Payment Disclosures

Rent-to-Own Terms & Conditions Disclosure

Please read this summary carefully before moving forward with a Rent-to-Own agreement. Athens Barn Center offers two plan lengths. The terms below apply to all Rent-to-Own agreements.

Terms & Conditions — Summary

1. This is a rent-to-own agreement, not a traditional loan or financed purchase. The building remains the property of the rental company until all required terms for ownership have been completed.
2. You do not own the building during the rental term. Ownership only transfers after all required payments have been made or an eligible early purchase option has been completed under the contract.
3. The agreement renews monthly. To keep the building, you must make each monthly payment on time for the full term (60 or 36 months) unless you choose to exercise an early purchase option.
4. Payments are due on the date listed in your agreement. If payment is not received within the allowed grace period, late fees, reinstatement fees, or other charges may apply.
5. Returned checks, failed ACH payments, default-related charges, repossession costs, redelivery fees, and collection-related expenses may also apply when permitted under the agreement.
6. You may have an early purchase option. Early payoff terms depend on the contract and whether your account is current at the time of payoff.
7. You may terminate the agreement at the end of any monthly rental term without penalty by voluntarily returning the building, at your expense, in good repair — normal wear and tear excepted — and by paying any past-due balance or other charges owed.
8. You are responsible for maintaining the building while it is in your possession. The building must be kept in good condition and protected from damage beyond normal wear and tear.
9. You are responsible if the building is lost, stolen, damaged, or destroyed. You may also be required to maintain property insurance on the building during the rental term unless otherwise stated in writing.
10. The building may not be altered, moved, attached to real property, or modified without prior written permission from the rental company. It is not intended for human occupancy.
11. The building must remain at the approved delivery address unless the rental company gives written permission for it to be moved. Any move must be handled by an authorized carrier approved by the rental company.
12. If the agreement goes into default, the rental company may have the right to inspect, recover, or repossess the building as permitted by law.
13. You confirm that you are the property owner or have permission from the property owner, landlord, or any other interested party for the building to be placed on the property and removed if necessary.
14. Delivery and setup are subject to site accessibility, weather, ground conditions, and other circumstances. Delivery dates are estimates and are not guaranteed. Additional charges may apply for extra mileage, difficult access, or additional setup requirements.
15. You are responsible for checking permits, codes, setbacks, HOA rules, deed restrictions, and any other site requirements before delivery.
16. Changes, cancellations, failed deliveries caused by site access issues, or revisions to certain orders may result in non-refundable charges as outlined in the agreement.
17. If applicable, any manufacturer warranty may transfer upon ownership, subject to the manufacturer's terms and limitations.
18. If the account becomes delinquent, the rental company may use lawful collection methods, including phone calls, text messages, email, and other legally permitted contact methods.
19. The full agreement is governed by Tennessee law and may include venue, arbitration, and class-action waiver provisions.
20. This disclosure is only a summary. The signed Rent-to-Own Agreement contains the complete terms and conditions and controls in the event of any difference.