Storage rental agreement is a pact between the lessor, the owner of storage property and the lessee, who attains the responsibility of the goods stored in that property. The document highlights specific terms upon which both the parties agree.
It mostly relieves the owner of the responsibility of the products stored in the storage space. Any stock that is kept at the place is looked after by the lessee.
At most times, the occupant ignores going through the storage lease agreement in order to skip the hefty work of reading all the confusing legal guidelines. However, the conditions need to be carefully understood before putting down your pen.
What Is a Storage Rental Agreement?
Storage rental agreement is a legal document which includes the terms and conditions that need to be followed by the lessor and the lessee in the matter of occupation of a property. The paper should meet the demands of both parties.
The agreement has become quite famous in the present era as it clearly states the actions that can be considered illegal. The attorney reviews the document before presenting it to the court.
A storage rental agreement is aimed at avoiding conflicts and arguments between both parties. It also contains personal information such as contact, the purpose of occupancy, payment and other required details.
A storage rental agreement is also called a storage lease agreement or storage unit rental agreement. It also requires the details of the merchandise that is stored at the property. The goods should be in terms with the conditions placed on the storage products.
In the scenario of cancellation of the agreement, the lessee is usually given 24 hours to move out the commodities stored. It is a good practice to negotiate these conditions to avoid chaos during moving out.
What Are the Benefits of Using a Storage Rental Agreement?
A storage rental agreement is very beneficial for a lessor as well as lessee. It creates the basis of trust and confidence in both. It usually helps in avoiding confrontations and any type of fraud. Some of the benefits are listed below.
- It helps steer clear of any type of chaotic situations. A plain texted agreement is always appreciated by the lessor as well as the lessee. It does not seem to hide any terms which may turn into a future issue.
- It could help maintain a decorum in the storage place. Import of illegal or prohibited goods could be aforementioned to the lessee. Mostly, some products are not appreciated by the owners, such as chemicals or other illicit commodities.
- It will be easy for both the lessor and the lessee to negotiate on variable terms such as the maximum value of goods stored, the time for which the property is opened and the details regarding late rent submission.
- It helps to understand the responsibility of the security of the property. The landlord could mention that safeguarding all the units of the tenant’s products is not the duty of the lessor. The lessee alone is responsible for the imported goods.
- The lessor could also mention cleanliness as a necessity in the storage units rental agreement. This would ensure that even after the lessee moves out, the owner should not have any burden of cleaning the storage area.
What Is Included in a Storage Rental Agreement?
The storage rental agreements include details of the lessor, the lessee, the property which is to be rented and the terms and conditions satisfying the needs of both parties. These details are mentioned legally and then sent for validation to the court.
Some of the significant details are listed below.
- It includes the personal details of both the lessor and the lessee consisting of name, address, contact, email and other necessary information. The agreement consists of the address of the storage location.
- The document includes the description of the goods and commodities which are to be stored by the lessee. No prohibited goods should be saved. It also consists of the estimated period for which the lessee will utilize the storage location.
- It includes the rent details after negotiation between the owner and the occupant. It also highlights the terms which will be applicable in the event of late rent submission, which could include a late fee or penalty.
- It includes conditions that detail about the responsibility of the commodities and maintenance of the property. These must be looked after by the lessee. The lessor holds no responsibility for the security of goods.
- The lessee should be solely responsible for any damage to the storage location. He/she should pay for any such costs before moving out with his/her property.
- It highlights that in case either party decides to terminate the agreement, they should provide 30 days prior notice in writing. No amendment shall be made to the agreement without the written permission signed by the lessor as well as the lessee.
The storage rental agreement is usually aimed at providing a peaceful negotiation for the property required by the lessee. To simplify future consequences, some of the conditions are aforementioned. These include:
- The lessee is prohibited from storing certain products, including illegal, stolen, perishable, or harmful goods. Any type of chemical drug is also not allowed.
- The storage location will be accessible only during specific hours.
- The lessee should be aware of the lien process, which will include the imposition of a penalty or in the worst cases, auction of the storage goods.
- The use of air conditioners should strictly be to only control the temperature of the storage location to a more suited range.
