PRECISION OUTDOOR STORAGE, LLC
RENTAL AGREEMENT
680 Linwood Road
Mooresville, NC 28115
704-877-1112
The State of North Carolina – Iredell County
1. RENT
Rent is the sum of $_______ per month, payable in advance upon the 1st day of each month to Landlord. In the event rent is not paid within 10 days after the due date, Tenant agrees to pay $20.00 late payment. In the event rent is not paid within 15 days after the due date, eviction proceedings will begin.
2. DEPOSITS
Tenant shall pay in advance a security and damage deposit of $50 to be held by Landlord for Tenant’s faithful performance of the terms of this agreement, and for repair of the space after surrender by Tenant. The deposit shall be returned to Tenant within 10 days of written notice, less all charges for repairing. In addition, Landlord may retain any amounts necessary to compensate Landlord for rent due and unpaid under this agreement.
3. USE AND OCCUPANCY AND COMPLIANCE WITH LAW
The premises are to be used only for storage of personal property owned by Tenant. No Perishables or Hazardous Goods shall be stored. The storage of Corrosives, Contaminants, and Pollutants that may be harmful to the environment are prohibited.
Tenant agrees that the premises will not be used for operation of any business or for human or animal occupancy. Trash or other discarded materials shall not be allowed in or near the leased premises. The storage of welding, flammable, explosive or other inherently dangerous material is prohibited.
Landlord requires seeing the registration on any titled vehicle stored. Tenant agrees that the battery must be disconnected while in storage.
Tenants shall not store on the premises any items which shall be a violation of any order or requirement imposed by any Board of Health, Sanitary Department, Police Department or other government or government agency or in violation of any other legal requirement, or do an act or cause to be done any act which creates a nuisance in or upon or connected with the premises.
Nothing herein shall alter the release of Landlord’s liability set forth in paragraph 13.
4. ACCESS
In Landlord’s sold discretion, Tenant’s access to the premises may be conditioned in any manner deemed reasonably necessary by Landlord to maintain order and protect security on the premises. Such measures may include, but are not limited to, limiting hours of operation, and requiring verification of Tenant’s identity.
5. RULES
Tenant agrees to abide by all Precision Outdoor Storage, LLC rules and policies that are posted and are now in effect or that may be put into effect from time to time.
Landlord agrees to supply written copies of said rules to Tenant as they now exist and as they may be modified or adopted in the future.
6. CONDITION AND ALTERATION OF PREMISES
Tenant has examined the premises and hereby accepts them as being in good order and condition and agrees to pay Landlord promptly for any repairs of the premises, caused by Tenant’s negligence or misuse or the misuse by Tenant’s invitees, licensees, and guest.
Tenant shall make no alterations or improvements of the premises without the prior written consent of Landlord. Should Tenant damage the premises or make alteration without the prior written consent of Landlord, then all costs necessary to restore the premises to its prior condition shall be borne by Tenant.
7. INSPECTION
Landlord may enter the space for the purposes of inspection without the prior notice to Tenant whenever Landlord believes that any hazardous condition or nuisance has been created, or is occurring in the space, or for repairs.
8. TERMINATION
The tenancy may be terminated by either Landlord or Tenant by giving ten days written notice to the other party.
As a condition for such termination, and prior return of any deposit, Tenant shall completely vacate the space, leaving it in good and clean condition, reasonable war and tear accepted and allow Landlord to inspect the space in Tenant’s presence to verify the final condition of the space.
As a further condition of termination, Tenant shall leave a forwarding address where Tenant may be served by certified mail in any action to recover unpaid rent or for damages to the space or to the premises.
9. ABANDOMENT AND/OR DEFAULT
Tenant shall not abandon the space at any time during the term of this Agreement.
In addition to any other circumstances indicating abandonment by Tenant, it is specifically agreed that in the event rent is due, owing an unpaid in any amount for fifteen (15) consecutive days, it is to be conclusively presumed that Tenant has abandoned the space and defaulted upon this Agreement.
In the event abandonment or other default occurs, a lien will be put on Tenant’s property.
10. ASSIGNMENT OR SUBLETTING
Tenant shall not sublet or assign all or any portion of the space or Tenant’s interest therein without prior written consent of Landlord. Such assignment without consent shall constitute an act of default.
11. ATTORNEY’S FEES
If legal action shall be brought by Landlord for any breach of this agreement, Tenant shall pay to Landlord all costs, expenses and reasonable attorney’s fees incurred by Landlord in such action.
12. INDEMNITY
Tenant, for himself, his agents, executors, administrators, and assigns does hereby indemnify and agree to hold the Landlord, his agents and assigns, free and harmless from any and all claims, demands, actions, causes of action, damages, attorneys fees and cost of every kind and nature whatsoever, that are hereafter made or brought by any person or entity whatsoever as a result of arising out of Tenant’s use or occupancy of the leased premises.
In addition, the Tenant shall, upon demand of the Landlord, his agents or assigns, provide at his own cost all necessary defense of the Landlord of any such claim, demand, action or cause of action.
13. RELEASE OF LANDLORD’S LIABILITY
As a further consideration for the use and occupancy of the space and premises, Tenant for himself, his agents, executors, administrators and assigns does hereby release Landlord, his agents, administrators, executors and assigns, guest, licensees or invitees from any loss or damage, injury, or death caused to them or their property, as the result of the use and occupancy of the space and premises.
It is further agreed that any stored property is placed in the space at Tenant’s sole risk, and Landlord and Landlord’s agents, employees and assigns shall have no responsibility or liability for bargained for condition of the rent set forth herein, that Landlord does not carry insurance to cover losses or damages to Tenant’s property from any cause whatsoever, and that were Landlord not released from liability as set forth here, a much higher rent would have to be agreed upon.
Tenant further acknowledges that insurance is a must to protect Tenant in the event of theft, damage, or destruction of his stored property.
Tenant expressly agrees that the carrier of the insurance shall not be subrogated to any claim of Tenant against Landlord, or Landlord’s agents or employees for any liability released herein.
Tenant acknowledges that Landlord does not warrant or represent that Tenant’s property will be safely kept, nor that it will be secure against theft, nor that the premises and space are secure against hazards caused by water, fire, or the elements of weather or earthquake.
14. SECURITY OF SPACE
Tenant agrees to be solely responsible for providing such locks, or other security devices as Tenant desires, for securing objects in the space.
In the event such locks or security devices are rendered ineffectual for their intended purpose from any cause, or the space is rendered insecure in any manner, Landlord may, at its sole option, take whatever measures are deemed reasonably necessary by Landlord to re-secure the access to Tenant’s space.
Landlord is not responsible for taking any measures whatsoever, nor for notifying Tenant that access to the space has become insecure.
The fact that Landlord has taken measures to re-secure the access to Tenant’s space under this paragraph shall not alter the limitations upon Landlord’s liability set forth in paragraph 13 of this agreement, nor shall such measures be deemed a conversion of Tenant’s stored property.
TENANT ACKNOWLEDGMENT
THE TENANT AGREES THE ABOVE INFORMATION IS CORRECT. PLEASE LET US KNOW OF ANY CHANGE IN ADDRESS.
Please give a 10 Day Notice before leaving.