Rental Terms

Draft wording, pending review by RSAS’s solicitor.

Art rental is offered to business clients only. The main terms are set out below. The full agreement is provided before any rental begins.

• Business clients only; title remains with RSAS or the lending artist or gallery throughout
• Term of one, two or three years; renewal; early termination terms to confirm
• Rental fee of 10% of each work's agreed sale price per year, invoiced quarterly in advance; VAT; late payment
• Insurance arranged by RSAS for the full term; client liability for loss or damage caused by negligence or breach to confirm; fair wear and tear
• Care obligations: agreed address and environment; no relocation, lending or alteration without consent
• Condition reports on installation and collection; access for inspection; exchanges of works
• Option to buy at any point, with all rental paid on the work credited in full; return at the end of the term; no lien or security over the works