CONSIGNMENT CONTRACT
The Lavish Loft Consignment Boutique
105 Kings Highway East, Haddonfield, NJ 08033 (856) 433-2600
lavishloft217@gmail.com
Consignment Contract
Start Date: ______________
End Date: _______________
1. Consignment period is 60 days (Luxury handbags-120 days.) It is your responsibility to keep track of this date.
2. We accept freshly laundered clothing items that are in new or excellent condition and floor ready. Handbags and Accessories should be cleaned out with no stains or damages. If we find a stain or damage after you have left, we will email you to pick up within 7 days. After that, items will be donated,
due to lack of storage within the store.
3. Consignors receive 40-50% of final sale price for items sold under $599, 60% for Items sold between $600-$1500, and 70% for items priced higher. The price tag may reflect a small fee that is paid for by the customer and will not be part of the consignment split. This is to cover the cost of processing consignments, rising credit card fees and supplies. Exceptions must written on this contract only.
4. We use Entrupy to authenticate luxury items. This fee goes directly to them and will not be part of your consignment split.
5. Merchandise is priced according to its condition and current resale value and not the original retail price.
5. Merchandise is priced according to its condition and current resale value and not the original retail price.
6. Our goal is to sell your items. If they are not selling, we will reduce the price at our discretion. Consignors will be contacted for luxury items over $600 only if discounting more than 10%.
7. Payments are processed at the beginning of every month for payouts over $50. (You may claim payments under $50 at the end of your contract period by calling or emailing us your request) Lost checks will only be re-issued after 45 days if not received due to no fault of our own, including delayed mail arrival. If you wish to have it reissued within 45 days, you will be charged a canceled check fee of $45.
8. Items priced under $50 will become the property of The Lavish Loft at the end of the Consignment period. You can reclaim any items over $50, up to 14 days after your consignment has ended, unless arrangements have been made and confirmed via email, not telephone. No exceptions. Please call or email us before you come and pick up to allow us time to collect your items priced over $50.
9. Items picked up prior to the end of the contract will incur a 15% fee per item in addition to the cost to authenticate luxury bags when applicable. Exceptions must be made in writing on the contract.
10. Risk of Loss: Consignor acknowledges that The Lavish Loft, LLC assumes no liability of loss, destruction or damage of any kind to the consigned items.
I agree to the above terms, understand their content and want to become a Lavish Loft Consignor!
Name:_________________________________________
Assigned Acct. ___________________
Assigned Acct. ___________________
Address:___________________________________________________
City_____________________________________
State: ____________Zip__________________
Tel:_________________________Email:_________________________________________
Signature:_________________________________________________________________
_______I agree to be paid by check which will be mailed to above address ($2.50 fee)
_______I agree to be pick up my check instead of mailing ($1.00 fee)
