Salt Lake Appliance Rental, LLC (“SLAR”) is pleased to have you as a customer. Your acceptance and use of the appliance(s) described on your order summary (“Equipment”) constitutes your agreement to the following Lease Agreement and Terms and Conditions, including, without limitation, payment of rent at the rental rate shown on your order summary (herein the “Monthly Rate”). If you have any questions, please contact Salt Lake Appliance Rental
1. Rent Payments
You agree to pay the initial Monthly Rate plus applicable taxes prior to installation. Monthly payments are due on the same day of each subsequent month. Your Monthly Rate includes fees and applicable taxes. THIS IS A LEASE, NOT A PURCHASE. Ownership of the Equipment remains with SLAR at all times. You will not acquire ownership of the Equipment, regardless of the length of rental. THE EQUIPMENT IS OWNED BY SLAR AND MUST BE RETURNED WHEN YOU CANCEL THE LEASE OR AFTER YOUR DEFAULT. YOU AGREE NOT TO REMOVE OR DEFACE THE STICKER ON THE EQUIPMENT SHOWING THAT SLAR OWNS THE EQUIPMENT.
2. Equipment
SLAR and RENTER agree to enter into a binding agreement for the leasing of one set of washer and dryer, hereinafter known as the “Equipment” for a minimum period of 6 months.*
3. Rental Term
The lease term begins on the date the Equipment is delivered. SLAR requires payment of rent for a minimum period of 180 days (6 monthly rate payments), after which the lease continues month-to-month until terminated. You may terminate tce. The final month’s rent will not be prorated. Rent must be paid until Equipment is retrieved by SLAR.
4. Fees and Charges
In addition to the Monthly Rate, you agree to pay the following fees: a Delivery Fee of $35 per delivery or installation attempt; A late fee of $15 will be assessed for any payment not received by the due date. This fee will be applied on the first calendar day following the due date; a Move Fee of $35 for relocation of equipment; a Reschedule Fee of $35 for each rescheduled delivery or missed service appointment. All fees are subject to applicable state law limitations and may be modified upon notice to you. Payments are made via automatic debit/ credit transaction. Page 1 of 5
5. Use and Return of Equipment
Equipment is for personal use at the delivery address only. You must not move the Equipment without SLAR’s consent. If you move, SLAR must handle the relocation, subject to the applicable Move Fee. Monthly rent continues until SLAR retrieves the Equipment. If lost or stolen, you are liable for the Equipment’s replacement cost and all associated collection costs.
6. Limited Warranty; Remedy for Defects
SLAR UNDERTAKES NO RESPONSIBILITY FOR THE QUALITY OF THE EQUIPMENT EXCEPT AS PROVIDED IN THIS AGREEMENT. SLAR ASSUMES NO RESPONSIBILITY THAT THE EQUIPMENT WILL BE FIT FOR ANY PARTICULAR PURPOSE FOR WHICH YOU MAY BE LEASING THE EQUIPMENT. ALL IMPLIED WARRANTIES OF MERCHANT ABILITY AND FITNESS FOR A PARTICULAR PURPOSE ARE EXPRESSLY EXCLUDED. Upon delivery, inspect the Equipment and report damage within three (3) business days. For mechanical defects due to manufacturing, SLAR will repair or replace at no cost. Unauthorized repairs are prohibited. You agree that you will not attempt to repair the Equipment yourself or allow anyone other than SLAR or its contractors to repair the Equipment. You will be responsible for any damage to the Equipment resulting from any faulty repair work done by you or others. SLAR warranties all equipment and installation services. If there is damage that occurs due to improper installation then SLAR is responsible for damages. SLAR IS NOT RESPONSIBLE FOR DAMAGES THAT OCCUR DUE TO MALFUNCTIONING MACHINES. If equipment fails, then SLAR will repair or replace the machine. All damages will be paid by the renter / property owner / or insurance. We STRONGLY urge all renters to have insurance.
7. Equipment Damage or Malfunction Due to Abuse
You agree to use the Equipment only in accordance with manufacturer’s instructions as indicated on the inside lid or door of the Equipment. You agree to be solely responsible and liable to SLAR for any damage to the Equipment and the cost of any repairs caused by the gross negligence, intentional misuse or abuse of Equipment, whether caused by you or anyone else.
