As the need for extra storage space continues to rise, more and more individuals and businesses are turning to storage units. When renting a storage unit, it is important to thoroughly understand the lease agreement. Here are some key things to look for in a storage unit rental lease agreement:
1. Rental terms: The lease agreement should clearly outline the rental terms, including the length of the lease, the rent amount, payment due dates, and any late fees or penalties.
2. Access hours: Check the lease agreement to confirm the storage facility`s access hours. Make sure they align with your storage needs.
3. Security: The lease agreement should detail the security measures the facility has in place, such as 24-hour surveillance cameras, gated access, and alarm systems. This will give you peace of mind that your belongings are safe and secure.
4. Liability: The lease agreement should state who is responsible for any damages to your belongings while they are in storage. It is also important to check if the storage facility offers insurance options.
5. Termination: The lease agreement should outline the conditions for terminating the lease, including notice requirements, fees, and any other penalties for early termination.
6. Restrictions: Make sure to read the lease agreement carefully to understand any restrictions on what can and cannot be stored in the unit. Some facilities may prohibit certain items, such as hazardous materials or illegal substances.
7. Rent increases: Finally, be aware of any potential rent increases. The lease agreement should state the conditions under which the facility may increase the rent amount.
In conclusion, when renting a storage unit, it is important to read and understand the lease agreement carefully. By paying attention to the above key points, you can ensure you are getting the best possible rental agreement and have a better experience with your storage unit.