Rent-To-Own - Terms and Conditions

RENT-TO-OWN TERMS & CONDITIONS

Hydromatic Technical Services & Supplies
T/A Hydromatic Store

Effective Date: December 2016

1. INTRODUCTION

These Rent-to-Own Terms & Conditions (“Agreement”) govern the rent-to-own facility offered by Hydromatic Technical Services & Supplies trading as Hydromatic Store (“Hydromatic”, “we”, “our”, “us”).

By entering into a Rent-to-Own transaction, you (“Customer”, “Lessee”) agree to be legally bound by these Terms.

This Agreement is governed by the laws of the Republic of Zambia.

2. NATURE OF RENT-TO-OWN

Under this Agreement:

Hydromatic supplies equipment for use at the Customer’s premises.
The Customer makes an initial deposit and periodic rental payments.
Ownership transfers only after all payments are completed in full.
Until full payment is made, Hydromatic retains legal ownership of the equipment.

This is not a credit sale unless ownership conditions are fulfilled.

3. EQUIPMENT & INSTALLATION

The equipment supplied under this Agreement shall be identified in the official Quotation and Invoice issued by Hydromatic.

The Equipment may include:

Solar systems
Inverters
Batteries
Pumps
Generators
Electrical installations
Associated accessories and services

Installation location shall be the address provided by the Customer.

4. TERM OF AGREEMENT

The Rent-to-Own term:

Begins on the date of installation or delivery.
Continues for the agreed number of months as specified in the quotation.
Operates on a month-to-month basis until ownership transfer or termination.

5. PAYMENT TERMS

Customer agrees to:

Pay the agreed initial deposit.
Pay monthly instalments in advance on the agreed payment date.
Make payments using approved methods (Mobile Money, Bank Transfer, Card).

Late payments may attract administrative penalties as disclosed in the quotation.

Failure to pay within the grace period may result in default.

6. LATE PAYMENT & DEFAULT

If payment is not received by the agreed due date:

A daily or fixed late fee may apply.
After the grace period, Hydromatic may issue a notice of default.
Customer will have up to seven (7) days to remedy the default.

If default is not cured:

Hydromatic may:

Suspend service (if applicable),
Repossess the equipment,
Terminate the Agreement.

All repossession actions will comply with Zambian law.

7. OWNERSHIP TRANSFER

Ownership transfers to the Customer only when:

All payments are made in full;
No outstanding fees remain.

Upon completion, the Customer becomes full legal owner of the equipment.

8. USE OF EQUIPMENT

Customer agrees to:

Use equipment strictly within manufacturer guidelines.
Avoid overloading or misuse.
Not modify, alter, upgrade or tamper with the system without written consent.
Comply with all applicable laws and regulations.

Improper use may void warranty and constitute breach of Agreement.

9. MAINTENANCE & REPAIRS

Customer must:

Keep the installation area clean and safe.
Immediately notify Hydromatic of any malfunction or defect.
Not engage unauthorized technicians.

Warranty-covered repairs will be handled according to Hydromatic’s Warranty Policy.

Repairs caused by misuse, negligence or external damage are chargeable.

10. DAMAGE, LOSS OR THEFT

Customer is responsible for:

Theft,
Fire,
Power surge,
Flood,
Acts of God,
Negligence-related damage,
Damage not covered by warranty.

Hydromatic may assess and invoice repair or replacement costs.

Customer is encouraged to obtain insurance coverage.

11. RIGHT OF INSPECTION

Hydromatic reserves the right to:

Inspect the equipment,
Access the premises with reasonable notice (except emergency),
Perform repairs or maintenance,
Repossess equipment in case of lawful default.

Customer must not change system passwords or restrict access without written approval.

12. REPOSSESSION

If Customer:

Fails to pay,
Abandons the premises,
Breaches material terms,

Hydromatic may repossess the equipment using lawful means.

Repossession does not automatically cancel outstanding liabilities.

13. ABANDONMENT

Abandonment is defined as:

30 consecutive days absence without notice; or
15 days unpaid rent with evidence of vacancy.

In such cases, Hydromatic may reclaim equipment and terminate the Agreement.

14. SECURITY DISCLAIMER

Hydromatic does not guarantee:

Protection against theft,
Continuous electricity supply,
Complete protection against system failure.

Customer accepts that no system is risk-proof.

15. LIMITATION OF LIABILITY

Hydromatic shall not be liable for:

Indirect losses,
Business interruption,
Data loss,
Loss of income.

Maximum liability shall not exceed amounts paid by Customer.

16. INDEMNITY

Customer agrees to indemnify Hydromatic against:

Injury,
Property damage,
Loss arising from misuse or negligence.

Except where caused directly by Hydromatic’s gross negligence.

17. TERMINATION

This Agreement may terminate upon:

Full ownership transfer,
Lawful repossession,
Mutual written agreement.

Early termination may result in forfeiture of deposit as permitted by law.

18. SEVERABILITY

If any clause is deemed invalid, the remainder remains enforceable.

19. GOVERNING LAW

This Agreement is governed by the laws of the Republic of Zambia.

Disputes shall be resolved under Zambian jurisdiction.

20. ENTIRE AGREEMENT

This document, together with the Quotation and Invoice, constitutes the full Agreement between parties.

No oral representations shall override these Terms.

21. ACCEPTANCE

By signing or electronically accepting this Agreement, the Customer confirms:

They understand the Rent-to-Own structure.
Ownership remains with Hydromatic until paid in full.
They agree to all payment and usage conditions.

📞 Need Help?

Our team is available to guide you through:

📧 info@hydromaticstore.com
📱 0955 043336 (Call / WhatsApp)