While most warehousing contracts create bailments of the stored goods, other types of agreements may be made covering the subject matter. Of these, the most important are leases of storage space. The essential factor distinguishing a lease of storage space from a bailment of goods is the storer's retaining possession and control over the goods. It cannot be conclusively presumed that a lease rather than a bailment is intended merely because the contract provides for the storing of goods in a certain space in the warehouse. This is true even though the goods are to be placed in a separate room to which the storer is given a key. However, if under the agreement the warehouseman has no control over the storer's access to the premises where the goods are stored, it is generally held that there is a lease of storage space. Of course, the instrument should be drafted to clarify the legal relationship that the parties desire.
Wisconsin Lease of Storage Space with Warehouse Company: A Comprehensive Description Keywords: Wisconsin, Lease, Storage Space, Warehouse Company Overview: A Wisconsin Lease of Storage Space with Warehouse Company refers to a contractual agreement between an individual or business entity (referred to as the lessee) and a professional warehouse company in Wisconsin. This agreement allows the lessee to rent designated storage space within the warehouse facility for a specific period, commonly known as the lease term. Such arrangements are commonly sought by individuals or businesses seeking secure and efficient off-site storage solutions in Wisconsin. Types of Wisconsin Lease of Storage Space with Warehouse Company: 1. General Storage Space Lease: The general storage space lease is the most common type of agreement offered by Wisconsin warehouse companies. It allows lessees to rent a designated area within the warehouse facility to store various goods or belongings. The rented space can range from small lockers or cubicles to entire sections, depending on the lessee's storage requirements. 2. Temperature-Controlled Storage Lease: Certain warehouse companies in Wisconsin also provide temperature-controlled storage options for lessees needing to store sensitive goods or items that require specific environmental conditions. This type of lease allows the lessee to secure storage space within a climate-controlled area, enabling the storage of items prone to damage from extreme temperatures or humidity. 3. Seasonal Storage Lease: Seasonal storage leases are often sought by individuals or businesses with fluctuating storage needs. This type of agreement offers storage space specifically for temporary utilization during particular seasons or occasions. It caters to businesses witnessing seasonal inventory fluctuations or individuals seeking to store their recreational equipment during off-seasons. Key Components of a Wisconsin Lease of Storage Space with Warehouse Company: 1. Rental Term and Renewal: The lease agreement specifies the duration for which the storage space is rented, typically ranging from a few weeks to long-term options. The contract may also include provisions for lease termination and renewal, outlining the procedures and notice periods necessary for both parties. 2. Rental Rates and Payment Terms: The agreement should include detailed information about the rental rates for the storage space, including any additional charges or fees. It should also outline the frequency and method of payment, such as monthly, quarterly, or annual payments, and the consequences of late or non-payment. 3. Security and Access: Warehouse companies must outline the security measures implemented within their facility to protect the lessee's stored goods, such as surveillance systems, access control, and alarm systems. Additionally, the agreement should specify the lessee's access rights to the storage space and any limitations regarding visiting hours or authorized personnel. 4. Insurance: The lease should highlight the responsibilities of both parties concerning insurance coverage for the stored items. The warehouse company typically maintains insurance for the overall facility, while the lessee is expected to obtain their own insurance covering their stored belongings. 5. Liability and Indemnification: The agreement establishes the liability of each party in case of loss, damage, or theft of the stored items. It may also include clauses specifying indemnification, where the lessee agrees to compensate the warehouse company for any damages caused by their negligence. In conclusion, a Wisconsin Lease of Storage Space with a Warehouse Company offers individuals and businesses convenient and secure storage solutions. The variety of storage lease types available cater to different needs, ranging from general storage to temperature-controlled options. Understanding the key components of such a lease agreement helps both parties establish clear expectations and responsibilities throughout the leasing period.
