RENT TO OWN
WHAT'S RENT TO OWN?
“Rent-to-own” are three words that collectors probably never thought they’d read or hear. The Y generation that is now coming into their independence have a higher sense of their standard of living that lends itself to a renters attitude. Galleries in L.A., Chicago and Seattle have been doing it successfully for years.
Many people linger in museums, longing to bring such beauty into their homes, perhaps dreaming of someday investing in artwork. So, what restricts that wish to a dream? For many art lovers and would-be buyers, the art market seems too complex and daunting, or art prices appear economically out-of-reach.
Whether for a film set, or a corporate, or private space, Ryan can help you create a distinguished environment while working with your budget.
Contact Ryan to begin your free consultation here
HOW DOES IT WORK?
In general, rent-to-own agreements are based around a commitment-free rental period, followed by the opportunity to make a purchase. Beyond that, individual programs can vary widely in the agreement details. According to BBC reports, two or three-month rentals are fairly common.
HOW DO I MAKE PAYMENTS TO RYAN?
Ryan offers several options for monthly payments. You can pay through PayPal, check and accepts all major credit cards. You can also make a payment at his gallery in the Short North.
As with any rent-to-own arrangement, should the renter eventually decide to purchase, the final purchase price will be lowered to partially reflect the funds already invested during the rental period.
ROTATION OF WORK OPTION
The artist often transports and installs works for a fee of $100-$200. There are 3 month and 6 month rotations available.
INSTALL OF COLLECTION
There is a basic installation fee of $150 to hang up to 10 pieces. Installs only offered in Columbus, Ohio. Orewiler's other galleries in Cleveland, Chicago and Pittsburgh dont offer RTO package. If you would like this option in one of these other cities, please contact Orewiler's galleries in your city. View links to Ryan's other galleries here
RTO PLAN 1
Purchase in full: The first option offers the best value for your corporate space. Your company will be promoted on Orewiler's website and social media (over 10,000 followers) of your new collection.
RTO PLAN 2
3 Month Plan: The second option is for would-be buyers to live with a work for a while and if, after 3 months, they want to keep it they can buy it for the purchase price, minus what they’ve already paid.
RTO PLAN 3
12 Month Paln: The third option is to pay full price for the collection through twelve months. Renter can opt out of contract and return all art at any time.
Contact Ryan to view his basic RTO contract his Attorney has writen for him. Each client and collection is unique and will be adjusted in each contact. View contract here
*Taxes and rotaion installation charges apply (subject to applicable state and federal tax laws).
INSURANCE FOR ARTWORK
Renters are responsible for their own insurance in contract. Renter pays for any damage to art, frames and promotional material.
Contact Ryan here