This office lease clause states that the tenant shall be allowed to utilize the storage area and the same shall be deemed to be included in and be a portion of the demised premises. There will be no charge for the use of storage area by way of rent or for any other services. This form also lists acknowledgments of the tenants obligations for use of the storage area.
The Pennsylvania Storage Area Clause is a legal provision that is commonly found in homeowners insurance policies in the state of Pennsylvania. This clause specifies the coverage limitations or exclusions for personal property that is stored in a separate storage building or facility. Under this clause, homeowners insurance policies typically provide coverage for personal property that is stored in the insured's primary dwelling or an adjacent building on the same property. However, coverage for personal property stored in a separate storage facility may be subject to certain limitations or exclusions. The Pennsylvania Storage Area Clause is designed to protect insurers from assuming the additional risk associated with personal property stored off-site. Since the insurer has limited control over the security, maintenance, and environmental conditions of external storage facilities, they often impose specific conditions on coverage. There are different types of Pennsylvania Storage Area Clauses that may vary depending on the insurance carrier and policy. Some common variations include: 1. Named Perils Coverage: This type of clause provides coverage for personal property stored in external storage facilities against specifically named perils, such as fire, theft, vandalism, and water damage. Any damage or loss caused by perils not explicitly listed may not be covered. 2. Valuation Limitations: Some storage area clauses may impose limitations on the maximum amount of coverage provided for personal property stored off-site. This means that if the value of the items stored exceeds the specified limit, the excess amount may not be covered under the policy. 3. Deductibles: Insurance policies with a storage area clause may have separate deductibles specifically for losses occurring in the storage facility. These deductibles are typically higher than the deductible for losses within the primary dwelling. It's important for homeowners in Pennsylvania to carefully review their insurance policies to understand the specific terms and conditions of the storage area clause. Additional coverage options may be available for personal property stored off-site, such as optional riders or endorsements, so consulting with an insurance professional is recommended to ensure adequate coverage for stored items.
