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| RENT TO OWN TERMS AND CONDITIONS YOUR RIGHT OF TERMINATION: You may terminate this agreement at any time by returning the instrument in its present condition (fair wear and tear accepted) to any Rieman Music location. No further charges will be incurred, providing your account is paid current. If you choose to return the instrument via one of our school route salesmen, you must notify our office immediately. OUR RIGHT OF TERMINATION: We may terminate this agreement upon default of payment or breach of any other material term of this agreement. In the event of default of payment, you are hereby authorizing Frank Rieman Music, Inc. to repossess the instrument wherever located. If we terminate this agreement, we shall be entitled to all rental payments and other charges due up to the date of termination, as well as a $50.00 repossession fee if you fail to return the property to us. TERMS AND CONDITIONS AS OF JULY 1, 2022: 1. Rieman Music will retain ownership of the property until all payments are made. If the property is lost, stolen, damaged or destroyed, you will be responsible for the remaining balance at the time of the loss or damage. You cannot sell, pledge, mortgage, pawn or otherwise dispose of the property until you have made all payments required to own. 2. Rent to Own applicants must reside in the geographical areas serviced by Rieman Music. You must notify Rieman Music of any changes that may occur with regard to the information on this Agreement. This includes change of name, address, school, bank account or credit card number, etc. 3. By agreeing to these terms, you authorize Rieman Music to investigate your employment and credit history. 4. Frank Rieman Music, Inc. gives no warranties with respect to the instrument or the use of the instrument. Provisions of the Repair and Maintenance agreement accepted, provided your account is in good standing. 5. A late fee of $15.00 will be assessed to all accounts if payment is received later than 10 days past due date. 6. A $35.00 charge will be added to all dishonored payments, whether submitted by check, credit card, or our automatic payment program. 7. Any accounts turned over to an outside collection agency will have additional fees, up to 35% of the owed debt, added to cover cost of collections. 8. If a customer disputes a credit card transaction with their credit card company, for no fault of Frank Rieman Music Inc., a $25.00 fee will be added when reprocessing the transaction. 9. By accepting these terms and agreements, you are giving Rieman Music authorization to debit your credit card or checking account every month for any charges due for this account. Any returned or declined payments will be subject to a $35 fee. 10. Early Pay Discounts are available for all Rent to Own customers with accounts that are current and in good standing. Please call us for the payoff balance at any time. 11. Return of the property prior to the expiration of a rental period does not entitle you to any refund of any rental payment(s) already made. 12. Please call 800-372-6051 to request specific details on your completed rental contract. PRIVACY POLICY: I understand that in connection with this contract, Frank Rieman Music, Inc. may collect non-public personal or financial information about me. Frank Rieman Music, Inc. is committed to maintaining my private information confidential and will restrict access to my non-public information to only those employees who need to know such information in order to obtain my credit report, service my account, or enforce any term or condition of this contract. Frank Rieman Music, Inc. maintains physical, electronic, and procedural safeguards to protect my non-public information. In addition, on occasion Frank Rieman Music, Inc. may disclose my name and address to third parties for the purpose of special promotions or special events. I understand that I should contact a corporate Officer at Frank Rieman Music, Inc. if I have further questions regarding my privacy rights as stated on this contract or think that there has been a breach of my rights hereunder. |
| LEASE TERMS AND CONDITIONS 1. Leased instruments must reside in the geographical areas serviced by Rieman Music and will remain property of Rieman Music, Inc. 2. Lease period begins on date listed on top of lease contract. Lease payments shall be due on the same day of each subsequent month. Payment within 10 days of the monthly due date shall automatically renew lease. 3. If lease payment is not paid within 10 days of the monthly due date, a late charge of $5.00 will be assessed in addition to the lease payment due. 4. No Refund for early return. 5. The lease payments remain your responsibility until you return the instrument to any Rieman Music location. 6. Default of this lease consist of failure to make a payment within 10 days of the monthly due date and/or failure to observe any other covenant of this lease. 7. Upon notice of your default, we are entitled to any remedies allowed by law. A. If the instrument is NOT returned, you will be billed for the entire value of the instrument plus all back lease payments, repossession fells and late charges (if applicable).B. If the instrument IS returned, you will be billed for all back lease payments and late charges (if applicable). C. Any accounts turned over to outside collections will have additional fees added to cover cost of collections. 8. Up to two years of continuous lease payments will apply toward the purchase of the same type of instrument of your choice. Payments accumulate at 100%, less tax, and less R & M fees or late fees, if applicable. 9.The lease credit accumulates at 100% less tax, and less R & M fees for the person listed as student on the contract. The credit is not transferable to another student or to another type of instrument. 10. The accumulation of lease credit ends after two years. Any lease payments made after the 2 year period will not apply. 11. Any additional charges over and above lease fees (such as late fees, R & M charges, or taxes) do not add to the leaser's accumulated lease credit. 12. At the time you return your instrument, you lease credit returns to zero unless a purchase is made that day. 13. OUR RIGHT OF TERMINATION: We may terminate this agreement upon default of payment or breach of any other material term of this agreement. In the event of default of payment, you are hereby authorizing Frank Rieman Music, Inc. to repossess the instrument (wherever located). If we terminate this agreement, we shall be entitled to all lease payments and other charges due up to the date of termination as well as a $50.00 repossession fee if you fail to surrender the property to us.14. A $35.00 charge will be added to all dishonored payments. 15. If a customer disputes a credit card transaction with their bank, for no fault of Frank Rieman Music, Inc., a $25 fee will be added when reprocessing the transaction. PRIVACY POLICY: I understand that in connection with this contract, Frank Rieman Music, Inc. may collect non-public personal or financial information about me. Frank Rieman Music, Inc. is committed to maintaining my private information confidential and will restrict access to my non-public information to only those employees who need to know such information in order to obtain my credit report, service my account, or enforce any term or condition of this contract. Frank Rieman Music, Inc. maintains physical, electronic, and procedural safeguards to protect my non-public information. In addition, on occasion Frank Rieman Music, Inc. may disclose my name and address to third parties for the purpose of special promotions or special events. I understand that I should contact a corporate Officer at Frank Rieman Music, Inc. if I have further questions regarding my privacy rights as stated on this contract or think that there has been a breach of my rights hereunder. |