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What Is a Storage Space Lease Agreement?
When you are leasing space to a new tenant for storage space, you will want to have them complete a Storage Space Lease Agreement before allowing the tenant to use the space. This agreement will lay out all of the rules and regulations you have for using the space provided. A Storage Space Lease Agreement template can be downloaded below.
You will want to include the following information in your Lease Agreement for Storage Space:
- Contact information (for both the lender and tenant).
- Terms of the contract, including start date, end date, and when rent is due. You will want to include information on how the tenant can cancel their lease (via a 30-Day Notice, etc.).
- How payment will be collected (check, cash, or digital payment), and how much the rent will be each month. Include other cost-related items such as grace periods, late fees, security deposit, or cleaning costs after a unit has been vacated.
- Rules for termination of the contract due to unpaid rent, illicit activity, or the tenant not following the agreed-upon rules for using the space.
- List the days and hours when the storage space will be available for access and if the storage space will be unavailable on holidays throughout the year. Notify the tenant if a security system will be turned on when the space is not accessible.
- How the tenants will be allowed to use the storage spaces and what activities will be prohibited (such as living in the space, renting the space to a third party, keeping live animals, etc).
- Liability statement that you or the storage space company is not responsible for any lost or missing items.
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