Common use of Rent-to-Buy Period Clause in Contracts

Rent-to-Buy Period. Bolt Bikes agrees to rent the Bike to you from the Start Date when you took possession of your rental bike from a Bolt Bikes shop or partner shop. The parties agree that this agreement starts (and the first payment is taken) on the Start Date specified above and terminates when the agreed period of time, outlined in the Bolt Bikes app, has finished. At this time, you will gain full ownership of the bike.