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Storage Costs & Contracts

Self-storage rental fees

Your rental fee will vary depending on duration, size, and special requirements. Self-storage facilities can be rented weekly, monthly, or annually. When signing a rental contract, you may be asked to leave a deposit. A deposit should be refunded when you remove your items from storage, but make sure you understand the exact requirements for receiving a refund in full.

Note the procedure for terminating your rental contract. Most self-storage facilities require advance notice if you want to end your contract.  Some companies will reimburse you for unused rental time, and some may keep your pre-paid rent.

Also understand how and when your rental facility can terminate your contract. Non-payment is one of the many reasons a rental company can evict you, and it is important to know how your possessions will be handled in the unlikely event you are evicted.

Special services

Many storage facilities provide services other than simple unit rental. Equipment rental, truck use, and hired labor can add to the cost of your rental services. If your self-storage company offers these add-ons, clarify the restrictions and fees. Sometimes, these bundled services are more expensive than if purchased separately. Make sure your storage company is giving you the best deal.

Self-storage contracts

Avoid surprises by reading your storage contract carefully. A self-storage contract outlines all fees and rules regarding your rental unit. Your contract should itemize the cost of the unit, hired labor, truck and equipment rental, insurance, and a lock. In addition, it should explain billing, security, and insurance policies.

All storage rental contracts should include:

  • Your rental fee
  • The cost of extra services or equipment
  • Billing schedule and payment options
  • Insurance requirements
  • Access instructions
  • Termination information
  • Eviction policies

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