- Any change in contact details of either party should be informed to the other party. It may include a change in contact numbers or address.
Storage unit rental agreements are a pretty safe path to take. You might face many losses if you choose the contrary.
- This agreement indeed resolves any argument between the lessor and the lessee. The terms and conditions are specified before engaging in the agreement. As a result, it safeguards the trust of both parties.
- The documents of the agreement can help in fighting any injustice experienced by any of the parties. It could serve as evidence in front of the jury.
- The agreement does not allow landlords to create a sudden rise in rent. They need to abide by the signed agreement.
- Any fraud residing in the mind of either of the parties could be eliminated entirely based on a proper rental agreement.
Storage Rental Agreement FAQ
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Why do I need a storage rental agreement?
A storage agreement is required to avoid any conflicts between the lessor and the lessee regarding the storage property and location.
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Do I need any insurance?
Some of the owners require the lessee to have insurance on the goods that he/she will store at the storage location. However, sometimes they provide you with their policies for coverage. So it is a good practice to get your goods insured before storing them.
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Does a storage rental agreement ensure the security of my goods?
The responsibility of the goods lies only on the shoulders of the lessee. However, almost all the storage locations are equipped with surveillance cameras to ensure the maximum safety for the customer’s belongings.
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Will my goods be auctioned if I am late in paying rent?
If the lessee is late in rent submission, the lessor can impose a penalty on him/her. However, the goods are mostly auctioned only when the lessee doesn’t show up ever.
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Our simple text storage agreement template is easy to read and understandable for both parties. This template is also up-to-date and effective with law-abiding rules.
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Conclusion
The storage rental agreement is essential for the safety of both the lessor and the lessee. It is not something that can be ignored without reading the document thoroughly and understanding all the critical terms.
CocoSign provides storage unit rental agreements which are aimed to achieve the expectations of both the owner as well as the tenant. It will be easy for both parties to go through our plain texted agreements without giving themselves a headache.
Our service is customizable according to the needs of both parties. We not only deliver an easily understandable and legalized agreement, but we also consider the requirement of the individuals and allow them to present their settlements in their best interest.
DOCUMENT PREVIEW
STORAGE UNIT RENTAL AGREEMENT
This RENTAL AGREEMENT (hereinafter called “Agreement”) dated _______________20____, is made by and between ROK PROPERTIES, LLC (dba Tarlton Storage)(hereinafter called “Landlord”) and _____________________________________________________ (hereinafter called “Tenant”).
1. Tenant Information:
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TENANT INFORMATION (This information can only be changed by written, signed notice from the tenant)
Tenant Name:
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Address:
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Home Phone:
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Names of others allowed access to Unit:
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ADDITIONAL CONTACT INFORMATION
Contact Name:
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Address:
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Are you actively serving in the military? Yes_____ No_____
RENT IS DUE THE 1st DAY OF EACH MONTH
2. Term: The Landlord rents to Tenant that certain storage space designated as UNIT_______ (“Unit”), approximate dimension _____’ x _____’ subject to the terms and conditions of this Agreement and continuing month-to-month until terminated or revised. The Unit is clean and undamaged upon Tenant occupancy unless otherwise noted on a signed addendum to the agreement. Landlord reserves the right to revise any part of this Agreement, or cancel it, with 30 days advance notice to Tenant. Said revised Agreement shall not require Tenants signature to become effective.
3. Rental: Tenant shall pay Landlord a MONTHLY RENT OF $________, which includes Ohio sales tax, on the 1st day of each month. Rent for the first month of occupancy will be prorated on a daily basis from date agreement is entered. There will be no proration for the last month of occupancy. Tenant understands that rent must be paid in full each month and that Landlord does not accept partial payments. Landlord reserves the right to change the rental rate charged at the initial term of this Agreement with 30 days advance notice to Tenant.
4. Payment: Payment of monthly rent and other charges permitted by this Agreement shall be made on time. Check payment can be made payable to Tarlton Storage and mailed to 1125 Sitterley Road, Canal Winchester, OH 43110. No bills or statements are sent. Payment may also be made on the premises at a provided secure drop box or online with a credit card at www.tarltonstorage.com.
