Rental Terms

RENTAL TERMS AND CONDITIONS

Costume Peti Platform

Effective Date: February 25 2026
Version: Enterprise v1

1. INTRODUCTION

These Rental Terms and Conditions (“Rental Terms”) govern all rental transactions conducted through the Costume Peti platform (“Platform”) and form an integral part of the Master Terms of Service.

These Rental Terms apply to:

  • Customers renting products (“Renters”)
  • Inventory owners providing products for rental (“Owners”)
  • Costume Peti acting as facilitator, logistics coordinator, and lifecycle administrator

By placing a rental order, Users agree to these Rental Terms.

2. RENTAL MODEL STRUCTURE

The Platform enables temporary possession rights without transfer of ownership.

Key principles:

  • Ownership remains with Owner
  • Renter receives time-limited usage rights
  • Product must be returned
  • Product condition must be preserved
  • Platform may coordinate lifecycle operations

3. RENTAL ELIGIBILITY

To rent products, Users must:

  • Maintain a valid Platform account
  • Provide required identity verification (if requested)
  • Maintain valid payment method
  • Agree to deposit requirements
  • Not be restricted from rental activity

The Platform may refuse rental requests based on risk signals.

4. RENTAL PERIOD

4.1 Definition

The rental period begins on the confirmed delivery date and ends on the scheduled return date.

4.2 Calculation

Rental duration may be calculated in:

  • Calendar days
  • Event windows
  • Fixed usage blocks

4.3 Extensions

Extensions may be requested but are not guaranteed.

Pricing adjustments may apply.

5. PRICING AND CHARGES

Rental transactions may include:

  • Base rental fee
  • Security deposit
  • Logistics charges
  • Cleaning fee
  • Insurance surcharge (if applicable)
  • Late penalties
  • Damage recovery charges
  • Platform service fee

Pricing displayed at checkout shall apply.

6. SECURITY DEPOSIT

6.1 Purpose

Deposits mitigate risk of damage, loss, or late return.

6.2 Amount

Deposit amount may vary by product risk profile.

6.3 Adjustment

Deposit may be:

  • Fully refunded
  • Partially retained
  • Fully applied

Based on inspection outcome.

6.4 Refund Timeline

Deposit refund processing may take several business days following inspection.

7. DELIVERY AND ACCEPTANCE

7.1 Delivery Coordination

Delivery may be executed via logistics partners.

7.2 Acceptance Responsibility

Upon delivery, Renters must:

  • Inspect product
  • Report defects promptly
  • Confirm receipt

Failure to report issues constitutes acceptance.

8. USE OBLIGATIONS

Renters agree to:

  • Use products for intended purpose
  • Avoid alteration
  • Avoid exposure to hazardous conditions
  • Maintain hygiene
  • Prevent unauthorized transfer
  • Prevent commercial sub-rental unless permitted

9. PROHIBITED USE

Renters shall not:

  • Modify garments
  • Tailor or cut
  • Dye or chemically treat
  • Use in hazardous environments
  • Use in water exposure unless designed
  • Transfer possession
  • Pledge as collateral

10. CARE AND MAINTENANCE

Renters must exercise reasonable care.

Routine wear is acceptable; negligent damage is not.

Cleaning responsibility may vary by product category.

Platform instructions shall prevail.

11. RETURN OBLIGATIONS

11.1 Timely Return

Products must be returned on or before scheduled date.

11.2 Return Condition

Products must be returned:

  • Intact
  • Clean (unless cleaning included)
  • With accessories
  • In original packaging where feasible

11.3 Return Logistics

Return pickup may be coordinated by Platform.

12. LATE RETURNS

Late returns may trigger:

  • Additional rental charges
  • Penalties
  • Suspension
  • Deposit adjustment

Continued possession beyond defined tolerance may be treated as loss.

13. DAMAGE POLICY

13.1 Damage Categories

Damage may include:

  • Stains
  • Tears
  • Structural damage
  • Missing components
  • Alteration
  • Irreversible contamination

13.2 Assessment Authority

Damage assessment shall be performed by Platform or authorized agents.

13.3 Recovery

Recovery may include:

  • Cleaning charges
  • Repair cost
  • Depreciated value recovery
  • Replacement cost

14. LOSS OR NON-RETURN

Loss includes:

  • Theft
  • Misplacement
  • Non-return
  • Irrecoverable destruction

Users may be charged up to replacement value.

15. INSPECTION PROCESS

Inspection may occur:

  • At return pickup
  • At processing center
  • Via photographic documentation
  • Via AI inspection systems

Inspection findings shall be final unless disputed within defined period.

16. DISPUTE PROCESS

Renters may dispute:

  • Damage assessment
  • Deposit deductions
  • Late penalties

Disputes must be raised within defined timeframe following notification.

Platform determination shall prevail subject to escalation mechanisms.

17. HYGIENE AND SANITATION

Users acknowledge shared asset lifecycle.

Platform may implement professional cleaning protocols.

Renters shall avoid contamination that cannot be remedied.

18. CANCELLATIONS

Cancellation policies may vary by product and timing.

Charges may apply for:

  • Late cancellation
  • Preparation cost recovery
  • Logistics recovery

19. OWNER RIGHTS

Owners retain:

  • Ownership
  • Condition expectations
  • Recovery rights
  • Compensation rights

Platform may act on behalf of Owners.

20. PLATFORM RIGHTS

The Platform may:

  • Enforce penalties
  • Retain deposits
  • Charge payment methods
  • Suspend accounts
  • Initiate recovery actions
  • Adjust risk controls

21. LIMITATION OF LIABILITY

The Platform shall not be liable for:

  • Fit or style preference issues
  • Event outcome dissatisfaction
  • Third-party usage consequences
  • Minor wear inherent to rental model

22. RISK TRANSFER

Risk of loss or damage transfers to Renter upon delivery and reverts upon confirmed return processing.

23. INSURANCE

Where insurance products are offered, coverage scope shall be defined separately.

Absence of insurance does not limit liability.

24. FORCE MAJEURE

Uncontrollable events affecting logistics or operations shall not constitute breach.

25. MODIFICATION OF TERMS

The Platform may update Rental Terms.

Continued rental activity constitutes acceptance.

26. GOVERNING LAW

These Rental Terms shall be governed by Indian law.

27. CONTACT

Costume Peti
A Vault.Rent undertaking
opp. Piccadilly 4, Royal Palms Estate, Aarey Milk Colony, Goregaon, Mumbai, Maharashtra 400065
Email: care@costumepeti.com