Lease Storage Space

Lease Agreement of Storage Space for Storage of Personal Property in a Commercial Storage Facility

Storage Agreement made on the (date), between of referred to herein as Lessee, and , a corporation organized and existing under the laws of the state of , with its principal office located at , referred to herein as Lessor.

1. Property Leased

Lessor leases to Lessee room number (the Premises) in a building known as , located at , to be used as a storage room for storing personal property (not to include perishable, explosive, and highly flammable material), for a term of months, beginning on and ending .

2. Rent

Lessee shall pay to Lessor as rent $ per month, payable on the first day of each month in advance as rent for the use of the Premises. Lessor acknowledges receipt of $ as a rent deposit which pays rental to the date of the first rental period to .

3. Lessee’s Covenants

Lessee agrees and covenants with Lessor that Lessee:

A. Will not use the Premises for any unlawful purpose;

B. Will pay the rent as it becomes due;

C. Will keep the Premises in good condition (usual wear and depreciation excepted);

D. Will not store perishable, explosive or highly flammable material or goods on the Premises without the written consent of Lessor;

E. Will at Lessee's expense obtain his own insurance, if any, on the property stored on the Premises; and

F. Will not hold Lessor responsible for damage, if any, to Lessee's property caused by fire, water, or otherwise.

4. Security Interest

In addition to such liens and remedies provided by law to secure and collect rent, Lessee by this instrument grants to Lessor a security interest in all of Lessee's property, now or at any time in the future stored on the Premises. In case of default in the payment of the rent by Lessee, Lessor is authorized to seize and take possession of the property and place Lessor's lock on the doors of the Leased Premises, and after days' notice to Lessee as provided below, if the rent is not paid within the time specified in the notice, sell the property at public or private sale, for the payment of the rent. From the proceeds of such sale Lessor shall satisfy its lien, including the reasonable cost of such sale, and the balance, if any, of the proceeds shall be paid to Lessee. The notice shall be in writing and shall be delivered in person or by registered or certified mail addressed to the last known residence of Lessee and shall contain a demand for the payment of the rent, the date by which rent must be paid to avoid sale, and a statement that unless the rent is paid within the time specified, the property will be sold.

5. Holding Over

If Lessee holds over and retains possession of the Premises after the expiration of this Lease, then his occupancy of the Premises shall be as a tenant from month to month at the above monthly rate. All covenants and conditions contained in this Lease shall continue in full force and effect so long as Lessee retains possession of the Premises.

6. Breach and Termination

A breach of any of the above covenants and conditions by Lessee shall, at the option of Lessor, terminate this Lease and the Lease shall then become null and void.

7. Severability

The invalidity of any portion of this Agreement will not and shall not be deemed to affect the validity of any other provision. If any provision of this Agreement is held to be invalid, the parties agree that the remaining provisions shall be deemed to be in full force and effect as if they had been executed by both parties subsequent to the expungement of the invalid provision.

8. No Waiver

The failure of either party to this Agreement to insist upon the performance of any of the terms and conditions of this Agreement, or the waiver of any breach of any of the terms and conditions of this Agreement, shall not be construed as subsequently waiving any such terms and conditions, but the same shall continue and remain in full force and effect as if no such forbearance or waiver had occurred.

9. Governing Law

This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of .

10. Notices

Any notice provided for or concerning this Agreement shall be in writing and shall be deemed sufficiently given when sent by certified or registered mail if sent to the respective address of each party as set forth at the beginning of this Agreement.

11. Attorney’s Fees

In the event that any lawsuit is filed in relation to this Agreement, the unsuccessful party in the action shall pay to the successful party, in addition to all the sums that either party may be called on to pay, a reasonable sum for the successful party's attorney fees.

12. Mandatory Arbitration

Any dispute under this Agreement shall be required to be resolved by binding arbitration of the parties hereto. If the parties cannot agree on an arbitrator, each party shall select one arbitrator and both arbitrators shall then select a third. The third arbitrator so selected shall arbitrate said dispute. The arbitration shall be governed by the rules of the American Arbitration Association then in force and effect.

13. Entire Agreement

This Agreement shall constitute the entire agreement between the parties and any prior understanding or representation of any kind preceding the date of this Agreement shall not be binding upon either party except to the extent incorporated in this Agreement.

14. Modification of Agreement

Any modification of this Agreement or additional obligation assumed by either party in connection with this Agreement shall be binding only if placed in writing and signed by each party or an authorized representative of each party.

15. Assignment of Rights

The rights of each party under this Agreement are personal to that party and may not be assigned or transferred to any other person, firm, corporation, or other entity without the prior, express, and written consent of the other party.

16. In this Agreement, any reference to a party includes that party's heirs, executors, administrators, successors and assigns, singular includes plural and masculine includes feminine.

WITNESS our signatures as of the day and date first above stated.