Rental Terms and conditions

LIMELIGHT RENTAL TERMS AND CONDITIONS

• These Terms and Conditions form an integral part of the Rental Agreement made on .............. between Limelight and Hirer. Phrases used herein have the meanings ascribed to them therein.
• Limelight warrants that it is the owner of Rental Item and is free to provide it to Hirer for the purposes of office art rental.
• The Quarterly Rental Payment is payable in advance by Direct Debit (or otherwise by prior written agreement with Limelight) with the first payment to be made prior to Start Date and subsequent payments at three monthly intervals thereafter.
• In the event of any late payment Limelight reserves the right a) to charge interest at 4% above base rate of HSBC Bank plc and b) to terminate the rental hereunder and to collect Rental Item, for which purpose Hirer consents hereby to Limelight personnel or agents attending at Premises or Hirer's other premises. Limelight further reserves the right to terminate and collect in the event of any other material or repeated breach by Hirer of the terms hereof. Hirer will be responsible for all costs and expenses thereby incurred by Limelight, to be paid within 7 days of demand.
• Limelight will arrange delivery of Rental Item to Premises by Start Date and will arrange collection of Rental Item from Premises at the end of Rental Period. Limelight will invoice Hirer for Delivery Charge after delivery and Collection Charge after collection, invoices payable within 14 days.
• Limelight is not at present registered for VAT, but if it becomes so registered in the future, Hirer will also pay VAT at the applicable rate on all charges hereunder on receipt of a VAT invoice from Limelight.
• Any Deposit will be paid prior to Start Date and will be returned to Hirer within 14 days of collection by Limelight of Rental Item at the end of Rental Period, provided that Rental Item is returned in the same condition as it was at Start Date, and all sums due to Limelight hereunder have been paid.
• Hirer warrants that it will a) hang and display Rental Item safely and securely, b) maintain all appropriate public liability insurances, c) ensure that Rental Item is fully insured (at no less than Purchase Price) against theft, loss and damage from all other risks and that Limelight's interest is noted on the insurance policy and evidence provided on request, d) only keep Rental Item at Premises and not move it without Limelight's prior written agreement, e) not remove any Limelight labels or markings and not hold itself out as owner of Rental Item, and f) use Rental Item for decoration and display purposes only and not exhibit, advertise or otherwise seek to commercialise or exploit it in any way.
• In the event of any loss, damage or non-return of Rental Item, Hirer shall be responsible to Limelight for the higher of (at Limelight's election) Purchase Price or the costs of repair or replacement of Rental Item, to be paid within 7 days of demand.
• Hirer's rights and obligations hereunder are personal and may not be assigned without Limelight's prior written agreement.