Storage Rental Agreement

Page 1 of 5 Storage Rental Agreement This Storage Rental Agreement (hereinafter referred to as the "Agreement") is entered into and shall be effective as on ____ / ______ / _____ (hereinafter referred to as the "Effective Date") By and Between Tyson Boulden, (hereinafter referred to as "Lessor"), having its principal place of business at 8 Innesfail Road, Nerang QLD 4211, and; [Client Name], ____________________________________________________ (hereinafter referred to as "Lessee"), having its principal place of business at [Client Address] ____________________________________________________ The Lessor and the Lessee are collectively referred to as "Parties" and individually as "Party." WHEREAS Lessor wishes to offer storage space for rent, AND WHEREAS Lessee wishes to rent such storage space for warehousing purposes and requirements from Lessor; NOW, THEREFORE, in consideration of the mutual covenants and commitments contained herein, as well as other goods and valuable consideration (the receipt and sufficiency of which are to be acknowledged), the Parties do hereby agree as follows. Terms and Conditions 1. Rented Space Lessor hereby agrees to provide, and Lessee agrees to rent, a storage space located at the following address: 8 Innisfail Road, Nerang QLD 4211 (hereinafter referred to as the "Unit"). Locker No.(if applicable) _______________ 2. Term The term of the lease commences on [Date] ______ / _______ / ______(hereinafter referred to as the "Commencement Date") and continue on a month to month basis until terminated by either of the Parties.
Page 2 of 5 3. Rent The Lessee shall pay a monthly rent of $ __________ to the Lessor from the Commencement Date and throughout the term of this Agreement on or before the [Date] ______ / _______ / ______ of every month. (hereinafter referred to as the "Rent"). If the Lessee fails to pay the amount within the set period after providing the notice by the Lessor, the Lessee shall be in breach of this Agreement. 4. Security Deposit The Lessee shall pay a security deposit of $200.00 to the Lessor that will be due upon commencement. If the rented property is in good condition (except ordinary wear and tear), the total of the security deposits shall be refunded to the Lessee within 5 business days after the Unit has been completely vacated. 5. Possession of the Unit The Lessee shall occupy the Unit on the Commencement Date and shall yield the possession to the Lessor Upon cancellation of this storage rental agreement. 6. Use of the Space 1. Lessee shall utilize the space for storage purposes only and shall not store any live animals or hazardous materials inside the Unit. 2. Lessee acknowledges that the unit is not be used as a dwelling, place of business, or for any purposes other than the storage of personal property. 3. Illegal activities and items are prohibited on the Unit at all times. 7. Maintenance The Lessee shall maintain the Unit clean and in well-kept condition at all times during the term of this Agreement. Should periodic maintenance or repairs be necessary, the Lessor agrees to notify the Lessee 24 hours prior to making such repairs.
Page 3 of 5 8. Damage to the Unit If the Lessee causes any damage to the Unit beyond normal usage, the Lessee shall be held responsible for such damages and agrees to pay for such damages prior to retrieving their personal property from the storage unit. 9. Insurance The Lessor doesn't provide any type of insurance that would protect the Lessee's personal property from loss by fire, theft, or any other type of casualty loss. The Lessee is encouraged to secure all the necessary insurance that would protect itself and its property from any kind of damage. 10. Lessor's Access to the Unit The Lessee shall allow the Lessor to inspect the Unit during business hours upon advanced written notice or at any time in the case of an emergency without prior notice. 11. Condition of the Unit The Lessee warrants that it has examined the Unit and hereby accepts it as being in good order and condition. 12. Termination Each party retains the right to revoke this Agreement upon written notice to the other party at least 7 days before the termination date. Upon the termination of the Agreement, the Lessee shall have 7 days to remove all its personal goods and return the Unit to the Lessor. 13. Abandonment This Agreement shall automatically terminate if the Lessee abandons the Unit. If the Unit remains vacant without safety for 7 days, it shall be considered abandoned and the Lessee has to for re-rental the Unit from the Lessor. 14. Limitation of Liability In no event shall Lessor's liability exceed the total amount paid by the Lessee for the Unit for any cause of action or future claim. The Lessee hereby agrees that Lessor is not liable for any special, incidental, consequential, or other damages arising out of or relating to this Agreement in any way. 15. Indemnification The Lessee agrees to indemnify, hold harmless, and defend the Lessor for any damage or injuries caused to any personal items or property in the storage space, and hereby accepts that the Lessor shall not be responsible for any damage.
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