Consignment Contract Information

PRICING AND PAYMENT

• The consigned price of an item will be set by MICHAEL’S RESALE AND CONSIGNMENT at the time of consignment. If you need to discuss a specific price on an item, you must notify us at the time of drop off/appointment.
•  All settlement checks will be available IN STORE on the 15th of the following month in which items sold, as long as the $10 minimum has been met. Any amount below $10 will accrue until the $10 amount is met. WE DO NOT MAIL CHECKS unless you are relocating and a $2 per check fee will be deducted from the settlement amount.

THE TERMS

• All items consigned will be categorized as either Furniture or Home Goods and subject to the following fee schedule. We will not call to notify of sold items/consignment expiration. If we choose not to consign an(y) item(s), you will have one week to retrieve them before they are disposed of. (Furniture disposal may incur a $20 dumpster fee.) Items of significant value/uniqueness may be co-listed on online platforms for sale as the staff sees fit.
• The consignment term for all furniture shall be 90 days and subject to the following Consignment Fee Schedule and cannot be pulled early. Day 1 through day 29: Consignee 50% and Consignor 50%, day 30 through day 59: Consignee 60% and Consignor 40%, day 60 through day 90: Consignee 70% and Consignor 30%. On the 95th day any unsold furniture not retrieved by consignor shall become property of consignee.
• The consignment term for all home goods shall be 45 days and subject to the following Consignment Fee Schedule and cannot be pulled early. Day 1 through day 22: Consignee 50% and Consignor 50%, Day 23 through day 45: Consignee 70% and Consignor 30%. On the 50th day any unsold home goods not retrieved by consignor shall become property of consignee. Purses, jewelry and small accessories are considered home goods category items. *Seasonal/holiday items will be kept for a maximum of 5 days after the respective season/holiday.
• It is your responsibility to find and pull your items. Please bring assistance and packaging materials with you if needed. Our staff is not responsible for moving items in or out of the store. The consignor is responsible for maintaining all records/copies/documents of consigned items.
• All items may be subject to discounts of 10-50% during the consignment term at the discretion of the staff.
• All items are eligible to be purchased on our Customer Layaway Program. You will receive the percentage share relative to your fee schedule when the layaway is PAID OUT.

FEES

• There is a 3% credit card processing fee. Fees are only assessed if/when the item sells.
• All items must be clean, free from stains, odors, tears, and be in working order. If we have to deep clean any of your items, you will be charged a $10 cleaning fee.

LEGAL INFORMATION

• We will do our absolute best to safeguard your items, but MICHAEL’S RESALE AND CONSIGNMENT assumes no liability for the loss, theft or damage to any item consigned for any reason. When/if you pick up unsold items, you will not be compensated if you cannot find an(y) item(s). The consignor hereby indemnifies and holds harmless MICHAEL’S RESALE AND CONSIGNMENT against any and all suits, claims, losses, liabilities, costs and expenses arising from or relating to this agreement including but not limited to enforcement of this Contract and Consignor’s representations and warranties herein with respect to the title to the consigned items.
• This Contract is subject to and will be construed and enforced under the laws of the State of Indiana. If legal action is pursued for any fees or payments due under this Contract, MICHAEL’S RESALE AND CONSIGNMENT is entitled to recoup all attorney’s fees and costs from the consignor.