Early Cancellation

The Owner may choose to cancel the Agreement early or before the ending of the above stated Term provided that, we will not provide any refunds, and the Owner will promptly pay a negotiated early termination fee that will be no less than 50% of the average trailing monthly revenues since the beginning of the Term multiplied by the remaining months of the term.

Termination For Cause

Either party may terminate this Agreement for cause, as to any or all of agreed Services: (i) upon thirty (30) days written notice to the other party of a material breach if such breach remains uncured at the expiration of such period or (ii) Operator fails to perform satisfactory service then this Agreement may be terminated by either party with thirty (30) days written notice to the other party.

The Operator may also terminate this Agreement for cause on thirty (30) days written notice if the Operator determines that the Owner is acting, or has acted, in a way that has or may negatively reflect on or affect the Operator, the Operator’s prospects, or the Operator’s customers.

The Agreement may not otherwise be terminated prior to the end of the Term.

Service Charges

Tumble provides an end-to-end service for providing laundry amenities to residents. As such, rent will be a percentage as negotiated with the term (as stated above) of collected revenue from all machines paid monthly and no later than the 15th of the following month from Tumble to the property management or building owner.

Tumble has determined the average turns per day (TPD) of common laundry rooms to be 2 TPD per machine. Vend prices are subject to change, and Tumble will reserve the right to change prices as appropriate with the market.

The property management and/or building owner will be provided a statement of usage on the 1st of every month for the previous month’s usage, and paid no later than the 15th of the same month for the balance of that statement.

For Contract Comparison

Tumble does not charge extra service fees, technology fees, collection fees, machine per day minimums, or any other fees/charges. The revenue share stated above is exactly what the property management or building owner will receive.

Method of Payment

Tumble will provide payment of all balances via check or direct deposit to the directed account of the property manager and/or building owner.

Installation

Tumble will cover all costs associated with installation and delivery of above stated laundry equipment.

Maintenance Of Laundry Equipment

All service and maintenance of the laundry equipment shall be the responsibility of Tumble.

Utilities

The property management and/or building owner will provide all utility services necessary for proper operation of above stated laundry equipment.

Maintenance, Cleanliness, and Upkeep of Common Laundry Room(s):

The property management and/or building owner will be responsible for proper maintenance, cleaning, and general upkeep of the common area laundry room(s).