Storage Lease Agreement Template
This Storage Space Lease Agreement (the "Agreement") is entered into on (the "Effective Date") by and between
, an individual registered at (hereinafter referred to as the "Lessor"), and
, an individual registered at (hereinafter referred to as the "Lessee"), collectively referred to as the "Parties" and individually as the "Party".
WHEREAS the Lessor owns the storage space identified herein and intends to lease it to the Lessee for the purpose of storing the Lessee's personal property;
WHEREAS the Lessee wishes to lease the Storage Space from the Lessor under the terms outlined in this Agreement;
WHEREAS the Lessor and the Lessee have agreed to enter into this Agreement that regulates the terms and conditions of the lease of the storage space;
NOW, THEREFORE, in consideration of the mutual promises and obligations set forth in this Agreement, the Parties have agreed as follows:
SUBJECT OF THE AGREEMENT. This Agreement pertains to the lease of the Storage Space (the "Storage Space"), which is described as follows:
• Description:
• Size: sq. ft.
• Location:
• Other:
LEASE TERM AND TERMINATION. The lease term (the "Lease Term") shall commence on (the "Lease Start Date") and shall continue until (the "Lease End Date") unless terminated earlier as provided herein.
Either Party may terminate this Agreement at any time by giving the other Party days prior written notice.
The Lessor may terminate this Agreement and return the possession of the Storage Space without prior notice to the Lessee if the Lessee does not fulfill the obligations, including but not limited to not making the Lease Amount payment for more than days after the Due Date, or not making other required payments, or breaching any other terms of this Agreement.
The Lessee may terminate this Agreement immediately without penalty and return the Storage Space to the Lessor if the Lessor fails to comply with any material condition of this Agreement, provided that the Lessee shall notify the Lessor in writing about the failure and provide the Lessor with a reasonable period to remedy the issue.
The Lessee shall have the right to terminate the Agreement if the Lessor fails to transfer access to the Storage Space before the Lease Start Date unless such failure results from circumstances beyond the Lessor's control. In such a case, the Lessor shall reimburse the Lessee for payments made before the Lease Start Date, in proportion to the number of days of delay.
Upon termination of this Agreement, the Lessee shall immediately vacate the Storage Space and return it to the Lessor in good condition, except for reasonable wear and tear.
The sublease of the Storage Space by the Lessee is allowed.
PAYMENT PROCEDURE. The Lessee agrees to pay the full lease amount of (the "Lease Amount") on or before (the "Due Date") by cash.
If the Lessee does not make a payment by the Due Date, a late fee of % of the overdue amount per day or at the maximum rate permitted by law, whichever is less (the "Late Fee"), should be charged.
The Lessee shall provide the Lessor with a security deposit of (the "Security Deposit"). The Security Deposit shall be returned to the Lessee within days following the expiration or termination of this Agreement, provided that the Lessee has complied with all of its terms and conditions.
The Security Deposit shall be returned in full, except for any deductions related to the unpaid lease, damage beyond normal wear and tear, or any other amounts payable to the Lessor under this Agreement. The deductions, if any, shall be documented and communicated to the Lessee along with the return of the Security Deposit.
UTILITIES. The Lessee shall cover all utility bills, which include:
These payments are included in the Lease Amount.
USE OF THE STORAGE SPACE. The Lessee shall use the Storage Space solely for the purpose of and shall not employ the Storage Space for any other purpose without obtaining prior written consent from the Lessor.
The Lessee shall not have the right to store hazardous, toxic, flammable, explosive, or other dangerous materials in the Storage Space. The Lessee shall not use the Storage Space for any illegal activities, including but not limited to the storage of chemicals, gasoline, propane, firearms, ammunition, fireworks, and illegal substances, as well as the storage of stolen property or other prohibited substances.
The Lessee shall keep the Storage Space clean and free of debris. The Lessee shall not be entitled to make any changes or modifications to the Storage Space without obtaining prior written consent from the Lessor.
The Lessee shall comply with all applicable laws, rules, and regulations governing the use and occupation of the Storage Space.
Any violation of the terms of this section may lead to the termination of this Agreement and eviction from the Storage Space.
SECURITY. The Lessor shall provide adequate security measures for the Storage Space, including .
The Lessee shall take reasonable measures to ensure the security of the Storage Space, including locking the Storage Space and not passing the access code or key to others.
In case of a security breach or theft, the Lessee shall immediately notify the Lessor and the relevant law enforcement authorities.
LIABILITY AND DAMAGES. The Lessee shall be liable for any damages that result from the Lessee's negligence or willful misconduct, including but not limited to damage to the Storage Space, the Lessor's property, or the property of other lessees.
