LEASE AGREEMENT
THIS EQUIPMENT LEASE AGREEMENT ("Lease") is made and effective by clicking on the “Place Order” button, by and between IPG Rental.com, LLC, ("Lessor") and current user ("Lessee"). By clicking on the “Place Order” button, Lessee agrees to be bound by these Terms and Conditions, whether or not Lessee has read them. Lessor may at its sole discretion modify these Terms and Conditions at any time and any modifications shall become effective immediately as posted on this site. By clicking on the “Place Order” button, Lessee indicates acceptance of the modified Terms and Conditions. NOW, THEREFORE, in consideration of the mutual covenants and promises hereinafter set forth, the parties hereto agree as follows:
In the event of loss, loss without explanation, stolen, unreturned, damaged beyond repair (including any liquid damage of any sort) or default, Lessee agrees to allow Lessor to charge Lessee’s credit card for the full retail price of a comparable substitute of Equipment based on current pricing from IPG Rental bhphoto.com plus an additional 3% to cover credit card transaction fees. The full retail price of a comparable substitute will be charged in addition to the late fees assessed prior to deeming the Equipment “lost” or “unreturned.” If the overdue charges are denied by the Lessee’s credit card, and the Lessee has not contacted Lessor regarding the overdue rental, the Lessee understands that Lessee's account will be turned over to the appropriate authorities for prosecution. Failure to return rental property or equipment upon expiration of the rental period and failure to pay all amounts due (including costs for damage to the property or equipment) are prima facie evidence of intent to defraud, punishable in accordance with section 812.155, Florida Statutes. Equipment is deemed to be “unreturned and stolen” when Lessee has failed to ship, or drop off (if picked up locally) Equipment to Lessor within three (3) days of expiration of rental term. If Lessee returns original Equipment, in undamaged state, to Lessor within five (5) days of expiration of Term, the charge to Lessee’s credit card for the price of a comparable substitute will be refunded to Lessee by Lessor and a late fee will be charged to Lessee’s credit card. After five (5) days, all sales are final. It is the Lessee’s responsibility to get a receipt from UPS when dropping off a package for shipment back to the Lessor to validate actual shipment. Late returns. In the event of a late return, Lessee agrees to allow Lessor to charge Lessee’s credit card for the appropriate late fee. Late fees will be calculated at the one day rate per item per day. Rentals not dropped off or shipped back on a Friday will automatically be extended at the 3 day rental rate. An order is considered late if the Equipment is not returned on the due date and Lessee and Lessor have not agreed to an extension of the rental period. Renter agrees that said fee will be charged to the same credit card used for the rental purchase. If the overdue charges are denied by the Lessee’s credit card, and the Lessee has not contacted Lessor regarding the late fees, the Lessee understands that Lessee's account can be considered stolen and turned over to the authorities under Florida statute 812.155 as detailed above.
IPG Rentals offers Lessee the option to purchase damage waiver for unintentional damage to the Equipment during the Rental Period. The determination of whether damage is unintentional and not abuse is at the sole discretion of IPG Rentals. In the event of damage covered by this insurance, the insured Lessee will pay IPG Rentals a deductible amounting to 15% of the value of an item in similar condition to the Equipment rented to Lessee. Valuation of the Equipment is within the sole discretion of IPG Rentals. As a guideline the following types of damage are not normally considered to be covered by damage waiver and the lessee remains fully liable for the cost of replacement or repair to the equipment.
Water or sand damage;
Intentional damage;
Damage caused by abusive use of the equipment;
Lost or stolen equipment;
Lost accessories (caps, hoods, tripod rings, bags, etc.)
IPG Rental.com, LLC reserves the right to cancel any order for any reason, including price mistakes. These Terms and Conditions will supersede any other terms and/or conditions. Lessor reserves the right to make changes to this site and these Terms and Conditions at any time.