Tennessee Lease for Storage of Goods

• Category: Leases - Storage
• State: Multi-State
• Control #: US-00411BG
• Format: Word; Rich Text

Description

This form is designed and used for the purpose of renting or leasing individual storage space to occupants who are to have access to such for the purpose of storing and removing personal property. "Personal property" means movable property not affixed to land and includes, but is not limited to, goods, merchandise and household items. A "Warehouseman" is a person engaged in the business of storing goods for hire. A warehouseman may liable for damages for loss of or injury to the goods caused by his failure to exercise such care in regard to them as a reasonably careful man would exercise under like circumstances. Therefore it is important to state in the agreement that the Lessee is not a warehouseman but is merely renting space.

The Tennessee Lease for Storage of Goods is a legal agreement between a tenant (the person or business seeking storage space) and a landlord (the owner or manager of a storage facility), outlining the terms and conditions for renting and using storage space to store goods or belongings. This lease document serves as a contract, ensuring the rights and responsibilities of both parties are established and upheld. The lease typically begins by identifying the parties involved, providing their names, addresses, and other contact details. It may also include a description of the storage facility, including its location, dimensions, and specific storage unit being rented. The key terms and details outlined in the lease include the duration of the lease, specifying the start and end dates or if it is an ongoing arrangement. The lease may also mention any renewal or termination procedures. Another important aspect of the Tennessee Lease for Storage of Goods is the rent amount and payment terms. It specifies the monthly or periodic rent that the tenant needs to pay for the storage space. It may also mention the accepted forms of payment, such as cash, check, or online transfers, as well as any late fees or penalties for non-payment. The lease document may also address the issue of security deposits or insurance requirements. It may stipulate whether the tenant needs to provide a security deposit as a form of protection against damage to the storage unit or non-payment of rent. Additionally, it may indicate if the tenant is required to obtain insurance coverage to protect their stored goods. This clause ensures that both the tenant and landlord are protected in case of theft, damage, or loss. Furthermore, the Tennessee Lease for Storage of Goods often includes terms and conditions related to access and use of the storage facility. It may specify the permissible access hours, the tenant's responsibilities for maintaining security, and any restrictions on storing certain items such as hazardous materials or illegal substances. In terms of possible variations, there may exist different types of Tennessee Lease for Storage of Goods, catering to specific circumstances. Some examples may include short-term or month-to-month leases, long-term leases, climate-controlled storage leases for sensitive items like artwork or electronics, vehicle storage leases, or business inventory storage leases. In conclusion, the Tennessee Lease for Storage of Goods is a legal agreement that establishes the terms and conditions between a tenant and a landlord for renting and using storage space. It covers crucial aspects such as rent payment, access, security, and insurance. Different types of leases may exist to accommodate various storage needs and durations.