What happens when something goes wrong (loss, damage, no show at rental point)?

For any rental transaction, whether online or in the real world, a rental contract, or agreement, is established between the owner and the renter to confirm the deal and its conditions. This contract is available for display within the description of the items listed for rent. The consequences of an incident are governed by this contract and of course by any legislation that is in effect. Loanit.co.nz also provides a standard contract that individuals are free to use, that includes all the essential clauses of a classic rental agreement. In case of loss or damage of the rented item, the clauses regarding the security deposit are particularly helpful to resolve the issue.

To view more hints & tips on how to be safe, go to our Security/Loan & Rent Safe section.