Storage Rental Contract
STORAGE RENTAL CONTRACT
This Storage Rental Contract (“Contract”) is entered into by and between [Your Name] (“Owner”), having its principal place of business at [Your Company Address], and [Client's Name] (“Renter”), residing at [Renter's Address], effective on [Effective Date].
1. STORAGE UNIT
1.1 Description: The Storage Unit is a [size of the unit] enclosed space located at [Storage Facility Address]. The unit is designated as Unit #[Unit Number].
1.2 Condition: The Owner warrants that, at the commencement of the lease, the Storage Unit is clean, in good condition, and suitable for the storage of the Renter's property.
1.3 Use of the Unit: The Renter shall use the Storage Unit solely for the purpose of storing personal property, goods, or vehicles. The Renter shall not use the unit for any unlawful purposes or to store hazardous materials.
1.4 Access: The Renter shall have access to the Storage Unit during the facility's regular business hours, or as otherwise agreed upon by the Owner and Renter.
1.5 Alterations: The Renter shall not make any alterations or additions to the Storage Unit without the prior written consent of the Owner.
2. RENT FEES AND TERMS
2.1 Monthly Rent: The monthly rental payment for the Storage Unit is [amount] dollars, payable on the first day of every calendar month.
2.2 Payment Terms: Rent payments are due in advance. Late payments will incur a late fee of [Late Fee Amount] dollars if not received by the fifth day of the month.
2.3 Prorated Rent: If the Renter moves in or out of the Storage Unit in the middle of a month, the rent for that month will be prorated based on the number of days the Storage Unit was occupied.
2.4 Rent Increase: The Owner reserves the right to increase the rent upon giving the Renter at least 30 days' written notice.
2.5 Acceptable Payment Methods: Rent payments can be made by cash, check, or electronic transfer.
3. SECURITY DEPOSIT
3.1 Deposit Amount: The Renter agrees to provide a security deposit equal to one (1) month's rental charge.
3.2 Deposit Return: The security deposit will be returned to the Renter, less any deductions for unpaid rent, damages beyond normal wear and tear, or any other amount owed to the Owner under this Contract, within [Number of Days] days of the termination of this Contract.
3.3 Use of Security Deposit: The security deposit may not be used to pay rent unless specifically agreed upon by both parties in writing.
3.4 Deposit Receipt: The Owner shall provide the Renter with a written receipt for the security deposit.
4. LIABILITY
4.1 Insurance: The Renter is responsible for obtaining insurance for their stored items. The Owner is not responsible for any loss or damage to the Renter's property.
4.2 Indemnification: The Renter agrees to indemnify and hold harmless the Owner from any claims, damages, or liabilities arising from the Renter's use of the Storage Unit.
5. DEFAULT
5.1 Notice of Default: In the event of default by the Renter, the Owner shall provide written notice to the Renter specifying the nature of the default and providing a cure period of [Number of Days] days.
5.2 Right to Terminate: If the default is not cured within the cure period, the Owner may terminate this Contract and take possession of the Storage Unit.
5.3 Removal of Property: Upon termination, the Owner has the right to remove and store any remaining property in the Storage Unit at the Renter's expense.
6. TERMINATION
6.1 Early Termination: If the Renter wishes to terminate this Contract before the end of the initial rental period, the Renter must give at least 30 days' written notice and pay a termination fee equal to one month's rent.
6.2 Notice to Vacate: Upon termination, the Renter must provide written notice to the Owner and vacate the Storage Unit by the termination date.
6.3 Abandoned Property: If the Renter fails to remove all items and vacate the Storage Unit upon termination, the Owner has the right to dispose of any remaining items at the Renter’s expense.
7. LEGAL COMPLIANCE
7.1 Compliance with Laws: The Renter agrees to comply with all applicable laws, ordinances, rules, and regulations regarding the use of the Storage Unit.
7.2 Insurance Requirement: The Renter must provide proof of insurance for their stored items upon request by the Owner.
7.3 Right of Entry: The Owner reserves the right to enter the Storage Unit at any time for inspection, maintenance, or other purposes.
8. GOVERNING LAW
8.1 Jurisdiction: This Contract shall be governed by and construed in accordance with the laws of the State of [State]. Any legal action arising out of or relating to this Contract shall be brought in the courts of [State].
8.2 Severability: If any provision of this Contract is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
8.3 Entire Agreement: This Contract constitutes the entire agreement between the parties regarding the rental of the Storage Unit and supersedes all prior agreements and understandings, whether written or oral.
This Contract is binding upon the parties, their heirs, executors, administrators, successors, and assigns.
IN WITNESS WHEREOF, the parties have executed this Storage Rental Contract on the day and year first above written.
[Your Company Name]
[Your Name], Owner
[Date Signed]
[Client's Name], Renter
[Date Signed]
