Secured Rental Storage Units Self Service Storage P.O. Box 389 Drain Lick Road Drifting, PA 16834 Anniversary Date __________ of each month Unit # ______________ NAME 1. __________________________________________ DATE _____/______/______ NAME 2. ___________________________________________________________________ PRESENT ADDRESS _________________________________________________________ ____________________________________________________________________________ NEW ADDRESS _____________________________________________________________ ____________________________________________________________________________ TELEPHONE # (______)_______-____________ Next Payment Rent $______________ Electric $____________ Sales Tax $__________ Other $_____________ $______________ DATE OF BIRTH _____/______/______ Total SOC. SEC. #________________________ SOURCE_________________________________ EMPLOYER ________________________ TELEPHONE # (______)_______-____________ Next Payment Due ______________ OTHER CONTACT ___________________ TELEPHONE # (______)_______-____________(Date) Rent _______ IMPORTANT 1. 2. 3. 4. Deposit _______ Advance Payment Lock Sales Tax _______ _______ Other _______ Total _______ Note: Rental bills are not sent to Lessee. All payments are due on the anniversary date of every month until termination notice. The following is a summary of the portion of the terms and conditions of this agreement. 5. 6. 7. 8. 9. All payment checks are to be drawn to “Innovative Property Management, Inc., Inc.” and sent to the correct above address. Innovative Property Management, Inc. only carries insurance on the building. Lessee should obtain his own insurance for the contents stored in the lessee premises. Innovative Property Management, Inc., Inc. is not responsible for theft, vandalism or other types of damage to the contents stored within the storage unit on the premises. Lessee is expected to make payments promptly on the anniversary date of each month. Innovative Property Management, Inc., Inc. will enforce a late charge of $10.00 for payments not made by the fifth day after the anniversary date. Late charges will continue in $15.00 increments for every subsequent ten day period the rental payment continues to be past due. The procedures described below may additionally be utilized to enforce payment of the rental obligation. There will be a $25.00 penalty if Lessee’s check is returned unpaid for any reason by Lessee’s bank. The Lessee must notify Innovative Property Management, Inc., Inc. in writing fifteen (15) days prior to the anniversary date if he plans to move out, otherwise full rent for the monthly rental period in which notification is given and full rent for the succeeding monthly rental period shall be due and owing. The termination date of this lease is the anniversary date of each month. Any notice required to be given to the Lessor by the terms of this agreement shall be sent to the above address provided by the Lessor. The Lessee must notify the Lessor in writing of any change of address within ten (10) days of this change. Innovative Property Management, Inc., Inc. requires a minimum rental fee equivalent to one month's rent if the Lessee moves prior to a full month's occupancy. Storage of any and all property within the unit shall be at the Lessee’s sole risk and no bailment is created hereunder. The Lessor shall not be considered a warehouseman under this Lease Agreement. AGREEMENT AND TERMS OF LEASE THIS AGREEMENT, made and entered into this __________ day of __________, __________, by and between Innovative Property Management, Inc, hereinafter referred to as the “Lessor”, and ________________________________________________________, hereinafter referred to as the “Lessee”. WITNESSETH: In consideration of the obligation of the Lessee to pay rent as hereinafter provided, and in consideration of the other terms, covenants and conditions hereof, Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, an area specifically described as Unit _____________ at the above location, hereafter referred to as the “Premises”, and the tern of this lease shall commence on the ___________ day of _______________, ____________, and shall continue thereafter until terminated as hereinafter provided. The value of the property to be stored shall not exceed $__________ unless written notice is given to the Lessor. Lessor hereby acknowledges receipt of the sum of $ ___________as payment for __________days of the month of ______________ as a partial month’s rental, the sum of $____________ as the first month’s rental, the sum of $____________ as a security performance/damage/cleaning deposit. NOTE: ADDITIONAL TERMS AND COVENANTS APPEAR BELOW, BOTH LESSOR AND LESSEE HEREBY ACKNOWLEDGE BY THEIR SIGNATURES BELOW THAT THEY HAVE READ AND ACCEPTED ALL TERMS AND CONDITIONS EXPRESSED IN THIS LEASE AND THESE COVENANTS AND TERMS ARE INCORPORATED HEREIN AND MADE A PART HEREOF. IN WITNESS WHEREOF, the parties have hereunto set their hands and seals on the day and year above written. Signed, sealed and delivered in the presence of: ________________________________________________ ________________________________________________ LESSOR: Innovative Property Management, Inc., Inc. By _______________________________________________ LESSEE: __________________________________________________ 1. RENTAL: Lessee shall pay as rental for the premises the sum of $ __________ monthly, ON OR BEFORE THE ANNIVERSARY DATE OF EACH MONTH, throughout the term of this lease. Depending upon the use of the leased premises, Lessee shall be required to pay electrical charges in the amount of $__________ in advance of the anniversary date of each month throughout the term of this lease. Electrical charges shall be based on the monthly charges by PENELEC and normal use by the Lessee, and may be adjusted to reflect changes in such rates or use. Checks should be made payable to Innovative Property Management, Inc. and sent to the above address. Lessee hereby grants to Lessor a security interest in the property stored on the leased premises to secure the payment of all rents and other charges pursuant to the lease. 2. LATE RENTAL PAYMENTS OR DEFAULTS After 5PM on the fifth (5th) day of the anniversary date, any rental payment not paid in full will be subject to a late charge of $10.00. Late charges will continue in $15.00 increments for every subsequent ten day period the rental payment continues to be past due. If the late rental payment is not made by 5PM on the fifth day after the anniversary date the Lessor has the right to put his lock on the door of the premises, remove the access number, and/or institute legal action necessary to collect unpaid rent, any legal fees involved in the collection, and late charges. If the rental payment is not received by 5PM on the fifteenth (15th) day after the anniversary date, or the Lessee violates any terms of this lease, it is agreed that such default or failure to pay shall create a conclusive presumption that the property stored in and about the premises has been abandoned. The Lessor may thereupon enter the leased premises and remove all property to another portion of the storage area, and rent the unit to another lessee. Lessee agrees to pay Lessor any expenses incurred in such moving of the goods. Lessee further agrees to defend, indemnify and hold Lessor harmless of and from any claim resulting form the Lessor's activities in relation to the property stored in the leased premises after such properties have been abandoned. Notice, by personal service or certified mail, demanding payment of overdue rent shall be sent to the Lessee at the address listed above informing Lessee that if payment is not received or any other default of the Lessee is not rectified within thirty (30) days form the date of notice, Lessor is empowered to advertise for sale the goods located or formerly located in the leased premises and SELL such goods. Lessee hereby appoints Lessor as its attorney-in-fact to advertise for sale and sell the goods located or formerly located in the leased premises. Lessor shall hold the proceeds of the sale of such goods for account of Lessee after deducting the charges for unpaid rent, damage to the Leased Premises, expenses involved in the moving, storage, and sale of those goods, which expenses may involve court costs and reasonable attorney’s fees, and any other charges which might be applicable under the terms of this lease. Lessee shall further be in default of this lease in the event of violation of any of the following conditions: A. No FOOD, animals or birds shall be kept on eth premises. B. The premises shall not be used as sleeping apartments. C. No sign, advertisements or notices shall be fixed to the building, inside or outside. D. The Lessee shall not mark or defile the water closets, the walls, windows, doors or any other part of the building. E. Dumpster use is prohibited except by prior written approval of owner. F. The Lessee shall not leave the premises without locking the doors and extinguishing the lights. G. No retail activity shall