Property Management Contracts and Leases

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Yesterday I proofread and edited contracts for self storage. Before I began, I hadn’t really thought much about all the details that went into a contract between the storage facility and the tenant. But I can tell you now that I know all the ins and outs of just what exactly it is that you’re signing.

I was amazed at some of the seemingly bizarre, random things listed. Entire clauses were dedicated to the rules of what is ok to store, and even more clauses about what is not ok to store. I thought to myself, “Why in the world would this even need to be written?” But I’m sure it’s written in there because at some point in time some one did each of those things.

I would say it’s safe to assume that most tenants don’t read the details of the contract they’re signing. It would be a good idea for the store manager to verbally highlight some of the more important aspects of the rules or regulations of the contract. You’re your manager tell the tenant they can not store any living things, or once living things? No biohazardous or flammable substances? What about the rules of storing a car; is it licensed and titled? While these details may seem obvious they should still be stated. Even if for no other reason than to perhaps make tenants who otherwise planned on doing those things nervous enough not to do them. If they think you keep a close eye on what goes on then they’ll be more likely to behave.

Written by: Sarah Little, TQA Executive.

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Disclamer: This entry is intended to promote our partner StorageMart and some or all participants received compensation.