Renting Terms
- General Terms
- RentItMy acts as a platform facilitator only (not the owner of items).
- All rental agreements are strictly between Owner (Lender) and Renter (Borrower).
- Listing Requirements (For Owners)
- Owners must provide accurate descriptions, photos, and conditions of the item/property.
- All items must be legal to rent in Malaysia (no weapons, drugs, counterfeit, etc.).
- Owners set their own rental price, deposit amount, and rental duration.
- Booking & Payment
- RentItMy platform does not provide any payment gateway through this platform (yet).
- Payment are direct between renter and rentee.
- Rental Period
- Rental duration starts from the agreed pickup/delivery time until the return time.
- Deposits & Damages
- Owners may set a refundable deposit.
- If item is returned damaged, lost, or stolen:
- Deposit will be withheld until claim is resolved.
- RentItMy may mediate disputes but final liability rests with renter.
- Owners encouraged to take photos/videos before & after handover as proof.
- Responsibilities of Renter
- Must handle the item/property with reasonable care.
- Must return on time in the same condition received.
- Must not sub-rent, misuse, or use for illegal purposes.
- Platform Rights
- RentItMy reserves the right to suspend accounts for violations.
- Platform is not liable for disputes, but provides dispute resolution support.
- Platform may charge a service fee (e.g., 5–10%) per transaction upon enabling payment gateway through the website
- Insurance & Protection (Optional)
- You can explore partnering with insurers for item protection (extra trust).
- Example: Coverage for damage/loss above deposit amount.
- Dispute Resolution
- First: Negotiation between owner & renter via platform chat.
- If unresolved: Escalation to support@rentitmy.net for mediation.
- Final: If still unresolved → parties may proceed legally, RentItMy provides evidence logs.