Equipment Rental Service

[szekiat]

Hi, since I have not recieved any questions on my proposed rental service, the following is a list of the preliminary round of equipment on loan based on the format below:
Lens type;Make;Rental Charge per day;Deposit
eg. 300mm F2.8 AFS;Nikon;$xxx;$xxxxx

Nikon Mount
50mm f1.4 MF;Nikon;$10;$200
55mm(micro) f2.8 MF;Nikon;$10;$200
17mm f3.5 AF;Tokina;$10;$200
50mm f1.8 AFD;Nikon;$10/180
80mm f2.8 MF;CZJ;$10;$200
85mm f1.8 AFD; Nikon; $25; $450
17-35mm f2.8 AFS;Nikon;$35/2200
28-70mm f2.8 AFS;Nikon;$40/2400
70-210mm f4-5.6 AF;Nikon;$15;$200
70-200mm f2.8 AFS;Nikon;$40/2600
300mm f2.8 AFSII;Nikon;$180;$5500

Canon Mount
70-200mm f2.8L USM;Canon;$30;$1600
20-35mm f2.8L;Canon;$20;$1000

Leica Thread Mount with M-mount adaptor
75mm f2.5; Voigtlander;$10;$450
50mm f1.5; Voigtlander;$10;$450
35mm f1.7; Voigtlander;$10;$400

Camera Bodies
Xpan w/45mm lens;Hasselblad;$40;$2200
Bessa R2 w/Twinder;Voigtlander;$20;$800
F100 w/mb15;Nikon;$50;$1500
D1x;Nikon;$100;$4500

Flash
Canon 550EX;$20;$480
Nikon SB28DX;$20;$400
Nikon SB28;$10;$350

Misc. Accessories/Others
Nikon MD4 motor drive for F3,F3P,F3HP,F3T; $15;$200
Nikon 2xTC AFS (only for >200mm Nikon AFS lens):$20;$450
Nikon SK-6 Power Bracket;$20;$500
Nikon SC-17 cable:$10;$100
Sekonic Light Meter L-508;$20;$450
Hasselblad 500CM+80mm f2.8 Planar lens(w/original filter)+magazine;$80;$2500


All deposits will be made in cash or with equipment of equivalent resale value. No personal cheques allowed. Pls direct all querries and bookings to my hp 90698948 or PM me.

Thanks for your support.

PS: Most of the rental will be used for servicing the lens to maintain it in good condition.

[sequitur]

hey szekiat, don't mean to offend you and all, but if let's say somebody wants to borrow the 70-200 f2.8 L, i mean, if he can pay you $1630 in cold hard cash then it's like he most probably has the ability to buy a new one already.. ain't your deposit prices a little high ?

[szekiat]

No offence taken at all. To be fair, what you say is true. However, should you not use the lens regularly, wouldn't it be better to just rent. You will get your deposit back so your total effective cost is only $30. This is also a good opp for those who want to try out a piece of equipment before buying. This rental is targetted more towards those who can afford a lens but can't justify the spending. I will modify the deposit system as time goes by.

[Xpose]

Originally Posted by sequitur hey szekiat, don't mean to offend you and all, but if let's say somebody wants to borrow the 70-200 f2.8 L, i mean, if he can pay you $1630 in cold hard cash then it's like he most probably has the ability to buy a new one already.. ain't your deposit prices a little high ?

quite true.......for that price i have to pay for the deposit and rental, I would rather buy a len than to rent it coz in the first place, if i can pay for the deposit, what make you think that i can't afford to buy the len myself? IMO, a better option would be that you make a some kind of simple contract with all the personal particulars of the person renting your equipment, consequences he/she have to face if they fail to return or damage the equipment and place maybe a deposit of $100~$250? I think this would be more appealing to those pple who will be renting your equipment coz in the 1st place why would they rent your equipment if they can afford to buy it? I'm sure not everyone is earning big buck out there esp in time like these.....

[insport]

I fully support you szekiat, for the imposing the deposit value = same as 2nd hand or brand new.

1. Your risk is very high shall someone run away with your lens, Photocopy IC, signing document is still not safe.
2. Save you the trouble and time to make police report, etc

Please note the money you paid for deposit is refundable

Camera equitment is not like car or house, if its gone there nothing that you can do.

Nobody force you rent, if you do not agree don't rent. Just wish there is someone doing the same in KL

Originally Posted by sequitur hey szekiat, don't mean to offend you and all, but if let's say somebody wants to borrow the 70-200 f2.8 L, i mean, if he can pay you $1630 in cold hard cash then it's like he most probably has the ability to buy a new one already.. ain't your deposit prices a little high ?

