RENTAL LEASE AGREEMENT
This RENTAL AGREEMENT is entered into between Acme Units, LLC., hereinafter referred to as the “Landlord” and the individual that is reserving their storage unit via our online website portal, hereinafter referred to as the “Tenant”. In consideration of the obligation of the Tenant to pay rent and abide by the other terms and conditions of this Agreement, the Landlord rents to the Tenant the following:
The unit size and type have been chosen via our online portal.
TERM: The term of this tenancy shall commence on the date specified online, and shall continue from the first day of the month immediately following, on a month-to-month basis. This Agreement shall be automatically extended each month unless the Tenant, in writing, delivers to Landlord a written notice of its intention to terminate this Agreement ten (10) days prior to the end of the then current rental month. Landlord has the sole and exclusive right to terminate this Agreement for any reason by giving Tenant ten (10) days written notice. Abandonment of the unit by Tenant prior to the end of a month shall not entitle Tenant to a refund of rent or return of deposit.
RENT: The rental charge for this unit has been stated during our online portal, payable in advance on the date of execution of this Agreement via our automated credit card system, and on the first day of each calendar month as long as occupancy exists. If such rent is not paid by the fifth of each month, Tenant agrees to pay a Late Charge of $10.00 per week. The first month’s rent is pro-rated by the day. (If the space is rented after the 5th of the month, payment of the next month’s rent is also due.) There is no refund in whole or in part of unused rent paid in advance. Rent is due for the entire month, not by the day. The basic monthly rental rate may be changed at any time by the Landlord, by giving written notice to Tenant 15 days prior to the end of the month of this tenancy, by mail to any of the addresses supplied by Tenant.
DEPOSITS: Tenant shall pay in advance one deposit equal to one month’s rent, receipt of which is hereby acknowledged, to secure Tenant’s faithful performance of all terms of this Agreement. At Landlord’s sole option, amounts may be withheld from the deposits to compensate Landlord for rent, or any other charges due and unpaid under this Agreement at the time Tenant relinquishes, abandons, or otherwise loses possession of the storage space by operation of law.
- The deposit is required to insure the following:
- All sums due are current.
- Notification of Landlord at least ten days prior to the end of tenancy.
iii. Removal of all items upon termination of tenancy and unit is swept. (Do not leave paper, broken glass, etc. in rental space.)
- Condition of rental space is in as good a condition as at beginning of tenancy, reasonable wear
and tear is expected.
USE: The rented space may be used only for the purpose of storing personal property. Tenant shall not keep anything within the space of a corrosive or hazardous nature, or which contains pollutants which will invalidate any insurance the Landlord has on the building itself, or for any illegal purpose, or which violates any zoning regulations or ordinance of any governmental agency, or which creates a nuisance upon the premises. Landlord shall have the right to establish and promulgate additional rules for the safety, care, and cleanliness of the premises, or the preservation of good order on the facility. Tenant agrees to abide by all rules now in effect.
INSURANCE: Tenant must provide and maintain the insurance on his property bearing coverage for fire, extended coverage, burglary, vandalism and malicious mischief for the actual cash value of such property. All personal property placed with the rented space by Tenant shall be at the Tenant’s own risk. Tenant expressly agrees that the carrier of such insurance shall not be subrogated to any claim of Tenant against Landlord, Landlord’s agents or employees. Landlord shall not be liable to Tenant or Tenant’s invitees, family, employees, agents, or servants for any personal injuries or property damage unless the same is due to the willful act or gross negligence of the Landlord, his agents, servants, or employees. Landlord shall not be liable to Tenant for any damage to or loss of any personal property while stored at the rental premises arising out of any cause whatsoever, including but not limited to burglary, fire, water damage, mysterious disappearance, rodents, acts of God, or active or passive acts or omissions or negligence of Landlord or Landlord’s agents, or employees.
