Storage Unit Leases

The purpose is the self storage of personal non perishable property.

Storage unit leases.

Leasing a storage unit is usually simpler than leasing a residence or commercial space. Lessee acknowledges that the unit is not be used as a dwelling place of business or for any purposes other than storage of personal property. Lessee shall use the storage unit for storage purposes only and will not store live animals or perishable goods inside the premises. Feel free to limit the value of the items stored.

State of tennessee public chapter no. As the renter you are expected to pay a monthly fee in exchange for a secure place to keep your belongings. Storage space lease agreement basics the storage unit industry is often a lucrative business to keep your business profitable it helps to have a good storage space lease agreement. Legislation initiated by the tennessee self storage association sb 1293 southerland and.

Tennessee self storage facility act. Renting a storage space isn t a complex ordeal. Hb 1265 sargent passed through both the house and senate and was signed into law by governor bill haslam on april 29 2011. Personal property stored within the leased premises or space for rent labor or other charges and expenses reasonably incurred in its sale and the tenant personal property stored in the leased premises or space may be sold by landlord to satisfy lien if the tenant is in default pursuant to krs 359 320 et seq.

But there are still important rights and potentially valuable property involved so it s important to create a thorough storage unit lease agreement to cover each party s rights and duties. Our contracts include necessary information such as payment due dates terms termination details and security information. A lease agreement is used when the landlord agrees to rent land property to the tenant. Define in logical terms what can and can t be stored in your facility.

Public storage offers self storage units in thousands of storage facilities nationwide. In the storage unit industry the storage unit is used when a party doesn t have enough space in their building or office to store their items then they make an agreement with a landlord to rent a storage unit. Neither party wants to be locked into an extended term for this type of lease. There are laws governing the way storage units are handled when disputes or other problems arise but they vary from state to state.