Terms & Conditions for A&A Appliance Leasing
You, (lessee) agree to lease the property requested on your order form, from A&A Appliance Leasing Company (A&A) for 2 months, beginning on the date that the property is delivered under the terms and conditions set forth herein. After the two months, the lease will continue on a month to month basis until terminated by A&A or you (with a 30-day notice of termination).
Your total monthly payment which is due the first day of each month is as follows: Base rent $29.99, tax $2.47 and processing fee $2.75 + $0.30.
A Late Payment Fee of $15.00 will be applied when the full monthly payment is not received within the first 5 days of the month, an additional $5.00 fee will be applied within the 15 days if extra efforts to collect are required. Appliances will be considered stolen items if payment defaulted for a month and appliances will be picked up or a stolen item case will be filed with the local police.
At the time of agreement signature, the customer is in good faith providing a credit or debit card for monthly payment, and in forfeiting the right to perform a dispute with the bank institution. If a customer files a dispute, the customer agrees to pay for the amount of the charge in dispute and the $25.00 chargeback fee. All issues regarding bank charges need to be addressed directly with the accounts receivable department by calling the office number or sending an email to [email protected]
A&A shall deliver the property to the address listed on the order form, lessee grants permission to enter the premises for the delivery and for pickup of the property. A&A shall have no liability for damages resulting from any delay in the delivery or pick up of the property. A&A Appliance is not responsible for unleashed pets at the time of delivery, they are completely the owner’s responsibility. Lessee must give at least 30 days written notice prior to any termination of this lease. Failure to provide such notice may result in additional charges up to one month’s rent.
Responsibility for maintaining the property: Lessee is responsible for maintaining the property in good condition, subject to ordinary wear.
IF LESSEE FAILS TO RETURN THE PROPERTY IN GOOD CONDITION, WILL BE LIABLE TO A&A FOR ANY AMOUNT UP TO THE REPLACEMENT COST OF THE PROPERTY PLUS HANDLING FEES IN ADDITION TO ALL OTHER PAYMENTS AND DAMAGES DUE UNDER THE LEASE.
Property damage policy
Appliances are on a lease agreement and A&A Appliance is not responsible for any damages to the appliance or surrounding areas due to negligent use. Lessee is obliged to keep appliances and report any issues in a timely manner and has to keep proper insurance in case of loss.
A&A is not the manufacturer of the property provided under this agreement. A&A MAKES NO WARRANTY, EXPRESS OR IMPLIED, WITH REGARD TO SUCH PROPERTY, INCLUDING, BUT NOT LIMITED TO ANY IMPLIED WARRANTY OR MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.
This agreement may not be assigned by a lessee in whole or part.
It is understood that this transaction is a rental and not a conditional sale or financing agreement. Title and ownership to each item of the property shall remain with A&A until such time as a bill of sale is presented by A&A to the lessee in the event of a sale of the property.
Right to demand performance: Any failure by A&A to require full performance by you of the lease shall not affect A&A’s right to demand such performance in the future.
Lessee may cancel this agreement prior to the delivery of the property or any time after the period of two months established in the terms and conditions section of this agreement. If cancellation occurs within the first two months $35.00 account set up fee is non-refundable and an additional cancellation fee of $35.00 is assessed to the account.
Early termination: Lessee may terminate this agreement at any time prior to the end of the agreement ONLY if all of the following conditions are met:
- You have made a minimum of two-month payments.
- You are transferred by your employer or receive military orders.
- Provide A&A with written verification of the above. All other early terminations will result in a recalculation of rent to equal the lease term for the actual time of use or the bala nee of the agreement and/or the additional charge to return the appliances to A&A.
A&A may terminate this lease at any time and repossess the property without legal process (1) If you violate any of the lease provisions and fail to cure such a violation within fifteen days of the violation, (2) If you become insolvent or make any assignment for the benefit of your creditors. Upon such termination, A&A will be entitled to ail remaining monthly rental payments and to recover any damages resulting in the lessee’s failure to fulfill all of the provisions of this agreement. In the event that by defaulting on this agreement lessee will be assessed charges to fulfill the agreement, the lessee will be liable for all administrative and legal costs incurred by A&A in addition to lease fulfillment charges. Should the account exceed two months’ rent, the lessee will be considered in default. Lessee will be liable for all accrued rent and shall also be liable for all collection costs including reasonable attorney fees which may be incurred by A&A in enforcing the above provisions. In the event that it is necessary to file suit, filings will be in the Travis County Court.
This agreement is intended for use in several jurisdictions. Lessee agrees that if any of its provisions shall be held invalid or unenforceable under the laws of the state or jurisdiction in which lessee resides, the remaining provisions shall be enforced as if without the inclusions of the invalid item.
A&A will move the appliances from one residence to another for a fee of $35.00 if you renew your agreement for a period of time equal to your original agreement. If a lesser term agreement is needed, a move fee will be negotiated. Customers may not move the property of A&A.
This agreement contains the entire agreement between the lessee and A&A and supersedes all prior agreements between both parties, whether written or oral and may be amended only by a written document signed by both parties.
YOU ACKNOWLEDGE THAT YOU HAVE READ THIS RENTAL AGREEMENT COMPLETELY AND UNDERSTAND AND AGREE TO ITS TERMS FURTHERMORE, YOU HAVE RECEIVED/PRINTED A COPY OF THIS AGREEMENT WHICH YOU WILL REFER TO AS NECESSARY IN YOUR USE OF PROPERTY.
This agreement shall become effective upon the delivery/installation of the equipment at the lessee’s place of residence.