Q:

What is involved in renting a self-storage unit?

A:

Quick Answer

Typically, renting a self storage unit simply requires a signed rental contract, a down payment or registered payment option to handle rental fees and the purchase of a lock and insurance for the unit. These may be provided by the rental storage company, or the customer may have the option to use his own lock and home or renter's insurance to cover his goods.

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What is involved in renting a self-storage unit?
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Full Answer

While many storage units are simply basic garage-style rooms with a lockable door, there are sometimes other things to consider when selecting a unit. For example, a unit with outdoor access may be more convenient, but an indoor unit may offer climate-controlled storage for fragile goods. In addition, some facilities may offer extended access hours for outdoor units, or access may be limited to business hours only.

It is also important to understand the storage facility's rules on forfeiture and auctions. If the rent on a unit goes unpaid for a long enough period of time, the facility eventually seizes any goods left inside the unit and auctions them off as a way to recoup costs. In most cases, a customer may lose access to his goods the day his rent becomes delinquent, with forfeiture and auction occurring if the balance is not restored within a set period of time. The rental agreement details the specifics of what happens if the bill goes unpaid and when stored items may be lost.

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