The Citizenrē Corporation hopes that all of its Forward Rental Agreements will reach Completion. Termination of the Agreement through its completion provides the best departure relationship between Citizenrē and its valued customers. Nonetheless, Citizenrē realizes that completion may not always be possible. Sometimes people are temporarily unable to meet their obligations or they intend to move and are therefore no longer able to enjoy the benefits of the REnU as it is attached to the old home.
To respond to each of these scenarios, Citizenrē will try to be as flexible as possible. In the
event that a customer decides to move,
the Company is willing to provide three reasonable
options.
1) Our customer can simply call us and
notify us of their intention to move, and furthermore,
would like us to relocate the REnU to their new home.
Citizenrē is willing to do this once – free of
charge – for all 10-year contracts.
Thereafter, the Company will charge a reasonable
relocation fee for each move; the Company is even
willing to spread-out the payments of the relocation
fee over the remainder of the contract.
2)
Our customer – as an alternative –
can transfer the REnU to the new home owner, so
long as all parties agree and the new mortgage
is still willing to subordinate. This is quite
possibly the easiest of the options and has the
added incentive of a low fixed-price for electricity
to the new homeowner. The original customer would, however, be giving
up their rights to the contract rate and would
in fact have to agree to a new contract rate if
the customer chose to install a new REnU at the
new home. All contract periods are eligible for
this option.
3) Our customer, as a last resort,
can notify us of their intention to terminate
the contract prematurely with reason and will
therefore only lose their last month's rent. By
choosing this option, the customer is demonstrating
good faith to the Company by being forward and
reasonable, and thus, will not be subject to a
refusal period if the customer chooses to install
a new REnU system in the near future. Again, all
contract periods are eligible for this option.
Citizenrē believes that these options
are reasonable and fair for its customers and
do not place a heavy burden on the customer if
the customer becomes unable to meet the full obligations
of any particular Forward Rental Agreement.
In the worst case scenario, where a customer
may default on their obligation, the Company will
also try to be as fair as possible. There are
typically two circumstances that arise when a
customer goes into default. The first is by non-payment;
the second is by system-abuse.
In the first situation, a customer may temporarily
become unable to pay their monthly rental fees.
Citizenrē would hope that the customer would notify the
Company prior to any missed payment so that Citizenrē could attempt to work out an arrangement. In limited
cases, a deferment may be granted but is not guaranteed.
In the event that the customer notifies Citizenrē of
the forthcoming condition, the Company can act
appropriately and plan to relocate the REnU. If
our customer is willing to do this, then Citizenrē will
waive the final payment and not subject the customer
to a refusal period.
The customer will, however,
lose his or her last month's rent. If the customer
neglects or refuses to notify the Company of the
situation, and ignores the Company’s attempts
to resolve the matter fairly, then Citizenrē reserves
the right to full remedy under the FRA, which
includes but is not limited to, removal of the
REnU immediately, retaining of the last month's rent,
imposing of a five-year refusal period, and collection
of all outstanding rental fees.
In the second situation, a customer may deliberately
or through gross neglect abuse the REnU in a manner
of ways. One such abuse would be the customer
blatantly damaging any or all of the REnU out
of either malice or in an attempt to limit the
production of the equipment. Another such abuse
would be the customer tampering with the electronic
components or code to either limit the generation
of electricity or minimize the amount of generated
electricity reported.
Other such abuses include
but are not limited to intentionally altering,
tampering, or damaging the REnU or any of its
sub-components in such a way as to harm another
individual or cause damage to adjacent fixtures
and structures, or to implicitly or explicitly
cause someone else to do any of the aforementioned,
or to knowingly allow someone to do so without
attempting to inform the proper authorities of
such actions. This is not meant to be an exhaustive
list. It is merely a broad representation of such
abuses that may cause the Company to consider
the customer in default by act of system abuse.
If a customer is in default because of sytem
abuse, Citizenrē reserves the right to full remedy under
the FRA, which again includes but is not limited
to, removal of the REnU immediately, retaining
of the last month's rent, collection of all outstanding
rental fees, imposing of a life-time refusal period,
and seeking remuneration for damages and losses. |