5. Other Charges: Tenant agrees to pay applicable late charges as set forth in Paragraph A below or elsewhere in this Agreement. Late fees apply with or without notice.
A. Late Charges: If tenant fails to pay rent by the end of the fifth (5th) calendar day after said rent is due, a late fee of $15.00 will be charged to the Tenant’s account.
B. Returned Check Charge: A fee of $25.00 shall be charged for each returned check. Payments made by Tenant will always be applied first to the oldest charges on the Tenant’s account.
6. Termination by Tenant (Intent to Vacate): TENANT MUST GIVE LANDLORD AT LEAST THREE (3) DAYS ADVANCED NOTICE OF TERMINATION OF THIS AGREEMENT. Any prepaid rent for months other than the month vacating will be refunded. Tenant is responsible for all rent and other charges as long as the Tenant’s lock remains on the Unit. Upon vacating, Tenant must leave the Unit empty, broom clean, and remove Tenant’s lock from the door. If Tenant fails to empty and clean Unit upon vacating, Tenant will pay any costs the Landlord incurs with emptying and cleaning the Unit. Rent and other fees continue to accrue until Tenant’s lock is removed from the Unit.
7. Default: If Tenant fails to pay rent or any part thereof or fails to fulfill any of the covenants or agreements herein specified to be fulfilled by Tenant, Tenant will be considered in default of this Agreement and Landlord may bring an action for restitution of the Premises as allowed by Ohio law. Furthermore, pursuant to Ohio law, Landlord may deny Tenant access to the storage space by overlocking when rent is more than five (5) days past due. If the Tenant does not pay the amount necessary to satisfy the lien and the reasonable expenses incurred by Landlord within ten (10) days after the delivery of a default notice to Tenant, Tenant’s property in or on the premises will be advertised for sale and will be sold at a specified time and place as allowed by the Ohio law. Prior to sending a default notice, Landlord will enter Tenant’s unit to compile an inventory of items required by law for inclusion in the default notice and public sale advertisement. The Tenant’s lock will be physically removed at this time and Tenant’s unit will be sealed with a Landlord’s lock.
8. Use of Storage Space: Landlord is not engaged in the business of storing goods for hire and no bailment is created under this agreement. Landlord exercises neither care, custody nor control over Tenant’s stored property. Tenant agrees to use the storage space only for the storage of property wholly owned by Tenant. Tenant agrees not to live in the storage space or use the space for any illegal purpose. Tenant agrees not to store flammables, stolen property, perishables, guns, ammunition, anything alive or dead. Nothing herein shall constitute any agreement or admission by Landlord that Tenant’s stored property has any value, nor shall anything alter the release of Landlord’s liability set forth below.
9. Hazardous or Toxic Materials: Tenant is strictly prohibited from storing or using on the premises materials classified as hazardous or toxic under any local, state, or federal law or regulation, and from engaging in any activity which produces such materials. Tenant’s obligation of indemnity as set forth below specifically include any costs, expenses, fines or penalties imposed against the Landlord arising out of storage, use or creation of any hazardous material by Tenant, Tenant’s agents, employees, invitees and/or guests. Landlord may enter the space at any time to remove and dispose of prohibited items.
10. Care of the Premises: Tenant, Tenant’s agents, employees, invitees and/or guest, will maintain the premises in good condition, reasonable wear and tear is expected, and Tenant shall not perform any practices which may injure the building or buildings or be a nuisance or a menace to other Tenants and shall keep the premises under Tenant’s control, including the adjoining corridors and/or driveways, clean and free from rubbish, dirt, and other debris at all times. Rubbish shall be removed by Tenant at Tenant’s expense. Landlord is not responsible for removal of goods of any nature
11. Damage by Tenant: Tenant is responsible for the cost to repair any and all damage to the Unit or facility structure caused by Tenant, Tenant’s agents, employees, invitees and/or guests.
12. Insurance: LANDLORD DOES NOT PROVIDE INSURANCE FOR STORED GOODS. Tenant is encouraged to obtain a renters insurance policy to cover Tenant while occupying the Premises. Such policy should include personal property coverage for damage / theft, etc. and personal liability coverage to protect Tenant against injury claims from guests, etc.
