We are launching a rental plan for futons as part of which the customer can rent the futon for a minimum period of 1 year. The rentals will be payable monthly by the customer and the interest charged by the bank will be paid through a cash back provided to the customer after 60 days of delivering the furniture. The rental program can be renewed after one year and the customer will have the option to reupholster the furniture at that time . The process to be followed at the time of renewal will be the same as was followed at the time of renting the furniture
|Rental and lock in period||1 Year|
TERMS AND CONDITIONS ON FUTON RENTAL
- Transportation is not covered in the rental and will be charged on actual; This includes both reverse transportation at the time of return Rental charges are inclusive of GST
- Rental payments are due quarterly at the beginning of every month
- Rental period is for 1 year
- Lock-in period is for 1 year
- Lessee will have the option for re-upholstery and the rent will be reset accordingly depending on the balance period available on the contract.
- In case the Lessee returns the furniture before the termination period, the rental value for the remaining period will be computed and charged to the lessee.
- In case any damages are assessed to the furniture on the return , the furniture will not be taken back.
- At the end of 1 year, the lessee can chose to renew the rental agreement for a further period of 1 year at the same rate.
- The lessee is entitled to reupholster the furniture at the end of 1 year with the fabric choice provided by the Lessor and renew the agreement.
- The rental will be available to the people who have credit cards with the bank for which the EMI facility is available.