Instrument Rental Policies

The amount of Instrumental Rental is based on the retail price of the instrument or outfit divided by 12. 

A violin “outfit” is a violin, case and bow.

For example:

MONTHLY CHARGE:

At any point the student may choose to purchase the instrument by paying the buyout price.  One-half of the rent paid may also be applied to the purchase of a “step-up” instrument. 

One-half of the rent (i.e. $13.42/month) is applicable to the purchase of the instrument, so in Month 2 the buyout for this outfit is $ 308.58. In Month 3 the buyout is $295.16, and so on. 

PAYMENT: Rental fees shall be payable monthly, in advance of each month. Payment will be made by automatically charging credit or debit card listed below. It is the Customer’s responsibility to inform Renaissance Institute of Music of any changes to credit or debit card numbers or expiration dates before payment is due.

TERMINATION: Contract is terminated upon satisfactory return of all items on rental contract and payment of past due rent and damage fees or deductibles.

INSTRUMENT REPAIR AND MAINTENANCE: RENAISSANCE INSTITUTE OF MUSIC must perform all repair or maintenance to items listed on this contract. 

DAMAGE, LOSS: Parties listed as “Customer” are responsible for all damage to, or loss of, items on this contract. The rental fee includes an Accidental Damage plan.  Maintenance is covered at no change.  Normal wear and tear is covered at no charge. Damage requiring a repair will be changed at our normal rates, limited to a maximum charge of $100.00 per incident for violins and viola outfits, and $250 for cello outfits.  In the case of a total loss, the Customer is responsible for the replacement price of the outfit as shown of the contract, less 50% of the rental charges already paid.

PURCHASE DISCOUNT: In the event the Customer shall buy from RENAISSANCE INSTITUTE OF MUSIC any instrument of equal or greater value than the rental instrument, while this rental contract is in good standing, there shall be applied upon the purchase price thereof a credit of 50% of the rental changes already paid, not to exceed the purchase price of the new instrument.