Who enjoys reading contracts? Nobody, that’s who!! For the most part, they’re long, dry, and full of legalese, making them difficult to understand, especially if you don’t have a legal background. And while contracts are a necessary part of any business transaction, including leasing a self-storage unit, they don’t have to be a headache.
SecureSpace offers easy self storage move-in, letting you quickly take care of your storage needs. Simply reserve your unit online, move in at your convenience, and rest easy knowing their units come with secure locks and monitored surveillance systems for your peace of mind.
But before putting pen to paper and agreeing to their contract’s terms and conditions, you should understand a few aspects. And although contracts vary by state and region, the following elements cut across the board.
1. Rental Period
Typically, it’s more cost-effective to keep your belongings in storage for an extended duration. Most self-storage contracts offer month-to-month terms, with discounts for customers who sign up for a longer rental period. That said, you’ll still need to approve monthly rental extensions and pay the bill on time to ensure uninterrupted service.
2. Payment Terms
Your lease document will typically outline the payment methods accepted by SecureSpace or any other property owner, including the fees for late payments. Ensure you have a firm grasp of these terms before signing up for their services and make payments as required to avoid penalties.
It also spells out the due amount for the rental period and the repercussions of failing to pay. For instance, the service provider may seize and auction your items if you don’t pay the agreed sum within a certain period. Or, they could penalize you for late payments. By knowing what might ensue if you fail to pay, you can make necessary arrangements before signing on the dotted line.
3. Usage Policy
The usage policy outlines how you can use the self-storage unit – permissible items, prohibited items, and acceptable activities. For instance, the service provider may allow you to store any household item aside from those related to criminal activity. They may also prohibit you from stowing hazardous materials due to insurance liabilities.
Similarly, the contract may cap the value of stored items. The service may also limit the number of visitors you can have at the facility and set specific rules for loading, unloading, and parking your vehicle.
As for cleanliness, your contract should stipulate that you maintain your unit’s condition. That means disposing of debris and not using it as a workshop or living space. Plus, upon the termination of your agreement, the agreement may require you to leave the unit as you found it. This may entail extra cleaning and repairs.
Thus, check the usage policy before making a payment and leasing your unit. While at it, inquire about extra services such as climate control and pest prevention to ensure your items remain in good condition during storage.
4. Cancellation Clause
The end of tenancy clause in your agreement should spell out the procedure for ending your service. This includes the duration of notice you must give, charges associated with early termination, and the process of returning your security deposit – if applicable. As such, if you sign a month-on-month contract but fail to notify the service provider of your intended move, they may automatically renew your contract.
Also, find out what the service expects of you regarding returning keys, cleaning the unit, and other requirements. Doing this averts potential misunderstandings and can ensure you get your security deposit back on time.
A notice will also suffice if you change your address. Usually, your agreement will require you to update the landlord on your new address in case of changes. By so doing, they can contact you if an issue arises.
5. Insurance Coverage
Although coverage options vary, they’re a prerequisite for any self-storage facility. Confirm whether the storage facility carries insurance and whether it covers your items while in storage.
Some providers may include insurance in the lease agreement – protecting your items from theft, vandalism, and fire. However, if this isn’t the case, you may need to buy separate insurance from a third party. If your property is valuable, it’s wise to purchase additional insurance for added protection.
Clearly, it’s prudent to find out such foreseeable costs. Knowing this way ahead can save you from financial constraints later.
6. Landlord’s Rights
Just as you’re entitled to your rights as a tenant, so is the landlord. For instance, they may not allow you to sublet your unit. Also, the service provider may need to enter the rented space for maintenance and inspection purposes. And if you fail to honor your end of the deal, they can lock you out or repossess the space, including your stored items.
Therefore, read the fine print to avoid surprises after signing a self-storage agreement. That way, you’ll be aware of your rights and obligations. And if you have queries, inquire before sealing the deal.