Storage rental agreement – what to pay attention to

Renting a storage unit is a great way to get some much-needed space in your home. You can store all kinds of items there. And they are generally not that expensive. And whenever you are renting a storage unit you will be required to sign a storage rental agreement. It’s a long document that many people don’t fully read. But, there are some things in it that you should pay attention to. From liability to payment deadlines. So, here are some of the most important thing to pay attention to when signing it.

What is a storage rental agreement?

While almost no one likes paperwork, it’s an essential part of doing business. And the situation is the same when looking at professional storage services NJ. There needs to be a document outlining the duties and responsibilities of both parties. And that comes in the form of a storage rental agreement. In short, it is a document outlining all the important details when renting a storage unit. From liability for damages to prohibited items.

storage rental agreement
Storage rental agreement is a document outlining the conditions and responsibilities when renting a storage unit

Make sure to read the storage rental agreement

A lot of people never fully read the entire storage rental agreement. And that can put them at a big disadvantage. By not reading the agreement you run the risk of breaking it. For example, some particular items might be prohibited from being stored there. And by putting them in your unit you run the risk of breaking the agreement. And being liable for damages or worse. So, whenever you sign an agreement for moving and storage NJ, make sure you read it. Or at least, make sure you pay attention to the most important things in it. And to get familiar with payment schedules and prohibited items.

Make sure that there is a storage rental agreement

Doing business as easy as possible is not always a good thing. Almost no one enjoys reading pages of legal terms and conditions. But, even if you don’t read it, make sure that there is a storage rental agreement. A lot of shady companies don’t even mention the agreement. And that should be a big red flag when renting a storage unit. Moving and storage rules and regulations are there to protect both you and the company you are working with. And make sure that both parties are abiding by the state and federal law. And if no such document exists, it’s better to look for a better storage company then risk losing all your belongings. Or even worse, getting into trouble.

signing storage rental agreement
It’s important to read the storage rental agreement before signing it

Pay attention with whom you are signing a storage rental agreement

The next thing that you should pay attention to is the name of the other party. Even though the name of the company can be different than their advertised name in the storage rental agreement, you should still pay attention to it. The storage company you are signing an agreement with should be able to explain why that is the case.

Items prohibited by storage rental agreement

The list of prohibited items in a storage unit can vary from state to state. In can even be different from moving company to moving company. The part of the list of prohibited items contains both items prohibited by the government, as well as the ones that the storage company doesn’t want you storing. And it’s very important to get familiar with that list. Otherwise, you might end up inadvertently breaking the storage rental agreement. And that can be bad for many reasons. From fines that you will have to pay to have to evict the unit. And all of those things are a part of the rental agreement.

money
Some companies limit the total value of items stored in a unit

The total value of stored items

Another thing to look out for is the total value of the items that you plan on storing in the unit. Most storage companies have a set limit. And it depends on company to company. It can also depend on the type of storage you are renting. Business storage in NJ usually has a much higher limit than personal storage. But in any case, you should know the number. And even though it probably won’t be a big deal if you store more valuable items, the storage company won’t be liable above that amount.

Payment guidelines in the storage rental agreement

The next thing that you should pay attention to in a storage rental agreement is payment guidelines. They regulate how much and when you have to pay for your storage. This can also vary depending on the company. But knowing when is the last day for payment can save you from a lot of hassle. Otherwise, your storage unit might and up evicted and put on auction. Generally, that is not a good situation to be in.

cash
It’s very important to read payment guidelines in the agreement

Termination guidelines

Termination guidelines are another thing that you should carefully read. They regulate how both you and the storage company can terminate the agreement. The most important thing to look out for is the notice time frame. How much in advance the storage company has to notify you. And vice versa. If you’ve signed a contract for long-term storage, you need to know how you can terminate it. And you need to be able to protect yourself from early agreement termination.

Insurance and liability

Liability is an important part of any contract. It defines who pays and how much for damages that can occur. And it’s the same when signing storage rental agreement. Storage insurance is also important. Some storage companies offer insurance included in the price. While others don’t. Some even require you to get some kind of insurance for your belongings. You should know what happens in case something terrible happens. And who will be responsible for your loss? Otherwise, you can end up losing all your belongings with no one to cover the expenses.

Access hours

One of the most important things to look out for when signing a storage rental agreement is access hours. You should know exactly when you can access your storage unit. This also depends on the company. Some offer 24/7 access to your unit. While others have strict hours when they are opened. It will allow you to choose a storage company which offers access hours that suit your needs the best.

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