Sign Lease - Space Savers II
Space Savers II 295 Kitty Hawk Rd Universal City, TX 78148210-610-6492
RENTAL AGREEMENT LICENSE:
1. TENANT INFORMATIONTenant Name: Street Address: Employer's Name:
Social Security Number: Drivers License/State: / Telephone (Home): Telephone (cell): Work Phone: E-Mail: The above address or Tenant’s email address provided will be used for all written notices to Tenant unless Tenant gives written notice of change to Lessor.
2. TENANT INFORMATIONAre you or your spouse in the Military/Reserves at the time of signing this Agreement[ check one or both if applicable] in the reserves, National Guard, or Texas State Guard on active duty.
ALTERNATE ACCESSTenant authorizes Lessor, at Lessor’s option, to provide Tenant’s space number(s), access code, account status, or assistance with lock removal to persons listed below.
EMERGENCY CONTACT INFORMATIONList name, address, and phone of person(s) who may be contacted in an emergency. (Do not list an individual living with you.)Unless tenant states otherwise in paragraph6, Lessor may at Lessor’s option allow such person(s) or Tenant’s brother, sister, spouse, parent, child over 18 or estate executor to have access to Tenant’s space if such person signs an affidavit that Tenant is deceased, incarcerated, permanently missing or permanently incapacitated. Lessor may discuss Tenant’s account with any such persons at any time.Contact Name: Street Address: City/State/Zip: Phone:
Tenant agrees to immediately notify Lessor of changes in Tenant’s mailing address, email, phone number, or other information provided by Tenant. Except as provided in paragraph 33, a change of mailing or email address will not be effective unless the new address is COMPLETE and the notice is mailed, faxed, or emailed to Lessor’s address stated herein in WRITING and SIGNED and DATED by Tenant and actually RECEIVED by Lessor. See also paragraph 33.
3. TENANTS SPACE.Space Number:
Approx. Size (exact dimensions may vary):
Charge for overlocking Tenant's space or chaining/booting property when authorized by paragraphs 24(2) or 32(f)
Monthly Rental Due Day
of the month
Charge for sending statutory notice of claim for unpaid sums
Initial late charge if not received by day 05 after due date.
Charge for newspaper ad of sale (to cover time, inconvenience, and ad costs)
Subsequent late charge if rent not received by day 15 after due date
Charge for conducting foreclosure sale at public auction for nonpayment
Returned payment charge (including bank charges, mail costs, time and overhead)
Charge for returned mail (not providing address change)
Charge for having to judicially evict Tenant (to cover time and inconvenience, but does not include attorneys' fees or court costs)
Charge for locking space when unlocked or improperly locked.
Charge per day if Tenant fails to lock after 7-day notice
Charge per hour for removing or cleaning when Tenant litters or fails to clean, remove items, or vacate --- paragraphs 10, 37, and 38(c)
Charge for removing Tenant's lock when authorized by paragraphs 18, 19, 24 and 32
5. PAYMENTS AND NOTICES.
Payments may be by money order, traveler’s check, or certified or cashier’s check. However, Lessor may change permitted mode of payment at any time, upon notice to Tenant. If cash is accepted by Lessor, it is Tenant’s responsibility to obtain and keep a receipt from management for each cash payment. All payments must be delivered or mailed to Lessor’s mailing address in the signature block below. Notices to Lessor must be hand delivered, mailed, faxed, texted or emailed. When giving notice to Lessor, Tenant has the burden of proving delivery to Lessor. EXCEPT AS OTHERWISE PROVIDED BY LAW, NOTICE MAY BE PROVIDED TO TENANT VIA EMAIL OR TEXT IF TENANT ELECTS TO PROVIDE AN EMAIL ADDRESS OR CELL PHONE NUMBER.
Supplemental Rules, dated: ___________
Forms for change of Tenant contact information
Boat addendum (form)
Insurance application (Tenant option)
Spanish copy of lease (informational only)
Other addendum, dated:
Moved-out notice (form)
NOTICE TO TENANT AND RELEASERent is due in advance on the due date specified in paragraph 4. Rent paid after the late charge date(s) in paragraph 4 will result in late charges. Tenant will furnish own lock. NO REPRESENTATIONS OF SAFETY OR SECURITY HAVE BEEN MADE TO TENANT BY LESSOR OR LESSOR’S AGENTS. TENANT HEREBY RELEASES LESSOR AND LESSOR’S AGENTS FROM LIABILITY FOR ALL LOSS, DAMAGE OR CAUSE OF ACTION OF ANY NATURE, INCLUDING BODILY INJURY AND DAMAGE TO PROPERTY STORED IN OR TRANSPORTED TO OR FROM TENANT’S SPACE — REGARDLESS WHO OWNS SUCH PROPERTY AND REGARDLESS WHETHER THE LOSS OR DAMAGE IS CAUSED IN WHOLE OR PART BY FIRE, SMOKE, DUST, WATER, WEATHER, INSECTS, VERMIN, EXPLOSION, UTILITY INTERRUPTION, EQUIPMENT MALFUNCTION, UNEXPLAINED DISAPPEARANCE, NEGLIGENCE OF LESSOR OR LESSOR’S AGENTS, THEFT BY OTHERS, OR ANY OTHER CAUSE.
