Rent is due in full on the 1st day of each month. Payment can be made by check or credit card.
No statement will be mailed; electronic notice may be selected. You are responsible for payment of rent by the due date. You are responsible for fees/penalties associated with bounced checks, including NSF fees in the amount of $35.
Management software will collect payment information at time of rental. Rent will be prorated on your first month of occupancy but will not be prorated for the final month. SECURITY DEPOSIT OF $50 PLUS FIRST MONTH’S RENT DUE AT TIME AGREEMENT IS SIGNED.
LIEN NOTICE
ALL RENT IS DUE ON FIRST OF THE MONTH.
LATE FEE OF $20 WILL APPLY TO RENT MORE THAN FIVE (5) DAYS PAST DUE, AT WHICH TIME YOUR ACCESS TO THE PREMISES WILL BE TERMINATED.
IF ACCOUNT IS NOT CURRENT FIFTEEN (15) DAYS AFTER RENT IS DUE, THIS WILL BE CONSIDERED A DEFAULT AND YOUR UNIT WILL BE LOCKED BY MANAGEMENT.
AT 25 DAYS PAST DUE, A LIEN FEE OF $75 WILL APPLY AND LIEN NOTICE WILL BE SENT TO YOUR LAST KNOWN ADDRESS AND PROCESS OF LIEN SALE WILL INITIATE IN ACCORDANCE WITH MINNESOTA STATUTES s. 514.970-514.979/MN LIENS ON PERSONAL PROPERTY IN SELF STORAGE ACT.
AT 60 DAYS, YOUR PROPERTY WILL BE SOLD OR DISPOSED OF AT YOUR EXPENSE. YOU ARE RESPONSIBLE FOR ALL OF MLMS’S ACTUAL COSTS INCURRED, PLUS FEES, IN THE EVENT OF DELINQUENCY OR DEFAULT.
Term. This Lease will start on the day this lease is signed, and will be for a one (1) month term (Initial Term). This Lease will automatically renew for additional one (1) month terms unless terminated herein.
Termination. You can terminate this Lease at any time after the Initial Term with fourteen (14) days’ advance notice to MLMS. On or before the termination date, you will remove any/all property from the unit, sweep the unit, remove the lock, and dispose of any/all garbage; if not, cleaning fee will apply. MLMS may terminate this Lease at any time with notice to you because of your Default, misuse of and/or damage to our property, and/or criminal activity by you or those you allow to access your unit on your behalf. We may terminate this Lease at any time with thirty (30) days’ advance notice to you at any time during the Initial Term and/or any subsequent term for any reason. The Lease will automatically terminate without further cost to you in the event that the property is severely damaged, risking the security of your property; in this case, you will be responsible for securing your property immediately when notice is given to you.
Default. You will be considered in Default if you have rent more than fifteen (15) days past due or file for bankruptcy. MLMS will provide you a Notice of Default, may deny you access to your unit and contents, and will apply your security deposit or any payments first to outstanding fees/penalties and then to unpaid rent. In the event of Default, we will have a lien against your property against any/all costs we incur in removing or selling your property. If MLMS cannot reach you, including through your alternate contact, we will consider you to have abandoned your unit. We may sell property via an online auction in accordance with MN law.
Access and Occupancy. After payment of the security deposit and first (1st) months’ rent, MLMS will provide you with the key/code to the facility and your unit. You understand and agree that you alone are responsible for keeping your key/code private and not share either with others. MLMS may access your unit at our discretion at any time for maintenance and/or oversight purposes, including in an emergency. In the event a hazard, nuisance or potential illegal activity is discovered, MLMS will contact the applicable authorities and/or arrange for disposal at your cost. You are required to regularly inspect your unit and contents.
Insurance. MLMS will maintain insurance on the building (including fixtures, electrical, etc.), land, and other on-site facilities but does not insure Tenant’s property. You are responsible for carrying renter’s and liability insurance on your property, which will have no right to subrogation or reimbursement against MLMS. You agree that you will not store personal property in excess of 25000.00
Indemnification. Tenant will defend, indemnify and hold MLMS and its agents harmless from all losses, costs, and/or damages associated with Tenant’s use of the premises/unit.
