Storage Unit Leases

Public storage offers self storage units in thousands of storage facilities nationwide.

Storage unit leases.

The purpose is the self storage of personal non perishable property. Legislation initiated by the tennessee self storage association sb 1293 southerland and. 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. A lease agreement is used when the landlord agrees to rent land property to the tenant.

Hb 1265 sargent passed through both the house and senate and was signed into law by governor bill haslam on april 29 2011. It s not uncommon for a storage owner to be duped into renting a unit by someone with a stolen identity or false contact information. Even though it seems obvious you have to give yourself the right to end this type of tenancy especially if you need judicial assistance. As the renter you are expected to pay a monthly fee in exchange for a secure place to keep your belongings.

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. 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. The new law took effect on july1 2011. Renting a storage space isn t a complex ordeal.

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. Neither party wants to be locked into an extended term for this type of lease. Leasing a storage unit is usually simpler than leasing a residence or commercial space. Our contracts include necessary information such as payment due dates terms termination details and security information.

Tennessee self storage facility act. Feel free to limit the value of the items stored. 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. State of tennessee public chapter no.