Three Things To Confirm Before Leasing A Storage Place

Self-storage facilities are useful when you have things to store, but no extra space in your house. That being said, you shouldn't forget that storage facilities have their own unique issues that you should know before signing the lease. Here are three examples of what you need to confirm first:

You Can Pay the Rent

Just like any other rental contract, there are consequences for failing to pay storage place rent. Some places will give you a grace period, and even incentives in the form of discounts, to settle your overdue rent. Others may also charge you late fees for failing to pay the rent on time. However, if you fail to pay the rent despite the facility's best efforts, your valuables are likely to be auctioned.

The cost of self-storage varies a lot depending on different factors, such as the size of the storage unit and availability of climate control facilities. According to some statistics, the medium cost is $75 to $150 per month. Evaluate your needs and confirm you will be able to pay the rent before signing the lease. Don't forget any other extra fees you may be charged, such as padlock fees, when computing what you can afford.

You Are Protected Against Loss of Your Property 

Despite the storage facility's best precautions, your unit can still get broken into and your belongings trashed or stolen. Before signing a contract, understand what happens in case such an incident occurs. For example, the storage facility may include a contract that limits its liability should you lose your belonging to theft. However, even with such waivers in place, you can still hold the facility responsible for losses arising out of its negligence, for example, if its employees are responsible for the theft (although such cases are rare).

Still, it's advisable to take precautions for such incidences. Check if your normal renters or homeowner's insurance covers the self-storage unit. If not, buy insurance (some facilities sell coverage) so that you are protected against such losses.

You Are Allowed to Store the Items

Lastly, you should confirm that your facility of choice accepts the specific items you wish to store in its place. This is necessary because storage facilities have restrictions on the kinds of items you can store in their units. Therefore, if you just rent a unit without considering this factor, you may later learn the facility won't accept some of the items. For example, some places won't accept guns and fuel. Store such items on facilities specifically designed for them.

For more information, talk to a professional like AAA Flying Trolley Self Storage.