WARRANTY DISCLAIMER. UNIT SIZE IS APPROXIMATE. MLMS IS NOT RESPONSIBLE FOR ANY THEFT, LOSS, AND/OR DAMAGE INCLUDING, BUT NOT LIMITED TO, LOSSES ASSOCIATED WITH AUTHORIZED OR UNAUTHORIZED ACCESS TO YOUR UNIT, MOISTURE/WATER, FIRE, PERSONAL INJURIES, ACTS OF GOD, OR ANY OTHER LOSS OR DAMAGE OF ANY KIND EXCEPT DUE TO MLMS’S GROSS NEGLIGENCE. IN NO EVENT SHALL MLMS’S LIABILITY EXCEED $2,500. YOU ARE RESPONSIBLE FOR ALL COSTS ASSOCIATED WITH DAMAGE TO THE UNIT OR PREMISES CAUSED BY YOUR USE. MLMS MAKES NO ASSURANCES OR WARRANTIES THAT THE PREMISES OR YOUR UNIT WILL BE MONITORED CONTINUOUSLY AND DOES NOT GUARANTEE TENANT OR PROPERTY SECURITY OR SAFETY WHILE ON OR AROUND THE FACILITY.
No Toxic/Dangerous/Illegal Substances/Animals and Compliance with Law. You agree that at no time will you store any contents that are considered toxic (lawn chemicals, paint, etc.), dangerous (such as gasoline or other flammable substances, items considered a biohazard, etc.), or illegal (including, but not limited to, illicit drugs). The unit may not be used to store animals of any kind, and/or items that do not legally belong to you, and/or that may be considered stolen property. All motored equipment must have all fluids drained prior to storage. MLMS reserves the right to ask for proof of ownership of any/all property you store on our premises. understand and agree MLMS reserves the right, at any time and without notice to you, to enter your unit in the event that it needs to confirm your compliance with these provisions. MLMS will contact the appropriate authorities if you violate this provision, and your Lease may be immediately terminated without penalty to MLMS. You will also be responsible for all costs associated with sale or disposal of the contents of your unit.
Arbitration/Disputes. You agree that in the event of a dispute regarding this Lease that MLMS, at its sole discretion, may require the issue to be resolved through binding arbitration of our choice. This means that you are waiving your right to a jury trial.
Waiver. MLMS may waive or fail to enforce any provision of this Lease at our discretion.
Severability. If any provision of this Lease is deemed unenforceable it will be struck without affecting the other portions of the Lease. This Lease sets forth the entire understanding between the parties and no change/modification will be valid unless made in writing and signed by MLMS and Tenant.
Applicable Law. This Lease will be governed by Minnesota law.
Notice. Notice will be deemed effective when sent via email (if elected) or certified mail to Tenant at Tenant’s last known address or via certified mail to MLMS at:
PO Box 247, Willernie, MN 55090.
THE FOLLOWING ADDITIONAL TERMS APPLY TO TITLED PROPERTY (Vehicles, Boats, Motorhomes, ATVs, etc.):
Warranty of Ownership. Tenant warrants that it has full ownership of all titled property and vehicles stored on the premises.
Insurance and Registration. Tenant is responsible for fully insuring and registering any/all stored vehicles at its expense. Tenant will indemnify and hold MLMS harmless to the same extent as other personal property (see Additional Terms) and any motor vehicle insurer shall not have a right to subrogation or reimbursement by MLMS in any circumstances.
Bailment, Security Interest and Title in the Event of Default. In storing titled property on the premises, Tenant agrees that the property will be subject to a lien and security interest in the event of Default. This means that in the event that Tenant fails to timely pay all sums due under the Agreement and/or abandons the property/unit, MLMS will have the right to assume title and dispose of the property to the extent of MLMS’s interest. Tenant agrees that Minnesota Lakes Mini Storage, LLC will have the right to tow or sell boats, vehicles, and/or trailers (or other titled property) when rent is 60 days or more past due. Any towing will be conducted by a licensed and insured towing company and MLMS will have no liability for any loss or damage to titled property once it has been towed. Tenant agrees to grant a security interest to MLMS the extent of any unpaid rent and any/all costs associated with Default to MLMS through this Agreement. In lieu of towing or other disposal of the property, MLMS may, at its sole discretion, consider the property and/or vehicles in Default “abandoned” following appropriate notice to Tenant and in accordance with MN law. MLMS will be considered a bailee and will obtain a title/possessory interest in any stored property under MLMS’s control (in the event of Default and/or abandonment) in accordance with MN Statutes s. 514 and will have priority over any other secured interest.