Instrument Hire & Rental – Terms and Conditions

I hereby agree to lease a musical instrument as specified on the lease agreement and made available by Prestige Musical Instruments, on the terms and conditions listed below.

I agree:

1. To make punctual payment of all scheduled fees.
2. To maintain the musical instrument in good working order and to return it in the same condition as when leased to me.
3. That the musical instrument remains the property of Prestige Musical Instruments.
4. That the initial lease period is for six (6) months minimum (or part thereof) and that the initial lease payment may include an additional charge for any additional resources needed to use said instruments. I.E: reeds, cleaners, mouthpieces, straps, grease , cleaning accessories… as needed by each individual instrument
5. That each six monthly lease payment is due to be paid in the last week of the month as determined by the month in which the lease begins.
6. To take out insurance for the musical instrument leased against fire, loss, theft and/or damage with a reputable and legally licensed insurer.
7. Not to sell or offer for sale, assign, pledge, lend or otherwise deal with the musical instrument.
8. That I am responsible for any loss or damage incurred to the musical instrument whilst in my possession.
9. That Prestige Musical Instruments will be notified of any damage or loss to the musical instrument within a period of not more than 48 hours.
10. That I will pay Prestige Musical Instrument for the cost of any repairs deemed necessary as a result of loss or damage incurred. Should the musical instrument be deemed not repairable or cannot be located, I will provide payment for the total value of the musical instrument. I understand that the value of the musical instrument or the value of any repairs required to the musical instrument will be assessed by Prestige Musical Instruments and that that assessment is the amount payable in accordance with this term and condition.
11. That I will not attempt to repair or adjust the musical instrument myself.
12. That if I commit any breach of these terms and conditions, Prestige Musical Instruments may, without notice, recover any of the amounts outstanding, resume possession of the musical instrument, and/or terminate this agreement.
13. Prestige Musical Instruments reserves the right to vary the terms and associated fees related to this agreement. In such cases, notification of at least 30 days will be given to all lessees.

Option of Purchase

I understand that after the initial six month lease period I have the option of purchasing the goods at the agreed value less any applicable discounts.

Privacy Act

I acknowledge that under the Privacy Act 1988 the lessor is allowed to and may give to a credit reporting agency personal information contained in this application or otherwise acquired by the lessor concerning the conduct of my credit account. If and to the extent that the lessor does so in a manner and for purposes that conform with the Privacy Act I agree to the lessor obtaining information about my commercial activities and commercial creditworthiness from a business which provides information about the commercial creditworthiness of persons and to the lessor using that information in assessing my application for credit. If and to the extent that the lessor does so in a manner and for the purposes that conform with the Privacy Act I also agree to the lessor giving to and receiving from any credit providers named in this credit application and any credit providers named in a credit report issued by a credit reporting agency, information about my credit arrangements, provided that the information is given or received to assess an application for credit made by me to the recipient credit provider or to assess my creditworthiness. I acknowledge that subject to the provisions of the Privacy Act, the lessor may disclose to any person any information concerning a credit facility granted to me or the conduct of that credit facility.