Terms and Conditions

01Equipment

The details of the “Equipment” shall be as specified in the lease order communicated via the website order page. The same details would also be communicated through the invoice generated by the Lessor. At any given time, the Lessee can check their equipment in their “My Orders” page

02Term

The agreement shall be valid from the date of transferring the possession of the equipment to the Lessee until the date when the Lessor receives the equipment back along with full payment against the invoices raised in the due course of the transaction.

03Duty of lessee

The Lessee shall have the duty to keep the Equipment safe in their custody. The Lessee shall not use any products or accessories externally or internally to improve the performance of the Equipment. If the Lessee is found negligent by the Lessor with regard to the usage of the rented Equipment, the Lessor shall be at liberty to rescind the contract and recover damages from the Lessee for the damage caused to the equipment. The Lessee shall not open the system and/or modify any of the internal or external parts therein. In case of breach of this clause, the Lessee shall be liable to pay a minimum penalty that is worth 10% of the current market product value of the product, decided at the discretion of the Lessor not exceeding the total price of the Equipment. The Lessee shall permit the Lessor to inspect the Equipment upon return of the product, and any damages assessed by the Lessor therefrom shall be payable by the Lessee within a period of 7 days from the date of intimation of the same by the Lessor. The Lessee shall always have in their possession the rented Equipment at the address specified in this Agreement until the Equipment is returned to the Lessor. In case the Equipment needs to be transported to a separate location, the Lessee should notify the Lessor. Upon getting the permission granted, the Lessee may transport the equipment. The Lessee shall be solely responsible for any circumstance which would cause the Lessee to be incapable of returning the Equipment to the Lessor at the End Date or upon the termination of this Agreement. The Lessor shall have all the rights to recover the amount of the damages equivalent to the market price of the same Equipment in new condition. The Lessee shall promptly inform the Lessor about any such loss or damage to the rented Equipment. The Lessee(s) shall be jointly and severally liable to pay the agreed amount of rent, penalty, all other sums due and payable under this Agreement, and to observe its terms and conditions. The Lessee shall keep the equipment in their possession at all times and shall not create any third-party rights in the Equipment or any part of it, whether by way of sale, exchange, sub-lease, mortgage, or otherwise. Any of these acts shall attract a penalty decided by the Lessor, and the Lessor has the right to terminate the agreement. The Lessee shall immediately inform the Lessor in case of any change in contact information such as address, email address, telephone number, etc. The Lessee authorizes the Lessor to verify all the details provided by them and verify their credit score by evaluating their credit report with the help of any credit bureau and/or any other third party. The Lessee shall not, directly or indirectly, use the Equipment for any activities that are illegal under any law for the time being in force or any activities that could potentially damage the Equipment or shorten its life cycle. In case of breach of this clause, the Lessee shall be liable to a penalty of a minimum of INR 10,000/- (Rupees Ten Thousand Only) as per the discretion of the Lessor, not exceeding the total price of the Equipment..

04Delivery policy

On confirmation of the order by the Lessee, the Lessor shall deliver the Equipment to the location specified by the Lessee. The Lessee or through its representatives shall be present at the location at the time of delivery agreed between the Lessor and the Lessee. The cost of delivery of the product shall be borne by the Lessee and it will differ from product to product and delivery location of the Lessee. Upon acceptance of the Equipment by the Lessee, the Lessor shall bear no further responsibility, and any subsequent complaints pertaining to the functionality or damage of the Equipment shall not be entertained. The Lessee assumes full responsibility for the Equipment upon acceptance thereof..

05Payment

Any payment to the Lessor is to be made by bank transfer to the following account: Bank Account No.: 50200047956343 Name of the Account Holder: Quantam Rental Solutions Pvt Ltd. Bank & Branch: HDFC Bank, Bandra West, Pali Hills IFSC Code: HDFC0000016 The Lessor reserves the right to share information with credit rating agencies or any other law enforcement or government agencies in case of their requirement or default by the Lessee. All payments are to be made in advance. The Payment needs to be made on the same day as the day of delivery every month for a duration of over one month or on the decided date, as applicable, irrespective of the invoice being generated. In the event of default extending beyond the 7th day, Rentkar reserves the right to initiate a visit for the purpose of collecting the items, with or without the customer's consent. Should the customer express a desire to retain possession of the item during such a visit, such request shall not be entertained, and the agreement shall be terminated. If the customer declines to relinquish the item, Rentkar is compelled to pursue legal measures to recover the item. Furthermore, any delay in making the payment beyond the grace period shall attract a penalty of 10% of the order value per day until the payment is made. This late fee, along with the rental amount due, shall also apply for any delay in payment beyond the 7th day. The Customer shall make all payments to Rentkar (Quantam Rental Solutions Pvt Ltd) only. Quantam Rental Solutions Pvt Ltd should not be liable for any payment made to any broker/third party by the Customer. In case the Customer is not present or has not assigned a representative for taking delivery, and a second delivery attempt is required, Rentkar should charge an extra delivery cost to the Customer.

06Data

During the period of lease, any data stored in the Equipment by the Lessee will be deleted and reformatted. The Lessor shall not be responsible for any loss of data incurred by the Lessee. The Lessor reserves the right to install software/hardware for tracking the location of the leased Equipment. The Lessor and its agents may process any and all personal or professional data, including but not limited to Aadhaar Number or other identification number, home address and telephone number, date of birth, and other information that is required for the improvement of marketing, research, record-keeping, or any other similar purpose by the Lessor. During the course of the rental period, the Lessor shall not be liable if any criminal/illegal or any other activities which are against the law are conducted by the Lessee with the help of the product, nor shall the Lessor be liable if any illegal data occurs or is supplied with the help of the product by the Lessee. As Rentkar is not an authorized service provider of the Product manufacturer, Rentkar shall submit the Product with the authorized service center of the manufacturer and shall inform the duration required for service to the Customer. Once the original Product is repaired, Rentkar will deliver the original Product to the Customer and shall collect the product from the Customer.

07Termination

Either Party may request the termination of this Agreement with an advance notice of 7 days in writing sent from the registered email of the Party. The Lessee can terminate the contract by submitting a request for termination.

LESSOR CONTACT DETAILS:

Email ID: support@rentkar.app

Contact: +91 7900042875

Website: www.rentkar.app