be carried on the premises. H. All fuel must be drained from motor vehicles before they are placed in the storage buildings. This will necessitate pushing vehicles into the storage unit. I. Tenants may not back up to the storage units to unload. They must park parallel to eth building. J. Lessee shall not make any modifications to these premises without the express prior written permission of the Lessor. K. The streets, sidewalks, entrances, halls and passages shall not be obstructed be the Lessee or used by him/her for other purposes than ingress and egress. L. No alcoholic beverages are allowed on the premises. M. The Lessee shall not cause or permit any hazardous substance (including but not limited to paint, fertilizer, turpentine, gasoline)to be stored, used, or disposed of on or in the Lessee’s premises and the common area. 3. ACCESS: Upon the reasonable request of the Lessor, the Lessee shall provide access to the Lessor to enter he premises for the purposes of inspection, repair, alteration, improvement or to supply necessary or agreed services. In case of emergency, the Lessor may enter the leased space for any of the above stated purposes without notice to or consent from the Lessee. 4. LESSOR’S LIEN: THE LESSOR SHALL HAVE A LIEN UPON ALL PERSONAL PROPERTY WHILE LOCATED AT INNOVATIVE PROPERTY MANAGEMENT’S SECURED RENTAL STORAGE, FOR RENT, LABOR, OR OTHER CHARGES INCURRED FOR THE PAST, PRESENT, AND FUTURE STORAGE OF THE PROPERTY AND ALSO FOR ALL EXPENSES NECESSARY FOR THE PRESERVATION OF THE PROPERTY OR AT SALE OR OTHER DISPOSITION IN ACCORDANCE WITH THIS AGREEMENT. 5. PROPERTY OF OTHERS: THE LESSOR SHALL NOT BE LIABLE TO THE LESSEE OR A THIRD PARTY FOR THE REMOVAL OR SALE OF PERSONAL PROPERTY WHICH IS NOT THE PROPERTY OF THE LESSEE WHEREUPON WHICH A PRIOR LIEN HAS ATTACHED UNLESS NOTICESHALL HAVE BEEN GIVEN TO THE LESSOR BY THE LESSEE THAT THE PROPERTY PLACED IN THE PREMESIS WAS NOT THE PROPERTY OF THE LESSEE. THE LESSEE SHALL INFORM THE LESSOR IN WRITING OF THE NATURE AND IDENTIFY OF ANY PROPERTY STORED ON THE PREMISIS WHICH IS NOT THE PROPERTY OF THE LESSEE. 6. CONDITION OF THE PREMESIS: Lessee agrees to keep the premises in a good state of repair during the term of this lease and to return the leased premises to the Lessor in the same condition as at the beginning of the term, natural wear and tear accepted. Lessee agrees, upon vacating the premises, to clean them thoroughly or to pay the Lessor for the cleaning necessary to restore them to the condition existing when Lessee’s possession commenced. The deposit of one month’s rent shall not be used as a prepaid rent, except in the case of adhering to the minimum rental charge and shall be returned to the Lessee on the 5th or 20th of the month following termination of this lease provided that all provisions of this lease have been properly performed by the Lessee. 7. RISK OF LOSS: The Lessor shall not be liable and shall hereby be indemnified and held harmless by the Lessee from any damages or injuries, from any cause whatsoever, to any person or party, suffered by Lessee, Lessees employees, guests or invitees or others; nor shall the Lessor be held liable for any damage or injury of any type or nature resulting from water, termites (or other insects), fire, theft, mold, mildew or acts of God, which may be sustained by the Lessee or other persons; nor shall the Lessor be liable for any damage or injury resulting from carelessness, negligence, or improper conduct on the part of any other tenant of the Lessor; nor by reason of breakage, leakage, or obstruction of the water in sewer pipes, or other water leakage in and around the premises; nor by war or warlike acts, including undeclared war, civil war, insurrection, rebellion, revolution, usurped power, warlike act by military force or military personnel and destruction or seizure or use for military purpose including the consequence of any of these; nor by nuclear action, meaning nuclear reaction, radiation, or radioactive contamination, or any consequence of any of these. Discharge of a nuclear weapon is considered a warlike act even if accidental. 