[szekiat]

Hi, having done some reading(only mild) on contract law in sg, i realised that a personal contract between 2 ppl is not recognise by our legal system. As such, even if i have a piece of paper with your ic photostated on it, you can still quite safely run away with my things. I can only sue you if you have signed it with a my company. I currently do not have a registered company to do this. As I've said, i'll modify it in time to come but its up to you all to take it or leave it. Note, i also mentioned eqpt of equivalent value as deposit.

[tantingchin]

precisely....i have asked about this question before but the answer is....

Originally Posted by szekiat The problem with Black and White is, without a legal registered company, this piece of paper is worthless in a court of law. The police or the law will not protect the owner. Hence the high deposit. Most ppl cannot afford to spend on the lens. However, if they treat the equipment with care, then there is really no worry since the deposit will be completely refunded. This is really just to protect the owner. He is providing a service, it is unreasonable to ask that he takes a risk as well. If you look at overseas, you will realise that my rates are really quite reasonable. Anyways, just a thought. I don't really need the cash. You can also deposit equipment or other stuff of similar value. Really, all this talking is useless. If someone is really interested, PM me or call me.

[insport]

A simple contract with personal detail is not a valid contract in the eyes of the law, don't forget the legal proses, why would szekiat risk his stuff for a mere 10-40 dollars, that why he needs to protect himself, unless the law can protect him i don't see any how his will impose a lower deposit, its just too risky

Just remenber, the deposit is refundable

Originally Posted by Xpose quite true.......for that price i have to pay for the deposit and rental, I would rather buy a len than to rent it coz in the first place, if i can pay for the deposit, what make you think that i can't afford to buy the len myself? IMO, a better option would be that you make a some kind of simple contract with all the personal particulars of the person renting your equipment, consequences he/she have to face if they fail to return or damage the equipment and place maybe a deposit of $100~$250? I think this would be more appealing to those pple who will be renting your equipment coz in the 1st place why would they rent your equipment if they can afford to buy it? I'm sure not everyone is earning big buck out there esp in time like these.....

[szekiat]

thank you for all the kind support from insport,tantingchin,

[insport]

Szekiat,

what you are doing is very brave, not many people would dare to rent out the stuff. For those of you whom have the money for deposit........here a great chance to test out some lens, camera

Originally Posted by szekiat thank you for all the kind support from insport,tantingchin,

[tantingchin]

again i have another question to ask.

If let say i rent one of the lenses, but i accidentally scratched on the front lens or the rubber around the lens, how would you decide to "penalize" me?

How you judge the condition?Are you going to consider sold or take back some money from the deposit?

I think this rule have to make it clear before ppl renting your equiment, should make it black & white or else you will hard to argue after some thing happen. Just to remind the owner and to protect the person who loan as well.

[szekiat]

The penalty will be determined by how much it will cost to repair it. I will deduct accordingly from the deposit. If its a minor cosmetic damage, i will probably levy a charge of $10. If it is major paint wear, then i need to take into consideration how it came to be this worn out, even if the thing may seem ok right now, the user might have dropped the lens. The penalty in that case would probably be higher, fine+the cost of a complete check by either TCW or the makers.

[Belle&Sebastain]

look, i think its only fair to TAKE GREAT CARE of any equipment, even if its not yours.

what if i scatched your lens that you loan to me? basicly i think i have to replace or repair it, its only fair, even in the army, if you lose the t loan, you have to sign 1206, fair and square.

i just spoke to szekiat, a nice fine gentleman about his rental and i find him very brave to do so. seriously if he wants to make lots of money renting, its gonna take lots of time and the rent rates will not be friendly as now. i feel that he just wants to cover some of his investment.

as for the deposit, i feel that if you dun have the money to deposit, you better not rent. Why? what if you spoil his equipment or worse still loose it? where is his assurance?

anyway thanks for hearing my rant, if anyone bothers, ups for szekiat!

[Tupi Guy]

Originally Posted by Belle&Sebastain look, i think its only fair to TAKE GREAT CARE of any equipment, even if its not yours. what if i scatched your lens that you loan to me? basicly i think i have to replace or repair it, its only fair, even in the army, if you lose the t loan, you have to sign 1206, fair and square. i just spoke to szekiat, a nice fine gentleman about his rental and i find him very brave to do so. seriously if he wants to make lots of money renting, its gonna take lots of time and the rent rates will not be friendly as now. i feel that he just wants to cover some of his investment. as for the deposit, i feel that if you dun have the money to deposit, you better not rent. Why? what if you spoil his equipment or worse still loose it? where is his assurance? anyway thanks for hearing my rant, if anyone bothers, ups for szekiat!

