some regular Rentees who are on 30 days net, as approved in writing.
16. This Agreement and any current copy or counterpart thereof is by this reference incorporated into and made part of any invoice or estimate signed as accepted by the Rentee.
* * *
Definitions:
Liens: charges upon real or personal property for the satisfaction of some duty ordinarily arising by operation of law
Hypothecated: pledged as security without delivery of title or possession
Assignment: The transfer of property to be held in trust or to be used for the benefit if creditors (legal definition)
Copyright © 2018, 2024 Audio Video L.A., All rights reserved
Audio Video LA ~We have you covered
Contact:
818.679.8104
or
info@audiovideola.com
Visit our homepage to learn more about our audio visual rentals!