As described more fully in the Terms, Loop.it offers items available for rental for the specified rental term (“Rental Term”). By agreeing to the Rental Agreement, you agree to all obligations and other terms with respect to your rental of the Rental Item(s) from the Loop.it service.
Loop.it permits you to use the Rental Items solely for their ordinary, intended use (and in accordance with any applicable provided documentation) during the Rental Term, subject to this Rental Agreement and subject to the your timely payment of all Rental Fees. Ownership of the Rental Items will at all times remain with Loop.it. You shall not dispose of or cause any lien or other encumbrance to be placed upon any of the Rented Belongings.
Delivery & Pick-up
(a) Unless you have separately arranged with Loop.it for concierge pickup and delivery pursuant to Section (b), the following terms shall govern your pickup and return of Rental Items:
i. Pickup. During the time window separately communicated to you by the Loop.it via the Online Services (“Pickup Window”), you will pick up the Rental Items from the specified location (“Rental Location”) in accordance with all policies and guidelines separately communicated by Loop.it.
ii. Return. Upon the final day of the Rental Term, you shall return the Rental Items to the Rental Location during the time window separately communicated to you by Loop.it via the Online Services (“Return Window”).
iii. Additional Fees. To the extent that you do not return that Rental Items at the Rental Location during the Return Window, you understand and agree that, without derogation to any of Loop.it’s remedies at law or in equity (or as otherwise specified in this Rental Agreement or the Terms), you may be immediately charged the replacement value of the applicable Rental Item(s) and/or such additional Rental Fees as may be applicable, to your payment instrument on file, and that to the extent Loop.it is unable to make such charges, you shall remain liable for such amounts.
(b) The following terms apply solely to Loop.it’s provision of optional concierge pickup/drop-off services for additional fees (solely where available and as available):
i. Delivery. During the time window separately communicated to you by Loop.it via the Online Services (“Delivery Window”), Loop.it will deliver the Rental Items to the to the location you have designated via the Online Services (“Renter Location”).
ii. Pickup. Upon the final day of the Rental Term, Loop.it shall pick up the Rental Items at the Renter Location during the Pickup Window.
iii. Additional Fees. You agree to be present at the Renter Location during the Delivery Window and the Pickup Window. To the extent that you are not present at the Renter Location during the Delivery Window, you understand and agree that all Rental Fees will be due as if the Rental Items had been successfully delivered by Loop.it, and provided further that you may be subject to additional fees if Loop.it needs to deliver the Rental Items outside the Delivery Window. To the extent that you are not present, with the Rental Items, during the Pickup Window, you understand and agree that you will be subject to additional Rental Fees at the rate specified within the Online Services, plus late fees and additional fees for pickup.
Loss or damage
(a) Loss or Damage. You agree that when you return (or Loop.it picks up, if applicable) the Rental Items at the end of the Rental Term, the Rental Items shall be in the same condition as when received by you, and you shall be liable to Loop.it for any loss, destruction of, or damage to the Rental Items occurring after you pick up (or Loop.it delivers, if applicable) the Rental Items and prior to you returning (or Loop.it picking up, if applicable) the Rental Items. You agree that Loop.it may charge your payment instrument (or retain the security deposit under Section 5.a below) on file in the Online Services for the estimated replacement or repair value of the Rented Belongings in with the event of any loss, destruction of, or damage to the Rented Belongings occurring during such time period.
(b) Loop.it’s Rights. You agree that, without limiting any of Loop.it’s other rights or remedies under this Rental Agreement or in law or at equity, in the event of your breach of this Rental Agreement, Loop.it shall have the right to immediate possession of the Rental Items and you shall provide all necessary cooperation to Loop.it in connection therewith.
(a) Inspection. You hereby represent and warrant that you will examine the Rental Items before accepting them and acknowledge that, if the Rental Items are not in the condition as described by Loop.it, you must fill out Loop.it’s standard form inspection form noting additional markings, damage or defects with the Rental Items, and such inspection form must be delivered to Loop.it and/or an authorized Loop.it agent.
(b) Return (or Pickup, as applicable) Inspection. You hereby agree that any damage or defects not noted in accordance with Section 6(a) shall be your sole responsibility and may be charged to your payment instrument in accordance with Section 4. Any inability of Loop.it to charge your payment instrument does not derogate from your liability.
(c) Existing Damage or Defects. You understand and agree that the Rental Items may have existing damage or defects (including latent defects) and that, without limitation, Loop.it does not accept liability or responsibility for any such existing damage or defects.
(d) Cancellations; Early Returns. You may cancel a booked rental of Rental Items prior to pickup (or delivery, as applicable) of the Rental Items. Cancellations may be subject to certain fees in accordance with our Cancellation Policy (“Cancellation Fees”). Cancellation Fees shall be deducted from any prepaid Rental Fee refunds. Early return of Rental Items shall be subject to availability and at the discretion of Loop.it and/or the Rental Owner, and any related refunds shall be at the sole discretion of Loop.it.