Office of Student Development

JerniganStudentCenter

(615)248-1245

MICROFRIDGE LEASE AGREEMENT – FALL AND SPRING TERM

I, the undersigned resident of ______Hall (hereinafter referred to as "Lessee") do hereby agree to lease from Trevecca Nazarene University (hereinafter referred to as "TNU") one (1) compact refrigerator/ microwave unit (hereinafter referred to as "MicroFridge") at the leasing rate of $150.00 for the academic year. I understand and acknowledge that the leasing is subject to the terms and conditions outlined below:

1.Lessee shall be responsible for and pay for the cost of the repair of any damages to the MicroFridge except where such damage is the result of any normal wear and tear. The said amount shall be determined by TNU in conjunction with our repair contract. Lessee shall reimburse TNU for the full cost of a replacement refrigerator in the event that the refrigerator is stolen or destroyed.

2.Replacement value of the MicroFridge is $450.00

3.Lessee shall be responsible for the general upkeep of the MicroFridge.

4.Lessee understands that, in the event of malfunction of equipment, he/she will be responsible for advising TNU by calling the Office of Student Development at the above number. TNU will arrange for servicing or replacement of the unit.

5.The Lessee is aware of and shall abide by the regulations of TreveccaNazareneUniversity concerning the use to which this type of equipment may be put.

6.Lessee agrees that the leased unit shall not be removed from the Lessee's assigned room at any time without written authorization from TNU, except for the purpose of bona fide repair service.

7.It is the responsibility of the Lessee to have the MicroFridge defrosted, clean and in good repair at the end of the term of this agreement. In the event the Lessee must leave before the scheduled close of this agreement, it is the sole responsibility of the Lessee to notify TNU of his/her departure. The Lessee will be responsible for the condition of the MicroFridge, even if the Lessee must break this agreement.

8.In the event Lessee cancels this MicroFridge lease, TNU shall not be required to reimburse the Lessee for the unused balance of the original lease period.

9.The Lessee understands and agrees that failure to comply with the terms and conditions outlined above shall be sufficient cause for the loss of all MicroFridge privileges and the automatic termination of this lease agreement.

10.Lessee will be instructed at check-in about obtaining your MicroFridge. Units remain in the room at the close of the year.

11.Rental fee cannot be charged to your student bill unless there is an existing credit.

Name of Student (Lessee)______TNU ID # ______

Home Address______

Home Phone______Cell Phone ______

Signature ______Date ______

Office use only
Rental Fee $150.00 MicroFridge Serial Number
received on ______
received by ______paid by: [ ] check [ ] cash

Mail contract and $150.00 payment payable to TNU to:Office of Student Development

TreveccaNazareneUniversity

333 Murfreesboro Road

Nashville,TN 37210-2877