CONSIGNMENT CONTRACT
Consignment Contract
Intake Date: ______________
- Consignment Period: The consignment period is 60 days for general items and 90 days for luxury handbags. The Consignor is responsible for tracking this period.
- Condition of Items: Clothing must be freshly laundered and on hangers, ready for display. Handbags and accessories must be clean inside and out. If stains or damage are found after drop-off, the Consignor will be notified by email and must arrange pickup within 7 days. Items not retrieved within this period will be donated due to limited storage.
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Commission Structure
Consignor Receives 40-50% of the final sale price for items sold under $599. (40% Applies to items needing special attention such as steaming or cleaning), 60% for items sold between $600 and $1500, 70% for items priced above $1500. Note: A small fee, paid by the customer, may be added to cover processing and credit card fees and will not be part of the commission split.
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Authentication
We pay a fee to authenticate designer items. This fee will not be part of the Consignor's split. -
Pricing and Discounts
Merchandise is priced based on condition and current resale value, not the original price. Prices may be adjusted at the Consignee's discretion. For luxury items over $600, the Consignor will be notified if discounts exceed 15%.
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Payment Schedule
Payments are processed monthly for amounts over $50. Amounts under $50 can be claimed at the end of the consignment period by contacting us. Re-issues of checks within 45 days will incur a $45 cancelled check fee.
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Item Ownership and Pickup
Items priced over $50 must be reclaimed within 7 days after the consignment period ends. Pickup arrangements must be confirmed via email. Notify us at least 24 hours prior to pickup. Items sold after the original pickup date under an extended contract may incur a reduced commission. Items priced under $50 become the property of The Lavish Loft and may be donated at the end of the consignment period. -
Early Pickup Fee
Early pickup of items will incur a 15% fee per item, plus any applicable authentication costs. Exceptions must be documented in writing on the contract or via email from The Lavish Loft. -
Risk of Loss
The Consignee assumes no liability for loss, destruction, or damage to consigned items.
Acknowledgment: By signing below, the Consignor agrees to the terms and conditions of this Agreement, including the provisions regarding item reclamation and pickup.
Consignor Information
Name: _______________________________________________________________________________________________________
Address: _____________________________________________________________________________________________________
Phone: ______________________ Email: _____________________________
Signature: ___________________________
Date: ________________________________
Payment Preferences: (Choose one option)
___ I agree to be paid by check, which will be mailed to the above address ($3.00 fee).
___ I agree to pick up my check instead of mailing ($1.50 fee).
___ Please leave the money in my account for me to spend (No Fee)