Subscription Agreement
By subscribing to our rent-to-own plan, you agree to the terms and conditions outlined in this agreement. Please read carefully before proceeding.
1. Subscription Plan Terms
The subscription plan covers a fixed rental period, at the end of which ownership of the unit is transferred to the customer, subject to all payments being made on time.
2. Required Documents
All customers must submit the following documents before delivery and installation:
For Employed Individuals
- National Identity Card (NIC) – Clear copy (front and back) of the customer’s valid NIC.
- Proof of Address – Utility bill or bank statement dated within the last 3 months.
- Employment Confirmation Letter – Official letter from your employer confirming your current employment status and salary.
- Standing Order from HR – A standing order issued by your HR department authorizing monthly salary deductions for subscription payments.
- Guarantor’s NIC – Clear copy (front and back) of the guarantor’s valid NIC.
- Guarantor’s Proof of Address – Utility bill or bank statement dated within the last 3 months.
- Completed Application Form – Signed by both the customer and the guarantor.
For Business Customers
- National Identity Card (NIC) – Clear copy (front and back) of the business owner’s valid NIC.
- Proof of Business Address – Utility bill or official document confirming the business address.
- Post-Dated Cheques – A series of post-dated cheques covering the full subscription term, payable to Mark In Cool.
- Completed Application Form – Signed by the business owner.
3. Payment Terms
Monthly payments are due on the agreed date. Late payments may incur charges as outlined in your individual agreement. Ownership transfer occurs only after the full subscription term is completed with no outstanding balance.
4. Guarantor Responsibility
For employed individual subscribers, the guarantor agrees to take financial responsibility for any missed or outstanding payments during the subscription term.
5. Delivery & Installation
Delivery and installation will be scheduled after successful verification of all required documents and completion of the offline payment setup process.
6. Contact Us
For any questions regarding your subscription agreement or required documents, please contact us.