Every time you rent out your garage, driveway, or other pieces of land, you need to write down everything possible to prevent disputes between parties. This is when a lease agreement for storage unit comes in. Drafting and signing this document is not legal advice but a must-have solution for safety reasons.
Storage company rental agreements are legally binding between two parties: landlord and renter. People need it when they want to store objects in a commercial storage facility. The lease agreement for a storage unit specifies what objects it will hold, as well as the rates and costs.
Both parties must sign a contract when renting a storage unit. In spite of the simplicity of the contract, it is essential that you make sure you know what you are signing. Here are some of the key points you’re signing up for.
Self-storage leases are typically straightforward, but it’s a good idea to read up on them.
Since the laws of each state differ, each commercial lease template is unique. Each contract should cover the following four areas:
Prepared for: Name
Created by: Name
In this storage space lease agreement, entered into on DATE, LESSOR, and LESSEE have agreed to the following:
As part of this storage rental agreement, Lessor grants Lessee access to the following storage unit:
Facility Name:
Facility Address:
Unit Number:
Unit Description:
As of DATE, the Lessor agrees to lease the storage unit located at ADDRESS on a month-to-month basis until either party terminates or revises it. A storage rental agreement remains in effect until the time of cancellation.
The Lessee must pay a security deposit of $DEPOSIT at the time of signing and will pay a monthly fee of $RENT for the advance rental of the property due on the 15th of each month.
When the Lessee fails to pay rent on time for a given month, the Lessor will charge the Lessee a late fee of $AMOUNT. Lessees shall pay a return check fee of $AMOUNT if the banks return the checks.
Lessees will receive a receipt of payment from the Lessor no later than ___ days after receiving the payment.
Payment can be made by (list payment methods).
The Lessee shall use this storage unit for storage only, and agrees not to store live animals or perishables inside the building.
(exceptions)
The Lessee shall not use the unit as a residence, place of business, or for any purposes other than the storage of personal property. The Lessee will not sublet the unit.
The Lessee may store nothing outside the facility provided by the Lessor. No illegal activities or items may be brought onto the premises.
The Lessee is responsible for the property inside the unit. At no time does the Lessor assume or imply a responsibility for the Lessee’s property. Within 24 hours of cancellation of this storage rental agreement, the Lessee must remove all property from the unit. After that time, any property left in the unit shall become the Lessor’s property.
The Lessor is not responsible for damage to items stored on the premises.
During this agreement, the Lessee will maintain the storage unit in a clean and well-maintained condition.
The Lessee agrees to be notified 24 hours in advance of periodic maintenance or repairs.
STATE shall have jurisdiction over this lease. Both parties agree to seek mediation before going to court.
There is no provided security for the storage unit, and all property stored is the Lessee’s responsibility.
Loss of or damage to the storage of property is not the Lessor’s responsibility.
If the rented storage unit is damaged beyond normal wear and tear, the Lessee is solely responsible.
Before retrieving their property from storage, the Lessee agrees to pay for any damage beyond wear and tear.
The Lessee must comply with the following rules:
The Lessee agrees to indemnify, defend, and hold harmless the Lessor from all claims, actions, and causes of action (including attorney’s fees and all other related costs) that third parties bring due to Lessee’s use of the storage unit and common areas.
Either party may terminate this agreement with [number] days’ written notice. The Lessee must send written notification to the responding party by certified mail or by hand delivery.
A written amendment signed by both parties is necessary to amend, redact, or otherwise alter this storage rental agreement.
The parties may only amend, redact, or otherwise alter this agreement after mutual consent. Changes may be made to rent, rules, maintenance services, items no longer allowed in storage, and so on.
The court shall replace any article of this storage rental agreement deemed unenforceable, illegal, or unfair with one accomplishing the same basic purpose of protecting both parties as they relate to this storage rental agreement.
Any unenforceable terms or conditions will not affect the remaining terms and conditions.
The parties agree to the terms and conditions outlined in this storage facility agreement.
(Signatures and Dates)
When renting a unit, the contract will specify the monthly rent. Payment methods will also be specified, such as electronic means, checks, or credit cards.
There are rules for every property, and every lease should explain what tenants can and cannot do with a unit. Liability clauses should also express what will happen if either party violates the law, which may include additional fees, eviction, or even a financial loss.
Self-storage contracts typically run month-to-month, so if you don’t call to give notice by certain due dates, it will renew for another month. Consider those timelines when moving out of your storage unit. Notifying the property owner may be necessary if you move or change your phone number.
Storage leases are two-way contracts. The facility has obligations as well. Contracts should spell out their responsibilities and limits.
Download our free printable rental agreement templates, available as Word documents or Adobe PDFs, that can be filled out online. We offer storage unit rental agreement templates that are easy to use. Storage unit agreement forms are available here as an example for your use.
Frequently Asked Questions
