Guide to signing a storage rental agreement
Do you want to rent a storage unit but you have a problem understanding the paperwork? It can a little bit overwhelming since you want to find a unit where you will be sure about the safety of your items. If that is the case, then here is a guide to signing a storage rental agreement for you to follow. It does not matter if you want to find a unit for short term or long term storage since you need to sign a contract. For this reason, it is always wise to know what to expect in order to prepare accordingly.
Before signing a storage rental agreement, find a storage unit
Before you start thinking about signing a storage rental agreement, you need to find an adequate storage unit. You can search on the Internet about storage options to see what they offer. It is extremely important to read through reviews and ratings. This will give you a pretty accurate picture of the rental company. After you contact a couple of companies, make sure to go there to inspect storage units. You should make sure your future unit is clean and well protected.
Points you should know about a storage rental agreement
Every contract provides important details about the agreement that both parties involved sign. Having this contract, you can avoid any unnecessary misunderstandings and conflicts. This document holds all important terms, conditions, and payment information that both parties have to follow. In addition to this, it should include contact information, such as an address, contact telephone number, and unit number. Apart from this, you should have the start and end date of the agreement written there as well.
Parts of the rental agreement
Every rental agreement should have four sections describing terms in great detail. Before signing a storage rental agreement, you should read carefully through these four sections in order to make sure you understand everything. After all, there must be reasons why people use storage units and go through this hassle.
Signing a storage rental agreement – Payments section
The payments section is usually the most interesting one to possible renters. Your storage rental agreement should indicate the amount of your rent, and due date. In addition to this, it should also state the amount for a security deposit and the due date for it. Another point should be dedicated to late payments or what happens if you do not pay. It is in your interest not to have your items auctioned off due to late rents. Lastly, this section needs to have to include any other possible fees you might need to pay. For example, if you lose the key or insurance offered by the rental company. If they do not have insurance, it would be smart to get one of the best moving insurance.
Using your storage unit
Usually, storage companies will specify what you can safeguard in your storage, and how to store it safely. You might need to use moving boxes for storing your books, dishes, and other small items. In addition to this, your storage rental agreement will indicate what is forbidden for storage. These items include garbage, toxic waste, flammable liquids, and perishable food. Apart from the list of items for storage, this section will go into detail about cleanliness. You might need to use specific pallets to prevent damage but this depends on the items you plan to store. One thing is for sure, you will have to clean the unit before you leave it. It is a logical requirement, especially if you the unit was clean when you started to rent it.
Other important points
Here you will find a shortlist of other important points you should take into consideration before signing a storage rental agreement.
- Change of your personal information – you will probably have to notify your company of the change of address or phone number
- If you leave the storage unit – you will have to give the notice when you want to leave the unit in advance
- Entering your storage unit – the contract should also cover if the landlord can enter your unit or not
- Blocking your entrance to the unit – the contract should clearly state when the landlord can block your entrance to your storage unit
Signing a storage rental agreement – understand legal jargon
In order to be completely sure you understand all terms in your contract, get yourself familiar with the following legal terms.
- Pledge of personal property – it means that the landlord can keep your items and later sell it if you do not pay the rent.
- Exemption from liability – the owner is not responsible if your items get damaged or if you injure yourself in your storage unit. For this reason, be careful what you rent, and look for good insurance. However, this exemption does not apply if the owner or their employees do the things mentioned above on purpose.
- Indemnification – if a tenant does something that might result in a lawsuit against the company, the tenant will have to pay for any decision.
- Breach – this is a violation of any terms of your storage rental agreement.
Read the contract carefully
It is extremely important to read carefully before signing a storage rental agreement. If you do not understand something, make sure to ask the people from the company. Points to double-check include the dates, price, parking, utilities to use, and policies. In addition to this, make sure to ask the following questions.
- Whom to contact for maintenance problems
- Where to get insurance
- Is renewal possible after the end of the rental term
- What to do in a case of emergency
Guide to signing a storage rental agreement
As you can, there are many points to consider before signing a storage rental agreement. Make sure you completely understand everything on your contract. Only then you can sign it.