Agree with you, Well said

Upz for you Szekiat

But sori i can support u as all the lense you using I cant afford. Supporting u mentally

[Tupi Guy]

Originally Posted by Tupi Guy Agree with you, Well said Upz for you Szekiat But sori i can support u as all the lense you using I cant afford. Supporting u mentally

But sori i cant support u as all the lense you using I cant afford. Supporting u mentally

Typo error

[vince123123]

Hmm, may I ask "where" your reading on contract law came from? AFAIK, whther a contract is enforceable or recognised does not depend on whether you have a registered company. Contracts between two individuals are also recognised in law. If you are correct, all modern day contracts between freelancers (of any sort, whether artists, contractors or otherwise) & their clients will be invalid, photographers with their clients, [the list goes on to an inordinate no. of examples], even sole proprietors (which are considered to be the same entity as the indvidual) selling you a good or service is contractually void.

The "piece of paper" is still recognised as a legal contract. Even verbal contracts are recognised, much less those which are only on paper (of course you may have evidentiary issues for these).

"I can only sue you if you signed it with my company" - is therefore not legally correct.

Second, as stated in the previosu posts, for your high deposit, you will need to have a very good contract & terms and conditions in play, as what was highlighted, who will decide how much "compensation" is necessary? As a customer, the deposit is held by the owner and the customer is at the owner's mercy, much like how the owner is at the customer's mercy if no depost or low deposit is given. There is nothign also to stop the owner from charging a high amt of comepnsation or refusing to return the deposit, just like there is nothign to stop the customer from running away with the stuffs. I think you may have to cosnider all these issues to strike a balance and to put into play terms and conditions so as to reduce uncertainty and so that there will be less disputes later on as to the way the deposit may be applied.

whilst a high deposit may protect the owner, certaintiy in how that deposit will be applied is impt so that the customer will be reassured his deposit will be applied only in a reasonable fashion.

Hope it helps ur campaign jiayou!

Originally Posted by szekiat Hi, having done some reading(only mild) on contract law in sg, i realised that a personal contract between 2 ppl is not recognise by our legal system. As such, even if i have a piece of paper with your ic photostated on it, you can still quite safely run away with my things. I can only sue you if you have signed it with a my company. I currently do not have a registered company to do this. As I've said, i'll modify it in time to come but its up to you all to take it or leave it. Note, i also mentioned eqpt of equivalent value as deposit.

[tush]

Originally Posted by szekiat Hi, having done some reading(only mild) on contract law in sg, i realised that a personal contract between 2 ppl is not recognise by our legal system. As such, even if i have a piece of paper with your ic photostated on it, you can still quite safely run away with my things. I can only sue you if you have signed it with a my company. I currently do not have a registered company to do this. As I've said, i'll modify it in time to come but its up to you all to take it or leave it. Note, i also mentioned eqpt of equivalent value as deposit.

Errmmmm... I think that in Singapore personal contracts are legally binding provided that a few conditions are satisfied (e.g.: Invitation to treat, offer, consideration etc).
I did contract law in my MBA and checked that out with my lawyer friends too...

[blurblock]

Originally Posted by szekiat Hi, having done some reading(only mild) on contract law in sg, i realised that a personal contract between 2 ppl is not recognise by our legal system. As such, even if i have a piece of paper with your ic photostated on it, you can still quite safely run away with my things. I can only sue you if you have signed it with a my company. I currently do not have a registered company to do this. As I've said, i'll modify it in time to come but its up to you all to take it or leave it. Note, i also mentioned eqpt of equivalent value as deposit.

Well, if I am not wrong, personal contract, even verbal contract, is enforceable. The only items that are not enforceable is if the contract itself is against the law. For example, if you borrowed money and impose a very high interest rate, or the reason why you borrowed money is to gamble (stated inside the contract, of course). If that is the case, illegal money lending and gambling is already illegal, thus making the contract illegal as well. However, for that I would haveto check with my colleauges ....

However, I do support your idea of renting the equipment.

[vince123123]

high interest rate on loans per se is not unenforceable.

Originally Posted by blurblock Well, if I am not wrong, personal contract, even verbal contract, is enforceable. The only items that are not enforceable is if the contract itself is against the law. For example, if you borrowed money and impose a very high interest rate, or the reason why you borrowed money is to gamble (stated inside the contract, of course). If that is the case, illegal money lending and gambling is already illegal, thus making the contract illegal as well. However, for that I would haveto check with my colleauges .... However, I do support your idea of renting the equipment.

[szekiat]

hmm...okie. Maybe i was mistaken. Will the in house lawyer :P pls verify? All appologies if i am mistaken. That said, i am still sticking by my terms and conditions for rental. So far, the ppl who have contacted me to make bookings have had no problems with my terms so i think its okie.(Note: I THINK) I am not forcing u to rent my stuff. U can look elsewhere if u don't like my terms. Sorry, i know i'm being rather defensive here. Its just that i feel i am already offering a service to CS and some ppl are being demanding. I'll discuss terms with anyone who is genuinely interested. Enough banal i think.