8. Indemnification
YOU AGREE TO RELEASE, INDEMNIFY AND HOLD SALT LAKE APPLIANCE RENTAL AND ITS AGENTS HARMLESS FROM ANY LIABILITY OR DAMAGES ARISING FROM EQUIPMENT MALFUNCTION, NEGLIGENCE, MISUSE OR ABUSE OF THE EQUIPMENT DURING THE TIME THE EQUIPMENT IS IN YOUR POSSESSION WHICH WAS CAUSED BY YOU, ANY UNIT CO-RENTER, FAMILY MEMBER, GUEST, OR INVITEES. Page 2 of 5
9. Key Release Authorization
YOU AGREE TO ALLOW SLAR OR ITS AUTHORIZED AGENTS OR INDEPENDENT CONTRACTORS, ACCESS TO THE EQUIPMENT IN YOUR APARTMENT (PERMISSION IS GRANTED FOR THE APARTMENT LEASING OFFICE TO RELEASE A KEY) FOR THE PURPOSE MAKING DELIVERY, REPAIR, MAINTENANCE, REPLACEMENT OR REMOVAL (INCLUDING DELINQUENT PAYMENTS) OF THE EQUIPMENT IN THE EVENT YOU ARE NOT PHYSICALLY PRESENT IN YOUR APARTMENT AT THE TIME OF DELIVERY, REPAIR, MAINTENANCE, REPLACEMENT OR REMOVAL OF THE EQUIPMENT. IN THE EVENT OF YOUR DEFAULT, AND IF YOU FAIL TO CURE YOUR DEFAULT AFTER TEN (10) DAYS WRITTEN NOTICE FROM SALT LAKE APPLIANCE RENTAL, YOU HEREBY AUTHORIZE AND DIRECT THE MANAGEMENT OF YOUR APARTMENT COMMUNITY, ON SALT LAKE APPLIANCE RENTAL’S REQUEST, TO PROVIDE SALT LAKE APPLIANCE RENTAL OR ITS AGENTS OR INDEPENDENT CONTRACTORS WITH A KEY TO YOUR APARTMENT, SO THAT SALT LAKE APPLIANCE RENTAL OR ITS AGENTS OR INDEPENDENT CONTRACTORS MAY, WITHOUT BREACH OF THE PEACE, ENTER YOUR APARTMENT IN YOUR ABSENCE AND RETRIEVE THE EQUIPMENT. YOU AGREE TO INDEMNIFY AND HOLD SALT LAKE APPLIANCE RENTAL; IT’S AGENTS AND INDEPENDENT CONTRACTORS, AND THE MANAGEMENT AND OWNERS OF YOUR APARTMENT COMMUNITY, HARMLESS FROM ANY LIABILITY REGARDING ENTRY AND ACCESS TO YOUR APARTMENT IN RELIANCE ON THIS KEY RELEASE AUTHORIZATION FOR THE PURPOSE OF REMOVING THE EQUIPMENT AFTER YOUR DEFAULT. SALT LAKE APPLIANCE RENTAL AGREES TO RETURN THE KEY TO YOUR APARTMENT MANAGER AFTER REMOVING THE EQUIPMENT.
10. Default
You will be in default under your Lease Agreement & Terms and Conditions if any of the following should occur: (a) you fail to pay the full Monthly Rate payment or any other applicable fees, charges or damages when due; (b) you breach any of the terms of your lease agreement or these Terms and Conditions; or (c) SLAR in good faith believes the prospect of payment or performance is impaired. You agree to waive any requirement that SLAR provide you with notice of default.
11. Remedies
If an event of default occurs, SLAR may exercise one or more of the following remedies: (a) cancel your lease; (b) take possession of the Equipment with or without judicial process, but any non-judicial repossession in your absence from your apartment may only be pursued without breach of the peace in accordance Page of 3 5 with Paragraph 9 above; (c) recover any unpaid Monthly Rate payments owed through the date the Equipment is picked up by SALT LAKE APPLIANCE RENTAL; (d) cancel the lease and collect unpaid Monthly Rate payments through the date of cancellation plus fair market value if the Equipment has been lost, stolen, or cannot be picked up by SLAR; (d) recover all reasonable collection costs incurred by SLAR including reasonable fees paid to third party collectors and/or attorneys to the extent allowed by applicable law; (e) CREDIT APPROVAL is not required ; and/or (f) pursue any other rights or remedies allowed by applicable law. You agree to pay all of SLAR’s expenses and costs of enforcing these Terms and Conditions, including reasonable attorney’s fees and expenses, as allowed by applicable law, whether or not a lawsuit is filed. SLAR reserves the right to report you to credit bureaus if you do not pay all amounts owed by you under these Terms and Conditions and you hereby authorize SLAR to file such reports.
12. Arbitration
Any dispute will be subject to binding arbitration in accordance with the Federal Arbitration Act and the Consumer Due Process Protocol of the American Arbitration Association (“AAA”). Either party may initiate arbitration at any time, even after litigation has commenced. Arbitration precludes the right to trial by jury or court. ARBITRATION OF A DISPUTE SHALL BE MANDATORY FOR BOTH PARTIES UPON THE ELECTION BY EITHER PARTY TO ARBITRATE, REGARDLESS OF WHEN SUCH ELECTION IS MADE (INCLUDING ELECTIONS MADE AFTER THE INITIATION OF A LAWSUIT OR COUNTER-SUIT IN ANY COURT OR TRIBUNAL OF COMPETENT JURISDICTION). IF ARBITRATION IS SELECTED BE EITHER PARTY, YOU AND SLAR AGREE THAT SUCH ELECTION WILL PRECLUDE EITHER PARTY FROM HAVING THE DISPUTE HEARD OR DECIDED BEFORE A JURY OR COURT OF LAW. You may obtain more information on Arbitrations at www.adr.org.
13. Standing Authorization Terms for Credit/Debit Card
By providing your credit/debit card information, you authorize SLAR to: – Retain your card on file; – Charge for monthly rent, past due balances, fees, damages, and applicable taxes; – Re-submit any declined transactions. You may cancel this Authorization with ten (10) days’ written notice. Disputes are subject to the dispute resolution terms herein. SLAR reserves the right to amend this Authorization with reasonable prior notice. Page of 4 5
14. Termination The Company reserves the right to refuse service or terminate delivery, installation, or maintenance at its sole discretion, provided such refusal is in accordance with all applicable laws and regulations. Contact Information: Salt Lake Appliance Rental, LLC Email: [email protected] Acknowledgment By accepting delivery and/or using the Equipment, you agree to all terms outlined in this Lease Agreement & Terms and Conditions.