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Storage Contract

 

1. _____________________________________ , Owner, desires to store the following property (Property):

_________________________________________________________________________

2. _______________________________________________________________________

______________________________________________, Bailee, agrees to store property on a _________ basis in exchange for payment of $________ per _______________ payable on the first day of each said period.

3. The storage shall commence on ___________________ and shall continue until Owner claims Property or bailee serves a ________ day written notice on Owner terminating this storage agreement. If Owner fails to claim property on or before the last day of storage indicated in this notice, Bailee may (choose one):

___: continue to store property at the rate of $ _______ per __________ until Property is claimed.

___: deem property to be abandoned, sell it to pay for the outstanding storage fees, and hold the balance for Owner.

4. If Owner claims Property during the period for which payment has been made, no prorata refund shall be made.

5. Bailee shall not deliver Property to any person other than owner without prior written permission from the Owner.

6. Property shall be stored at the following location: ________________________________________________________

Property shall be stored under physical conditions which are designed to preserve it from damage, injury or theft.

7. Owner and Bailee agree that the approximate (check one) ___replacement value ___fair market value of each item of property on the date this agreement is signed: $_______________________________________________________

8. Property appears to be in good condition except for the following defects or damage:

________________________________________________________

__________________________________________________.

9. Bailee shall exercise resonable care to protect the property from theft or damage. Responsability for theft and damage to property that doesn't result from Bailee's negligence shall be borne by Owner.

10. The title to Property shall remain at all times in owner.

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