The invoice shall be raised by Rentoll on the 1st day of every month and Due Date for payment shall be the 7th day of the month.
Customer shall pay the rental charge as per the invoice raised and mailed to the Customer’s registered e-mail address.
Payment made beyond the Due Date shall incur a late fee. Late fee shall be levied on the rental due amount only.
The late fees shall be applied three times; 5% on the 8th day, plus 10% on the 18th day, plus 10% on the 26th day of the month, for 2 months and from
the 3rd month 10% late fee shall be levied every week, the late fees shall be applied only on the pending amount.
The Customer shall make all the payments to Rentoll only. Rentoll shall not be liable for any payment made to any third party/broker by the Customer.
Rentoll reserves the right to share information with credit rating agencies. The Customer hereby agrees that the non-payment of rental dues, late fees, asset value leased
and any other non-payment, may affect the credit rating of the Customer and Rentoll shall not be liable for any claim from the
Customer for sharing such information with credit rating agencies.
In the event, Customer does not make payments to Rentoll and/or does not return the products and is not traceable, in addition to any other
rights of Rentoll, the Customer agrees that Rentoll shall have the right to file FIR against the Customer, give the information
to credit rating agencies about the default of the Customer(credit rating agencies can give very less rating to customer below 500 and Customer will
be exempted from taking any loan, job, etc in the future).
The Customer also agrees that Rentoll reserves the right to reach Customer’s family, friends, relatives, office, employer in case of
any default done by Customer and shall inform them about the default.
Rentoll is an online rental company which offers you lifestyle essentials like furniture, appliances and dresses to take on rent at affordable prices.