7a. OTHER RISK OF LOSS: The Lessor shall not be liable and shall hereby be indemnified and held harmless by the Lessee from any damages or injuries, from any cause whatsoever, to any person or party suffered by the Lessee, Lessee’s employees, guests, invitees, or others for any negligence of Lessor or its agents or employees, whether caused by the Lessors’, its agents’, or employees’ acts or failure to act which may be claimed to cause loss or damage to Lessee; nor shall Lessor be liable to Lessee for any loss or damage that may be occasioned by or through the Lessors’, its agents’, or employees’ acts, omissions to , or negligence. Paragraph 7a. shall be accepted and become part of this Lease only if the Lessor and Lessee or their representatives place their initials in the space below. Lessor’s Initials ______________________ Lessee’s Initials ______________________ 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. TERMINATION: Either party may terminate this lease by giving the other party fifteen (15) days written notice prior to the effective date of termination which shall be the anniversary date. MINIMUM RENTAL: The Lessee is informed that the minimum rental charge is the equivalent of one month rent fee typically associated with the particular unit size lease by the Lessee, even though his actual occupancy may be for any period less than one (1) month. ASSIGNEMENTS: Lessees, or any successor, shall not assign this lease or any part thereof or sublet the leased premises without the express written prior consent of the Lessor. DISCLAIMER OF WARRANTY: The Lessee accepts the condition of the premises at the time occupancy. It is specifically understood that THE LESSOR MAKES NO WARRANTIES, EXPRESSED OR IMPLIED, REGARDING THE LEASED PREMESIS OR RELATED SERVICES and the Lessee is relying solely on his inspection and evaluation of the premises as the basis for his decision to enter this lease. TIME OF THE ESSENCE: Time shall be of the essence in all undertakings set forth herein. FINAL AGREEMENT: This lease represents the entire agreement between the parties and any other statements, conditions, representations, or commitments are considered to be merged herein. SURVIVAL OF COVENANTS: All portions of this lease which by necessity, are required to be enforced by either party are enforceable beyond the date of the termination of this lease. WAIVER: The failure of either party to enforce any covenant or other provision of this lease shall not constitute a waiver of the right to do so thereafter nor shall the same give rise to any cause of action or defense on the part of the Lessee. SEVERABILITY: The invalidity of any covenant or condition of this lease shall not affect the validity of the remaining portions thereof. MODIFICATIONS: No modifications of this lease will be effective to vary any of the terms or provisions thereof unless the modification is in writing and signed by both parties. A copy of any modification will be given to both parties. NOTICES: Any notices permitted or required to be given by the terms of this lease shall be effective upon mailing and shall be deemed sufficient if mailed by the United States mail with the proper postage and address affixed thereto, to the parties at their addresses shown on Page 1of this lease. Should the Lessee change his address during the term of this lease, written notification of such change of address shall be furnished to the Lessor within ten (10) days. The Lessee, in accepting the terms of this lease, acknowledges that the Lessor shall have the right to make such other and further reasonable rules and regulations as are necessary to maintain the safety, care, cleanliness and orderly operation of the premises. NOTICE: You are expected to move out promptly on the notified “Move-Out Date” (or termination date- whichever is applicable). Occupancy after the “Move-Out Date” constitutes a re-instatement of this lease and forfeiture of deposit. 19. This Agreement shall inure to and benefit Lessor and Lessee(s), their heirs, personal representatives and successors. This agreement is not assignable by Lessee. This Agreement is assignable by Lessor without prior consent of Lessee(s). Lessee(s) covenant and agree that liability hereunder shall be joint and several. BOTH THE LESSOR AND THE LESSEE HEREBY ACKNOWLEDGE BY THEIR SIGNATURES BELOW THAT THEY HAVE READ, UNDERSTOOD, AND ACCEPT ALL THE TERMS AND CONDITIONS EXPRESSED ON BOTH SIDES OF THIS LEASE. Accepted: Lessor’s Signature __________________________________________________________________________ Lessee’s Signature __________________________________________________________________________ NOTICE TO LESSEE: Following acceptance of this lease, a photocopy of the original signed lease agreement will be mailed within five (5) business days to Lessee’s address listed on the first page of the lease agreement. The Lessee should retain the mailed copy of the lease agreement for their personal records.