13. Release of Landlord’s Liability for Property Damage: All personal property stored within or upon the space by Tenant shall be at Tenant’s sole risk. Landlord, Landlord’s agents and/or employees shall not be liable for any loss or damage to Tenant’s personal property stored at the self storage facility arising from any cause whatsoever including, but not limited to, burglary mysterious disappearance, fire, water damage, rodents, insects, Acts of God, the active or passive acts or omissions or negligence of the Landlord, Landlord’s agents and/or employees.
14. Release of Landlord’s Liability for Bodily Injury: Landlord, Landlord’s agents and/or employees shall not be liable to Tenant, Tenant’s agents, employees, invitees and/or guests for injury or death to Tenant, Tenant’s agents, employees, invitees and/or guests as a result of Tenant’s use of storage space or the premises, even if such injury is caused by the active or passive acts or negligence of the Landlord, Landlord’s agents and/or employees.
15. Indemnification: Tenant agrees to indemnify, hold harmless and defend Landlord from all claims, demands, actions or causes of action (including attorney’s fees and all costs) that are hereinafter brought by others arising out of Tenant’s use of the premises, including claims for Landlord’s active negligence except that Tenant shall not be liable for Landlord’s sole negligence.
16. Landlord’s Right to Enter (No Default): Tenant grants Landlord and/or representatives of any governmental authority, including police and fire officials, access to the Unit upon one (1) days advance notice to Tenant for non-emergency situations. In the event of an emergency, suspected illegal use of the Unit, or structural/mechanical repair to the building, Landlord and/or representatives of governmental authority shall have the right to enter the premises without notice to Tenant, and take such actions as may be necessary or appropriate to preserve the premises, to comply with applicable law, to enforce Landlord’s rights or to protect the safety, health, and welfare of others and other’s stored property.
17. Tenant’s Access: Tenant’s access to the premises may be conditioned in any manner deemed reasonable necessary by Landlord to maintain order on the premises. Such measures may include, but are not limited to, verifying Tenant’s identity and/or limiting hours of operation.
18. Locks: Tenant agrees to use and Tenant shall provide at Tenant’s expense a lock deemed sufficient to secure the Unit. Tenant agrees to keep Unit locked when Tenant is not present at premises. Landlord may, but is not required to lock Tenant’s storage space if it is found unlocked. Tenant may use only one (1) lock per storage space door and Landlord may remove any additional locks placed on storage space by Tenant.
19. Property Left on Premises: Landlord may dispose of any property left in the storage space or on the premises by Tenant after Tenant’s tenancy is terminated. Tenant shall be responsible for all costs incurred by Landlord in deposing of such property.
20. Rules: Landlord shall have the right to establish or change hours of operation or to promulgate rules and regulations for the safety, care, and cleanliness of the premises, or the preservation of good order on the premises. Tenant agrees to observe a 5 M.P.H. speed limit on the premises.
21. Relocation: Landlord reserves the right to relocate Tenant, without expense to Tenant, to any unit of comparable size.
22. Sublease: Tenant may not assign this Agreement or sublet the premises.
23. Severability: It is understood and agreed that if any provision of this Agreement shall be held to be invalid, this Agreement shall be considered to be amended to exclude any such invalid provision and the balance of the Agreement shall be read independently of said excluded provision and shall remain in full force and effect.
24. Governing Law : This agreement shall be subject to and governed by the laws of the State of Ohio.
25. Waiver: The failure of either party to enforce any covenant or other provision of this Agreement shall not constitute a waiver of the right to do so thereafter nor shall give rise to any cause of action or defense on the part of the Tenant.
26. Survival of Covenants: All portions of this Agreement which by necessity are required to be enforced by either party are enforceable beyond the date of the termination of this Agreement.
27. Entire Rental Agreement: This agreement is the entire Agreement between the parties and the terms of this Agreement may be modified, amended or supplemented only in writing which has been signed by all of the parties hereto.
TENANT SIGNATURE:____________________________________________DATE:________________
MANAGER/OWNER SIGNATURE: ______________________________________________________________DATE:________________
