Description of Rental Provided by Rentbooks, LLC
Bookbyte has entered into an agreement to permit other companies to offer products on its website. One such agreement is with Rentbooks, LLC, which offers rental to visitors of the Bookbyte website based on an agreement between Rentbooks and the customer. Rentbooks LLC sells books at a reduced upfront price. The price is a lower price than the List Price. In this transaction, if the purchaser sells back their book to Rentbooks at the end of the purchaser's term of use, Rentbooks LLC pays the purchaser 10% of the original price the purchaser paid for the book and will also pay shipping charges based on a prepaid shipping label. If the purchaser does not resell the book back to Rentbooks by the stated due date, Rentbooks will charge the purchaser full price of the book plus a fee.
For example, if you rent a book from Rentbooks, LLC for $50.00, which is $25.00 less than the list price, based on a stated period of 150 days in which to resell the book to Rentbooks. LLC for a 10% rental return payment of $5.00. If you ship the book back to Rentbooks using the provided prepaid shipping label (no cost to you) within the 150 day period, your actual cost of buying and selling back the book is $50.00 less the $5.00 you get paid when you sell the book back. If you do not sell the book back to Rentbooks, you will pay Rentbooks the previously provided $25.00 discount and a $10.00 fee.
List Price: the publisher’s list price for a textbook at the time of sale.
Rental Program: The program described in this Rental Agreement, summarized above.
Rental Purchase Price: Price - Rental Discount.
Rental Discount: the discount from List Price given to the customer for entering into a Rental Agreement.
Rental Agreement: this legal document, which states the terms and conditions of the Rental Program.
Rental Resell Date (Return by Date): that date by which Rentbooks must receive the book(s).
Grace Period: The time in calendar days after the Rental Sell Date (Return by Date) at which time a default of this Agreement occurs.
Handling Fee: the fee charged to a customer if the customer fails to return the book by the Rental Resell Date.
Buyback Price: The amount Rentbooks will pay its customer to repurchase a book under the Rental Program.
You agree to purchase the book from Rentbooks at the Rental Purchase Price and understand and agree as follows:
You will select a Rental Sell Date(Return by Date).
Authorize Bookbyte to make future charges --the Rental Discount and the Handling Fee-- to your credit card should you fail to return the book by the Rental Sell Date.If you return the book in a resaleable condition, Rentbooks will credit your credit card for 10% of the Rental Purchase Price.
Transfer of Ownership
Once you purchase the book(s), Rentbooks LLC will confirm your order and Rentbooks will ship the book(s) to you. Upon shipment the ownership of the book(s) transfers completely and wholly to you. Rentbooks nor any of its affiliates makes no property right claims upon the book(s). Rentbooks, LLC does hold rights under this Agreement to hold you accountable to meet the obligations of this Agreement, which are wholly separate from the ownership of the book(s). You must bear the risk of loss or damage to the book(s), which may make the book(s) unsaleable to Rentbooks.
Once the book(s) have been returned to Rentbooks, which is defined as received by Rentbooks, and we have paid you the Buyback Price for the book(s), ownership of the book(s) shall be transferred wholly to Rentbooks.
You agree that the book(s) you sell back to Rentbooks shall be in resalable condition as defined by the Buyback Guidelines described on the website. You also agree that if you attempt to sell back a book in non-resalable condition we may treat this as a default and require you to pay the Rental Discount and the Handling Fee.
Customer Actions at Rental Sell Date (Return by Date)
In order not to be required to pay the Rental Discount and Handling Fee you must take action by your Return by Date.
If you are choosing to return the book(s) to Rentbooks, you must:
Ship the book(s) to Rentbooks with the provided shipping label. Rentbooks must receive the book(s) by the Return by Date. You MUST use the provided label to ensure that your book(s) are properly received and accounted for to meet the obligations of this Agreement. Rentbooks is not responsible for your not returning the books if you fail to use the provided label.
If you are choosing to keep the book(s), you must:
Notify customer service at email@example.com no later than 4:00 Pacific Time on the Return by Date of your intent to keep the book(s). Include in the email:
Your Order Number
ISBN of the title(s) you are keeping
Rentbooks will notify you that we have received your email. If you do not receive notification within 24 hours you should contact us via email to ensure that your email was received.
Rentbooks, LLC will charge your credit card the Rental Discount provided to you at the time of your purchase of the book(s), plus a $10 per book processing fee.
Default and Grace Period
If you have not informed Rentbooks, LLC of your intent to keep the book(s) or have not returned the book(s) as of the Return by Date, you will be considered in default of this Agreement and Rentbooks, LLC may take any action against you permitted by this Agreement or applicable law.
If we have not received your book(s) or notification of your intent to keep the book(s) and repay the Rental Discount by the Return by Date, you will be provided a Grace Period of 20 calendar days to ship the book to Rentbooks. Rentbooks must receive the book(s) within the Grace Period in order for you to avoid default. The Grace Period only applies to returning the book(s). There is no Grace Period on notification of retention of the book(s).
At the end of the Grace Period, if Rentbooks has not received the book(s), then the Agreement is in default and Bookbyte on behalf of Rentbooks, LLC will charge your credit card the Rental Discount provided upon your purchase of the book(s) plus a Default Fee of $10 per book.
Authorization for Use of Credit Card
You hereby acknowledge that you have provided Rentbooks LLC with your credit card information and authorize Rentbooks LLC to make future charges on your credit card on behalf of Rentbooks, LLC should you 1) notify Bookbyte that you have chosen to keep the book(s) purchased under this Agreement, or 2) you default on this Agreement. In these cases, you agree that Bookbyte may charge to your credit card all associated charges and fees delineated by this Agreement on behalf of Rentbooks LLC.
If Rentbooks LLC is unable to charge your card for any reason, and you have not made alternative payment to Rentbooks LLC, it may collect funds due from you by any other lawful means, including a third-party collection service. Rentbooks LLC may add interest at a rate of 18.5% per annum, compounded monthly, plus any collection fees and reasonable attorney fees that may be incurred in the course of collecting owed funds from you to the amount due.
Entering into Agreement through Electronic Means
By purchasing a book or books at the Rental Purchase Price, you agree that you have read, understood and have entered into this Agreement. You have accepted the terms of this Agreement by means of a check box or entering your name in provided spaces. Such acceptance is the same as your written signature and you are bound by this Agreement.
Email reminder notifications are sent as a courtesy to the email address posted on the User's My Account page at the time the emails are generated. Please be sure that the email address you provide on the Bookbyte My Account page is kept up-to-date with the address you regularly look at. We strongly recommend checking your spam and junk folders regularly, as well as adding firstname.lastname@example.org to your list of allowed senders.
Reminder notifications are sent as a courtesy and are not a requirement of the rental agreement. Not receiving the emails or accessing the email account you have provided on the My Account page does not negate the rental agreement.
Notices are sent at the following intervals:
- 30 days
- 14 days
- 7 days
- When due
- When past due