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Storage Lease Agreement
"I need a Storage Lease Agreement for my climate-controlled warehouse facility in Kuala Lumpur, specifically for business clients storing electronic components, with a minimum lease term of 12 months starting March 1, 2025."
1. Parties: Identification of the storage facility provider (Lessor) and the tenant (Lessee) with complete legal names and addresses
2. Background: Brief context about the agreement and the purpose of the storage lease
3. Definitions: Definitions of key terms used throughout the agreement
4. Storage Unit Details: Specific details of the storage unit(s) being leased, including unit number, size, and location within the facility
5. Term and Renewal: Duration of the lease, commencement date, and renewal terms
6. Rent and Payment Terms: Rental amount, payment schedule, late payment penalties, and security deposit details
7. Permitted Use: Specified purposes for which the storage unit may be used and list of prohibited items/activities
8. Access and Security: Rules regarding access hours, security procedures, and key/access card provisions
9. Maintenance and Repairs: Responsibilities of both parties regarding maintenance, repairs, and cleanliness of the storage unit
10. Insurance and Liability: Insurance requirements and liability limitations for both parties
11. Termination: Conditions and procedures for termination by either party
12. Governing Law: Specification of Malaysian law as the governing law and jurisdiction for disputes
1. Climate Control Provisions: Additional terms for climate-controlled units, used when offering temperature/humidity-controlled storage
2. Business Storage Terms: Special provisions for business users, including additional insurance requirements and commercial use terms
3. Vehicle Storage Terms: Specific terms for vehicle storage, including maintenance requirements and access provisions
4. Dangerous Goods Handling: Special provisions for storing permitted dangerous goods, including safety requirements and additional insurance
5. Security Deposit Alternative: Terms for alternative security arrangements such as bank guarantees or advance payments
6. Subletting Provisions: Terms allowing or prohibiting subletting of the storage unit, used for business tenants
7. Force Majeure: Extended provisions for unforeseen circumstances, particularly relevant in areas prone to natural disasters
1. Schedule 1 - Unit Specification: Detailed specifications of the storage unit, including dimensions, features, and condition report
2. Schedule 2 - Fee Schedule: Comprehensive list of all fees, including rent, deposits, late charges, and additional service fees
3. Schedule 3 - Facility Rules and Regulations: Detailed operational rules of the storage facility
4. Schedule 4 - Insurance Requirements: Specific insurance requirements and minimum coverage levels
5. Schedule 5 - Access Procedures: Detailed procedures for accessing the facility and unit, including emergency protocols
6. Appendix A - Condition Report: Initial condition report of the storage unit with photographs
7. Appendix B - Prohibited Items List: Comprehensive list of items prohibited from storage
Authors
Real Estate
Logistics
Retail
Manufacturing
E-commerce
Construction
Agriculture
Healthcare
Education
Professional Services
Small Business
Automotive
Legal
Operations
Facilities Management
Property Management
Business Development
Risk Management
Compliance
Customer Service
Sales
Administration
Facility Manager
Property Manager
Legal Counsel
Operations Director
Business Development Manager
Contract Administrator
Risk Manager
Real Estate Manager
Logistics Manager
Storage Facility Supervisor
Compliance Officer
Customer Service Manager
Sales Manager
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