RENTAL CREDIT definition
RENTAL CREDIT. The parties acknowledge that Tenant has paid monies in excess of rental due in 1987 under Paragraph 2 above, and upon full execution of said Amendment to Lease, Landlord shall apply the credit balance to Tenant's future rent payments.
RENTAL CREDIT. This is NOT a “rent to own” agreement. One-half (50%) of all on-time monthly rental payments, excluding sales tax and maintenance fees, will accrue for every month this agreement is in effect. This credit may be used ONLY toward the purchase of the rented outfit or another instrument from the inventory of Terra Nova Violins, LLC at time of purchase. Rental Credit may be combined with ▇▇▇▇▇▇’s last month’s rent for a total of up to 90% of the new instrument price. Rental Credit is only redeemable if ▇▇▇▇▇▇’s account is in good standing and the rented instrument is returned in its original condition, and may not be combined with any other offers, discounts or promotions. Accrued Rental Credit will remain valid for a maximum of 14 days following the date of cancellation of this Rental Agreement, after which time it will permanently expire.
RENTAL CREDIT. This is NOT a “rent to own” agreement. Up to 100% (and no less than 50%) of all on-time monthly rental payments, excluding sales tax and maintenance fees, will accrue for every month this Agreement is in effect. The final rental credit percentage will be based upon the level of the new instrument purchase. Ask store associate for details. This credit may be used ONLY toward the purchase of the rented outfit or another instrument of the same type (i.e. rental credit accrued for a cello may not be used toward a violin, etc.) from the inventory of Terra Nova Violins, LLC at time of purchase. Rental Credit may be combined with ▇▇▇▇▇▇’s last month’s rent for a total of up to 50% of the new instrument price. Rental Credit is only redeemable if ▇▇▇▇▇▇’s account is in good standing and the rented instrument is returned in its original condition, and may not be combined with any other offers, discounts or promotions. Accrued Rental Credit will remain valid for a maximum of 14 days following the date of cancellation of this Rental Agreement, after which time it will permanently expire.
Examples of RENTAL CREDIT in a sentence
RENTAL CREDIT Rental credit is calculated by multiplying the number of payments made by the Rental Fee amount.