A storage rental agreement is a legal agreement between a party who provides rental storage space and the party who rents it from them. These days, many agreements are made with commercial storage rental companies with different branches in many locations. That means that most adhere to legal templates and are relatively standardized to provide clear terms and conditions. As a binding written agreement, it is part of real estate law in general and contains some legal terminology that will help legal professionals sort through any conflict or issue between the renting party, and the individual, household, business or other party who rents the spaces that are provided.
Terms included in a storage rental agreement will include limits on the duration of the storage contract, as well as information about when rates may change, or how the renter may charge for storage on an ongoing basis. The agreement will also generally cover access to the space, as well as upkeep for the property and specific rental units. Customers can refer to their paperwork for any restrictive policies or other concerns.
It will also typically include provisions for environmental conditioning, if this is offered by the company as part of the rental contract. The contract will likely include information on restricted or banned materials, including hazardous materials, and any other conditions for using the storage space. Customers will often find conditions involving use of the space, where a wide number of business and residential uses are disallowed by the company or other renting party.
As a common resource in contract law, a storage rental agreement can be helpful when the needs of the customer change or if the renting party finds out that the customer is inappropriately using the storage space. This contract can also be useful when the management of a storage space changes or when a rental facility goes out of business. Both parties involved in the transaction can refer to their agreement as a first step in solving any questions related to what they originally agreed on. Although they are a common part of large commercial storage rental leases, these agreements can also play an important role in more informal contracts for use of a single garage space or other “rental by owner” situation where clearer rental terms can make long term management of a rental property easier.