The Lessee agrees to indemnify, defend, and hold harmless the Lessor, Lessor's affiliates, agents, employees, and officers against any claims, damages, losses, liabilities, costs, and expenses, including reasonable attorneys' fees, resulting from or related to the Lessee's use of the Storage Space or storage of its property, except for claims, damages, losses, liabilities, costs, or expenses caused by the Lessor's negligence or willful misconduct.
The Lessee shall be solely responsible for the safety of the stored property and shall take all necessary measures to prevent theft, damage, or any unauthorized access to the Storage Space. The Lessor shall not be liable for any loss, damage, or theft of the Lessee's property unless it results from the Lessor's negligence or intentional actions.
The Lessee is advised to insure the property, as the Lessor does not provide insurance coverage for the Lessee's property.
The Lessor agrees to indemnify, defend, and hold harmless the Lessee, Lessee's affiliates, agents, employees, and officers against any claims, damages, losses, liabilities, costs, and expenses, including reasonable attorneys' fees, resulting from or related to the Lessor's obligations under this Agreement, except for claims, damages, losses, liabilities, costs, or expenses caused by the Lessee's negligence or willful misconduct.
The Lessor shall not be liable for any loss, damage, or theft of the Lessee's property unless it results from the Lessor's negligence or intentional actions.
In the event of any damage or loss caused by the Lessor's negligence or intentional acts, the liability of the Lessor shall be limited to repairing or replacing the damaged property within the limit of insurance coverage, if any.
MAINTENANCE. The shall be responsible for maintaining the exterior of the Storage Space, including the roof, walls, doors, and windows.
The Lessee shall be responsible for maintaining the interior of the Storage Space, ensuring its cleanliness and proper disposal of waste. The Lessee shall not be entitled to make any changes or modifications to the Storage Space without obtaining prior written consent from the Lessor.
The Lessee shall immediately notify the Lessor in writing of any damages or repair requirements.
The Lessee shall comply with all applicable laws, rules, and regulations governing the use of the Storage Space. The Lessee shall not use the Storage Space for any illegal activity.
The Lessor shall have the right to enter the Storage Space to carry out necessary repairs or inspect the Storage Space after providing prior notice to the Lessee, except in emergencies when such access is immediately required.
The Lessee shall not have the right to carry out repairs or maintenance that require the assistance of a licensed specialist without obtaining prior written consent from the Lessor.
NOTICE. Any notice, request, demand, or other communication required to be given under this Agreement shall be in written form. It shall be deemed duly given if delivered personally or sent by registered mail, return receipt requested, postage prepaid, or reputable overnight delivery service to the address set forth below. It may also be delivered to the email address set forth below.
If to the Lessor:
Attn. ,
, USA
If to the Lessee:
Attn. ,
, USA
Either Party may change the registered mail or email address for receipt of notices by giving written notice to the other Party.
Notices shall be deemed received on the day of delivery if sent by hand or courier service or on the third business day after the date of posting if sent by registered mail or email.
CONFIDENTIALITY. The Parties agree to keep all confidential information disclosed during this Agreement and not to share such information with any third party unless required by law. To fulfill the Parties' obligations under this Agreement, the Parties agree not to use the confidential information for any purpose unrelated to this Agreement.
This confidentiality clause shall remain in effect after the termination or expiration of this Agreement.
FORCE MAJEURE. Neither Party shall be liable for any failure to perform or delay in performing the obligations under this Agreement if such failure or delay is caused by events of force majeure, including but not limited to acts of God, war, terrorism, strikes, lockouts, labor disputes, pandemics, governmental regulations, or any other similar cause beyond the reasonable control of the affected Party.
In the case of force majeure, the affected Party shall immediately notify the other Party in writing and provide reasonable proof of the cause of the delay or inability to perform the obligations. The Party affected by force majeure shall endeavor to mitigate the consequences of such circumstances and resume the performance of obligations as soon as possible after the circumstances cease to exist.
If the force majeure circumstances last more than days, either Party may terminate this Agreement by giving written notice to the other Party. In this case, neither Party shall be liable to the other Party for any damages arising from the termination of this Agreement.
SEVERABILITY. The invalidity or unenforceability of any provision of this Agreement shall not affect its validity or enforceability.
ENTIRE AGREEMENT. This Agreement constitutes the entire understanding between the Parties and supersedes all prior or contemporaneous agreements, understandings, negotiations, or discussions, whether oral or written, relating to the subject matter of this Agreement. Any amendments or modifications to this Agreement must be in writing and signed by both Parties. This Agreement does not create a partnership or joint venture between the Parties, and neither Party has the authority to bind the other in any respect.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.
|
THE LESSOR |
THE LESSEE |
|
, , USA
______________________ (Place for signature)
|
, , USA
______________________ (Place for signature)
|
Template Description
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