NOTICE OF DEFAULT AND LANDLORD’S RIGHT TO DENY ACCESS TO AND SELL PROPERTY, IF TENANT DEFAULTS IN ANY OF ITS OBLIGATIONS UNDER THIS RENTAL AGREEMENT, THE LANDLORD MAY NOTIFY THE TENANT OF THE DEFAULT WITH A WRITTEN NOTICE, IN ACCORDANCE WITH THE PROVISIONS OF SECTION 4 OF THE SELF-SERVICE FACILITY ACT, ILL. REV. STAT., CH. 114, 801, ET SEQ. UPON GIVING SUCH NOTICE, THE TENANT SHALL BE DENIED ACCESS TO THE TENANT’S PROPERTY. IF THE DEFAULT CONTINUES FOR FIFTEEN (15) DAYS FROM THE DATE OF MAILING SUCH NOTICE, THE LANDLORD MAY ADVERTISE THE TENANT’S PROPERTY FOR SALE OR OTHER DISPOSITION AND MAY SELL OR OTHERWISE DISPOSE OF THE PROPERTY. THE LANDLORD’S RIGHT WITH RESPECT TO THE TENANT’S PROPERTY SHALL EXIST FOR EACH SUCCESSIVE DEFAULT. IF THE LANDLORD SELLS THE CONTENTS OF THE UNIT, THE TENANT SHALL PAY, IN ADDITION TO ALL OTHER SUMS DUE HEREUNDER, AN ADMINISTRATIVE SELLING CHARGE OF $15.00. TENANT SHALL PAY TO LANDLORD ALL COSTS AND ATTORNEY FEES INCURRED BY TENANT BY AFORESAID ACTION.
SECURITY INTEREST: It is the intent of the parties hereto that the Rental Agreement shall constitute a security agreement within the meaning of the Uniform Commercial Code with respect to such of the contents of the rental premises as constitute personal property and to all replacements thereof, substitutions therefore or additions thereto all of such property sometimes hereinafter referred to as the “collateral”, and that a security interest shall attach thereto for the benefit of and is hereby granted by Tenant to the Landlord to secure the payment and performance of Tenant’s obligations under this Agreement. Tenant hereby authorizes Landlord to file financing and continuation statements with respect to the collateral without the signature of Tenant whenever lawful or to file copy of this Rental Agreement as a financing or continuation statement. In the event that this Agreement shall be terminated by reason of Tenant’s default hereunder, Landlord may in addition to all other rights or remedies it may have in such event, exercise any right or remedy with respect to the collateral which it may have as a secured party under the provisions of the Uniform Commercial Code or otherwise. It is expressly understood that the Landlord retains statutory landlord’s lien and that all rights of Landlord hereunder or in law are cumulative, and an exercise of one or more of such rights shall not constitute a waiver of any other right.
INDEMNIFICATION BY TENANT AND ATTORNEY’S FEES: Tenant agrees to indemnify and hold harmless the Landlord from all fines, suits, claims, demands, actions, and expenses (including attorney’s fees) of any kind by reason of any breach, violation or non-performance of any provisions hereof required of Tenant, his agents or employees. Tenant shall pay all legal costs and charges, including counsel feels, whether for negotiation, trial, appellate or other legal services incurred by Landlord in obtaining possession of the rental premises after default by Tenant or upon expiration of earlier termination of this Agreement or in enforcing any obligation of Tenant contained in this Agreement.
TERMINATION: THE LANDLORD SHALL HAVE THE RIGHT TO TERMINATE THIS RENTAL AGREEMENT FOR ANY REASON BY GIVING THE TENANT TEN (10) DAYS ADVANCE WRITTEN NOTICE OF SUCH TERMINATION.
LANDLORD’S FAILURE TO GIVE POSSESSION: Landlord shall not be liable for damages to Tenant for failure to deliver possession of the rental premises to Tenant at the commencement of the term if such failure is due to no fault of the Landlord.
SUBLEASE: The tenant shall not sublease or assign the rental premises without prior written permission from the Landlord.
NOTICES: All notices, requests, communications and demands hereunder shall be given in writing and shall be deemed to have been duly given if delivered in person or sent by registered or certified mail, postage prepaid, to any party at such party’s last known address or such other place as any party shall periodically designate in writing. It shall be the duty of the Tenant to furnish the Landlord notification in writing at Landlord’s address provided herein of any change of address or phone number by certified mail, return receipt requested, postage prepaid.
ALL LEGAL NOTICES SHALL TO FORWARDED TO THE FOLLOWING EMAIL ADDRESSES:
BINDING EFFECT: The terms and provisions of this Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns.
NO ORAL AGREEMENTS: This Rental Agreement contains the entire agreement between Landlord and Tenant and no oral agreements shall be of any effect whatsoever. Tenant agrees that it is not relying and will not rely upon any oral representation made by Landlord or Landlord’s agents or employees purporting to modify or amend this Agreement in any way whatsoever. Tenant agrees that this Agreement may be modified only in writing, signed by both parties, in order for such modification to have any effect whatsoever.