Storage Agreement A Storage Agreement defines the terms for storing goods or materials, specifying storage fees, conditions, access rights, and liability limitations.
1.1. Description of Storage Facility
The Provider shall provide the Customer with secure storage space within Provider's storage facility at [Facility Address] ("Facility"). The Facility offers several types of storage units, including climate-controlled units, and is equipped with state-of-the-art security measures to ensure the safekeeping of stored goods and merchandise.
1.2. Storage Unit
Provider shall provide Customer with a storage unit at the Facility ("Storage Unit") of the size selected by Customer for storage of Customer's goods and merchandise ("Stored Items"). Customer shall only store goods in the Storage Unit that conform to the requirements outlined in this Agreement.
2.1. Storage Fees
Customer shall pay Provider a monthly storage fee as follows: [Storage Fee Amount] for [Storage Unit Size]. Provider reserves the right to change the storage fee upon thirty (30) days written notice to Customer. The storage fee is due on the first day of each month and shall be considered late if not received by the Provider within five (5) days of the due date.
2.2. Late Fee and Default
If Customer fails to pay any storage fee when due, a late fee of [Late Fee Amount] will be assessed against Customer and shall be payable with the late payment. If Customer's payment is more than thirty (30) days late, Provider may, at its sole discretion, terminate this Agreement and exercise any remedies available under law or equity.
3.1. Access to Storage Unit
Customer shall have access to the Storage Unit during the Facility's posted hours of operation. Provider may change the access hours upon thirty (30) days written notice to Customer. Customer acknowledges that Provider has the right to deny access to the Storage Unit for any breach of this Agreement or non-payment of fees.
4.1. Permitted Goods
Customer shall only store goods that are legally owned by Customer, have a legitimate purpose, and do not violate any local, state, or federal laws or regulations.
4.2. Prohibited Goods
Customer is strictly prohibited from storing the following items in the Storage Unit:
5.1. Insurance Responsibility
Customer is responsible for maintaining adequate insurance coverage on Stored Items, naming Provider as an additional insured. Customer shall provide proof of insurance to Provider upon request.
5.2. Provider's Liability
Provider is not responsible for theft, damage, or destruction of Stored Items, except in cases of gross negligence or willful misconduct by Provider. Provider's liability for any loss or damage to Stored Items is limited to the lesser of the actual cash value of the Stored Items or [Maximum Liability Amount]. Provider's liability shall not extend to any consequential, incidental, indirect, special, or punitive damages.
5.3. Customer Indemnification
Customer shall indemnify, defend, and hold harmless Provider, its officers, directors, employees, and agents from and against any and all claims, damages, losses, or expenses, including reasonable attorney's fees, arising out of or related to Customer's breach of this Agreement, Customer's use of the Storage Unit, or any negligence or willful misconduct by Customer.
This Agreement shall be governed by and construed in accordance with the laws of the United States and the laws of the State of [State]. Any disputes arising from or relating to this Agreement shall be resolved in the state or federal courts located in [County], [State].
This Agreement may be terminated by either Party upon thirty (30) days written notice to the other Party. Upon termination, Customer shall remove all Stored Items from the Storage Unit within the notice period, and shall leave the Storage Unit in the same condition as it was at the commencement of this Agreement, subject to ordinary wear and tear.
8.1. Entire Agreement
This Agreement constitutes the entire understanding and agreement between the Parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, whether oral or written, between the Parties with respect to such subject matter.
No amendment or modification of any provision of this Agreement will be effective unless in writing and signed by both Parties.
This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
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