Fortunately NO RENT bags no longer poof when logged off. They "disenchant" to normal bags with all contents still inside (except NO RENT items). The bags are heavy, though. Like Trader Satchels.
Which is why one would scribe it immediately upon receipt.
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"God created man from a handful of dust, and he created woman from that man's rib. And these two together were so stupid that they weren't on the planet five minutes when they managed to get a curse put on all future generations. Nice work." Pat Condell
LOL. That would suck if it were possible but fortunatly the item is summond, so if you did leave it in a no rent bag you could just summon another one.