1. TERM AND RENTAL PAYMENTS
All rentals at Knob Creek Storage are month-to-month, payable in advance on the first day of each month. Payments must be made by the due date. There is a 4 day grace period. If the rent is not paid by the 5 of the month, a late fee of $10.00 will be assessed. If the Renter’s payment is returned by the bank for any reason, an additional fee of $25.00 will be charged.
Full Month Rent: Rent is due in full for each rental period. If the Renter vacates the unit before the end of a rental period, no prorated refund of rent will be issued, and the full rent amount for that period remains due.
2. USE OF STORAGE UNIT
The Renter shall use the storage unit solely for the purpose of storing personal property owned by the Renter. The storage unit is to be used for lawful purposes only and is not to be used for any illegal or hazardous materials. Prohibited items include but are not limited to explosives, flammables, noxious materials, perishables, or any items that may cause damage to the unit or pose a hazard.
Renter shall maintain the unit in good condition and will not alter or affix items to the interior or exterior of the unit. Any damage beyond normal wear and tear is the responsibility of the Renter.
3. SECURITY DEPOSIT AND CLEANING DEPOSIT
A security deposit of $25 is required upon signing this agreement and will be refunded if the unit is left in broom-clean condition and all rental charges have been fully paid. The security deposit does not preclude the Renter from any further financial responsibility should damages or unpaid fees exceed the deposit amount.
4. RENTAL RATE INCREASES
The Operator reserves the right to increase the rental rate with 30 days’ written notice to the Renter. The new rate will take effect on the first day of the month following the expiration of the notice period. The Renter may terminate this agreement prior to the effective date of the increase by providing written notice and vacating the unit in accordance with this agreement.
5. ADDITIONAL UNITS
Renter may add or remove additional units under this agreement. Any additional units rented or removed shall automatically update the terms of this agreement. The rental amount for additional units will be calculated based on the current rates applicable to the unit size at the time of rental.
6. ACCESS TO UNIT AND FACILITY
Renter is granted access to the storage unit during the posted facility hours. Any attempt to access the unit outside of these hours is prohibited unless expressly permitted by the Operator. The Operator may provide certain security measures at the facility, such as surveillance cameras or gates; however, the Operator does not guarantee the safety of the Renter’s stored goods.
7. DEFAULT AND REMEDIES
If the Renter fails to pay the rent or breaches any other term of this agreement, the Operator may, after 30 days of delinquency, take possession of the unit and its contents without notice. The Operator may remove any foreign locking device, replace it with an Operator-controlled lock, and proceed with the lien process as permitted under Kentucky law. If the Renter remains delinquent for 45 days, the Operator may sell the contents of the unit to satisfy the outstanding balance, including any costs associated with the sale. Any proceeds exceeding the amount owed will be held for the Renter for 60 days without interest. Failure to claim excess proceeds or unsold goods within 90 days will result in forfeiture.
8. RENTAL TERMINATION
The Renter may terminate this agreement by providing 15 days’ written notice to the Operator. The Renter must vacate the unit, remove all personal property, and leave the unit in broom-clean condition. The Operator may terminate this agreement with 30 days’ written notice to the Renter or immediately if the Renter violates any term of this agreement.
No Prorated Rent: If the Renter vacates the unit before the end of a rental period, no prorated refund of rent will be issued, and the full rent amount for that period remains due. The Renter is responsible for paying the full month’s rent regardless of the move-out date.
9. LESSOR’S LIMITED LIABILITY
The Renter acknowledges that the Operator is not storing goods for hire, is not a public warehouseman, and does not exercise custody, care, or control over the Renter’s stored goods. The Operator carries no insurance covering the Renter’s goods. The Renter stores all goods at their sole risk and is responsible for insuring their property. The Renter agrees not to hold the Operator liable for any loss or damage to the goods stored, regardless of cause, including but not limited to fire, theft, vandalism, weather, insects, or rodents.
10. GOVERNING LAW AND DISPUTE RESOLUTION
This agreement is governed by the laws of the Commonwealth of Kentucky. Any disputes arising under this agreement will be resolved through mediation or arbitration before legal action is pursued. The costs of mediation or arbitration will be shared equally by the parties.
11. FORCE MAJEURE
The Operator shall not be liable for any delay or failure to perform its obligations under this agreement due to events beyond its reasonable control, including but not limited to natural disasters, acts of war, terrorism, or government regulations.
12. MISCELLANEOUS