Artwork Leasing Terms (rent to own)
Leasing art is a smart alternative to purchasing artwork outright.
Theodore Holdt’s leasing program is a easy, flexible and economical way for you enjoy fine art in your home or office.
Leasing cost: The maximum amount of time you have to rent to own a work of art from me is 3 years. 10% down is required unless waved by the artist at the signing of the contract. For example, a minimum payment for a $3000 work of art is $300 down plus $75 a month. The client can choose to pay more than the minimum per month. The minimum payment for an artwork under $1000 is $30 a month. Artwork can be returned at any time as long as the work is undamaged. No refunds will be made. If the lease amount meets the purchase price the Lease holder owns the painting and payments will stop at that point.
Term: Minimum term is 3 months to be paid automatically by pay pal subscription. Payments can only be canceled if the artwork is returned in its original condition. Artist acknowledges that some of the work is of an art bruit style and damages can be easily fixed. Artist will repair works when possible at an hourly rate set at $50 an hour in 2018. All payments are nonrefundable.
Buyout: You, (the client), may purchase the leased artwork at anytime by paying the remainder of the price minus the monthly rental already paid. I ask that you, (the client), be extra careful when you install or move the artwork as damages may occur in the process - any such damages are not covered by our insurance and result in either repair costs if the work is returned or the client taking ownership through the continued lease to the amount of the original purchase price agreed upon.
Credit card and Pay Pal fees. Pay pal charges around a fee per payment each month and credit card companies charges range from 3%-8%. The buyers 10% down goes toward these fees, not toward the purchasing of the artwork. If the artwork is returned early the down payment is not refundable. Shipping and handling fees are also extra.
Local Install: I can be hired to deliver and install artwork in the Portland area for $50 an hour plus travel time.
Leasing art is a smart alternative to purchasing artwork outright.
Theodore Holdt’s leasing program is a easy, flexible and economical way for you enjoy fine art in your home or office.
Leasing cost: The maximum amount of time you have to rent to own a work of art from me is 3 years. 10% down is required unless waved by the artist at the signing of the contract. For example, a minimum payment for a $3000 work of art is $300 down plus $75 a month. The client can choose to pay more than the minimum per month. The minimum payment for an artwork under $1000 is $30 a month. Artwork can be returned at any time as long as the work is undamaged. No refunds will be made. If the lease amount meets the purchase price the Lease holder owns the painting and payments will stop at that point.
Term: Minimum term is 3 months to be paid automatically by pay pal subscription. Payments can only be canceled if the artwork is returned in its original condition. Artist acknowledges that some of the work is of an art bruit style and damages can be easily fixed. Artist will repair works when possible at an hourly rate set at $50 an hour in 2018. All payments are nonrefundable.
Buyout: You, (the client), may purchase the leased artwork at anytime by paying the remainder of the price minus the monthly rental already paid. I ask that you, (the client), be extra careful when you install or move the artwork as damages may occur in the process - any such damages are not covered by our insurance and result in either repair costs if the work is returned or the client taking ownership through the continued lease to the amount of the original purchase price agreed upon.
Credit card and Pay Pal fees. Pay pal charges around a fee per payment each month and credit card companies charges range from 3%-8%. The buyers 10% down goes toward these fees, not toward the purchasing of the artwork. If the artwork is returned early the down payment is not refundable. Shipping and handling fees are also extra.
Local Install: I can be hired to deliver and install artwork in the Portland area for $50 an hour plus travel time.
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