Storage Space Agreement - Template, Sample Form Online

Storage Space Agreement

State of Alabama

This Storage Space Agreement, hereinafter referred to as the "Agreement," is entered into and made effective as of the date set forth at the end of this document by and between the following parties:

________, a Corporation, incorporated under the laws of the state of Alabama, having its principal place of business at the following address:

________
Email: ________

and ________, a Corporation, incorporated under the laws of the state of Alabama, having its principal place of business at the following address:

________
Email: ________

Hereinafter, "Lessor" will refer to and be used to describe the following party: ________. "Lessee" will refer to and be used to describe the following party: ________. Lessor and Lessee may be referred to individually as "Party" and collectively as the "Parties."

RECITALS:

WHEREAS, Lessor wishes to offer for rent a storage space,

WHEREAS, Lessee wishes to rent such storage space from Lessor;

NOW, therefore, in consideration of the promises and covenants contained herein, as well as other good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged), the Parties do hereby agree as follows:

Article 1 - LEASE OF SPACE:

Lessor hereby agrees to provide, and Lessee agrees to rent, a storage space located at the following address:

________

The storage space will be of the following description and size:

________

Lessee's lease of the storage space will hereinafter be described as the "Lease."

Article 2 - DURATION OF LEASE:

The Lease will begin on ________ ("Start Date") and continue on a month to month basis until the Lessee relinquishes the storage space and terminates this Agreement.

Article 3 - PRICE:

For the Lease, Lessee agrees to pay and Lessor agrees to accept the following amount: $________ (________) (the "Lease Price"), per month, through the duration of the Lease. This Lease Price is exclusive of any applicable taxes.

The Lessor and the Lessee each acknowledge the sufficiency of the Lease Price as consideration.

Article 4 - DEPOSIT:

A security deposit of the following amount is required: $________ (________) ("Deposit"). The Deposit will be due on ________.

After the Lease is entirely completed and the storage space has been relinquished back to the Lessor, Lessee will get the Deposit back in total. The Deposit may be refundable in case the Lease is canceled prior to its beginning, at Lessor's sole and exclusive discretion.

Article 5 - PAYMENT:

The Lease Price will be paid in only one of the following methods of payment:

________

Payment will be due on the following day of the month, each month: 1st.

Article 6 - DISCLAIMER OF WARRANTY:

Lessor and Lessee each agree that the storage space is being leased "as is" and that Lessor hereby expressly disclaims any and all warranties of quality, whether express or implied, including but not limited the warranties of merchantability and fitness for a particular purpose.

Article 7 - LIMITATION OF LIABILITY:

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Article 8 - ATTENDANTS:

The storage space may be supervised by attendants. Such attendants are not responsible for any personal items or property left in the storage space.

Article 9 - USE:

Lessee acknowledges and agrees that the storage space is to be used exclusively for the storage of Lessee's personal items and property. Electrical wiring in the storage space is not permitted. Residence in the storage space is not permitted.

Article 10 - ACCESS:

Lessee shall have access to the storage space during the normal hours of operation established by Lessor. Lessor reserves the right to change the hours of access upon reasonable notice to Lessee. Lessee agrees to comply with all rules and regulations established by Lessor governing access to and use of the storage space and the premises on which it is located.

Article 11 - PROHIBITED ITEMS:

Lessee shall not store any flammable, explosive, hazardous, toxic, perishable, illegal, or otherwise dangerous materials in the storage space. Lessee shall not store any items that emit noxious odors, attract pests, or that are in violation of any applicable law, ordinance, or regulation. Lessor reserves the right to inspect the storage space and to require the removal of any prohibited items.

Article 12 - DEFAULT:

In the event that Lessee fails to pay the Lease Price when due, or otherwise breaches any term of this Agreement, Lessee shall be in default. Upon default, Lessor may, in addition to any other remedies available at law or in equity, deny Lessee access to the storage space and may exercise any lien rights available under applicable law with respect to the personal items and property stored therein.

Article 13 - TERMINATION:

This Agreement may be terminated by either party upon 30 days' written notice to the other party.

Article 14 - GENERAL PROVISIONS:

A) GOVERNING LAW: This Agreement shall be governed in all respects by the laws of the state of Alabama and any applicable federal law. Both Parties consent to jurisdiction under the state and federal courts within the state of Alabama. The Parties agree that this choice of law, venue, and jurisdiction provision is not permissive, but rather mandatory in nature.

B) LANGUAGE: All communications made or notices given pursuant to this Agreement shall be in the English language.

C) ASSIGNMENT: This Agreement, or the rights granted hereunder, may not be assigned, sold, leased or otherwise transferred in whole or part by either Party.

D) AMENDMENTS: This Agreement may only be amended in writing signed by both Parties.

E) NO WAIVER: None of the terms of this Agreement shall be deemed to have been waived by any act or acquiescence of either Party. Only an additional written agreement can constitute waiver of any of the terms of this Agreement between the Parties. No waiver of any term or provision of this Agreement shall constitute a waiver of any other term or provision or of the same provision on a future date. Failure of either Party to enforce any term of this Agreement shall not constitute waiver of such term or any other term.

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G) ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the Parties and supersedes any prior or contemporaneous understandings, whether written or oral.

H) HEADINGS: Headings to this Agreement are for convenience only and shall not be construed to limit or otherwise affect the terms of this Agreement.

I) COUNTERPARTS: This Agreement may be executed in counterparts, all of which shall constitute a single agreement.

J) FORCE MAJEURE/EXCUSE: Neither Party is liable to the other for any failure to perform due to causes beyond its reasonable control including, but not limited to, acts of God, acts of civil authorities, acts of military authorities, riots, embargoes, acts of nature and natural disasters, and other acts which may be due to unforeseen circumstances.

K) NOTICES ELECTRONIC COMMUNICATIONS PERMITTED: Any notice to be given under this Agreement shall be in writing and shall be sent by email, first-class mail, or airmail to the address of the relevant Party set out at the head of this Agreement. Notices sent as above shall be deemed to have been received 3 working days after the day of posting (in the case of inland first class mail), or 7 working days after the date of posting (in the case of airmail). In the case of email, notices shall be deemed to have been received the next working day after sending.

In proving the giving of a notice it shall be sufficient to prove that the notice was left, or that the envelope containing the notice was properly addressed and posted, or that the applicable means of telecommunication was addressed and dispatched and dispatch of the transmission was confirmed and/or acknowledged, as the case may be.

EXECUTION:

Name: ________

Representative Name: ________________________

Representative Title: _________________________

Representative Signature: _____________________

Date: _____________________________________

Name: ________

Representative Name: ________________________

Representative Title: _________________________

Representative Signature: _____________________

Date: _____________________________________