Rent-To-Own Contract

This contract is for families that have paid their first installment and submitted their refundable deposit. If you attempt to submit this form before doing the aforementioned, your submission will be rejected. Any questions, feel free to contact us.

Rent-To-Own (RTO) Contract *
Families of Color Monterey County agrees to rent-to-own the bike selected below upon the condition that Renter agrees to all terms and conditions set forth below (including the release of claims), evidences that agreement by checking the boxes below, and continues to pay monthly for said bike until it is paid for in full. Please note, the prices listed next to each bike are the cost of replacement in the event of theft, damage, or loss.
Today's Date *
Today's Date
Name *
Address *
Phone *
Date of Birth *
Date of Birth
Condition of bike. *
The Renter shall maintain the bike in the same condition as it was in when given to Renter, except for ordinary wear and tear. Renter shall be responsible for any damage caused to the bike during the RTO period. Families of Color Monterey County shall retain any portion (or all) of Renter’s refundable deposit as necessary to cover repairs for such damages. To the extent that damages to the bicycle exceed the amount of the security deposit, Renter shall be billed by Families of Color Monterey County for the full amount of damages caused by Renter during the rental period, including reasonable attorney’s fees.
Unsafe use. *
I agree to properly use and care for the bike while it is in my possession and am aware that deviation from proper use or care may greatly increase the likelihood of accident or injury. I agree to properly secure/lock bike in legal locations when not in my possession. I agree to wear an approved safety helmet and to ensure that all those for whom I am responsible wear appropriately-sized approved safety helmets.
Late payment. *
Renter is required to make all monthly payments on the 5th of every month. If more than 7 days have passed and payment has not been made, Renter shall forfeit their security deposit.
No lending. *
I agree not to lend the bike to others while it is in my possession, and that if I were to do so, and that if they were to suffer a loss as a consequence, that that is my responsibility alone and I am financially responsible for paying for the bike in full.
Regarding theft or loss. *
I understand and agree that should the bike be lost or stolen while it is in my possession, I am still financially responsible for paying for the bike in full.
Signature. *
I have read and understand all of the terms, conditions and rules set forth above, and agree to all terms without reservation. By checking the box below, I am electronically submitting my signature.