Tenant will self-insure or obtain insurance for all losses and damages as required by paragraph 20. X Tenant's Initials:
This rental agreement is unenforceable and voidable at Tenant’s option if at the time of execution, Lessor’s facility was not licensed by the Texas Self Storage Association (TSSA) to use the rental agreement. TSSA can verify whether the facility was so licensed on the date of execution if the front page of the rental agreement is faxed to TSSA at (512) 374-9253 or emailed to firstname.lastname@example.org.
Tenant inspected or had the right to inspect the space and the facility before signing this Rental Agreement. Tenant accepts same “AS IS,” including existing access controls, lighting, construction design or quality, and fences/ gates, or lack thereof. Lessor does not promise safety or security of persons or property on the premises, and Lessor has no duty of safety or security of same under any circumstances. Video cameras may be non-operational or unmonitored. Access control devices may be unmonitored and may occasionally malfunction. Tenant is not relying on any oral or written representation, statement, or other assertion or omission made by Lessor or Lessor’s agents relating to the space and facility. Instead, Tenant is relying on Tenant’s own inspection and this written Rental Agreement. If your unit is climate controlled, climate controlled for the purposes of this lease means that Lessor will use reasonable efforts to avoid temperature extremes in a unit by keeping the unit warmer than the outside temperature in cold weather, and cooler than the outside temperature in hot weather, through an HVAC or other system. As with any mechanical system, it is subject to failure or malfunction. The facility makes no representations regarding humidity control or safety of contents stored in the unit.
Tenant has “abandoned” the storage space if ALL of the following occur: (a) Tenant has given Lessor written or oral move- out notice; (b) Tenant’s lock has been removed from the space (if the space is lockable) by someone other than Lessor; and (c) the move-out date or termination date has expired. Tenant also has “abandoned” the storage space if ALL of the following occur: (a) Tenant has not paid rent or other sums due; (b) Tenant’s lock has been removed (if the space is lockable) by someone other than Lessor or has been removed by Lessor when exercising a statutory seizure; and (c) Tenant’s space contains nothing of value to the ordinary person. The space will also be deemed abandoned if due to a casualty the unit contains nothing of value to the ordinary person, and you fail to remove all items from the space within 10 days after we provide you a notice of abandonment due to casualty.
If the space has been “abandoned” as defined above, Tenant relinquishes all rights to contents in the space; and Lessor may remove any lock, and enter, remove, and/or dispose of all contents. Unless the space has been “abandoned” or there has been a judicial eviction, Lessor may not dispose of any of its contents except by: (a) exercising the lien seizure and sale procedures of Chapter 59, Texas Property Code; or (b) entering in an “emergency” under paragraph 18 or allowing entry by a health or law officer under paragraph 19, and throwing away property which, in the good faith judgment of Lessor or such officer, is an imminent danger or health hazard under paragraph 18.
RULES AND POLICIES
(a) Rent is due on the due date in paragraph 4(b). Payments must be delivered or mailed to Lessor’s mailing address at the top of page 1.
(b) Rent is delinquent after the due date in paragraph 4(b). Late fees will be charged as provided in paragraphs 4(c) and 4(d).
(c) Lessor may require or prohibit payment by check, money order, cashiers or traveler’s check, credit card or cash, at any time, as provided in paragraph 5.
(d) If cash payments are allowed, Tenant should get a receipt. Returned payment (nsf check or other dishonored payment) charges will be made as provided in paragraph 4(e).
(e) All payments by money order or check (including cashier’s checks and traveler’s checks) must contain the Tenant’s storage space number(s).
(f) If any sum due by Tenant is delinquent, Lessor may “overlock” Tenant’s storage space (if the space is lockable) and/or Lessor may apply a security chain or wheel boot to Tenant’s property (if the space is not lockable); and Tenant will incur overlock charges and/or chaining charges as shown in paragraph 4(j). If the space is unlockable and one or more pieces of Tenant’s property is chained, Tenant will be charged the chaining charge shown in paragraph 4(j) for each item chained. Section 93.002 of the Texas Property Code regarding commercial lockouts does not apply.
(g) If Tenant has multiple locks on the space at time of overlocking, Lessor may remove any lock(s) necessary for overlocking without liability for replacement. If Tenant has a wheel boot attached to the property at the time of Lessor’s chaining and/or wheel booting, Lessor may remove Tenant’s wheel boot without liability for replacement.
(h) Lessor’s overlock, chain, or wheel boot will not be removed until all sums due are paid in full. Lessor is not required to accept partial payment(s) from Tenant. Acceptance of partial payment(s) does not waive Lessor’s right to proceed with foreclosure sale based on notice of claim and/or advertising (or posting), absent express written agreement otherwise.
CHANGE OF TENANT’S ADDRESS, PHONE NUMBER, EMAIL.
(a) Lessor must be able to contact Tenant at all times, especially in cases of missing locks, break-ins, fire, emergencies, unpaid rent, etc.
(b) Tenant’s mailing address and/or email address on page 1 is the address for all notices and requests to Tenant. Notices and requests from Lessor to Tenant are not required to be sent to the Tenant’s emergency contact person or other person(s) who are named in paragraph 1. Other than the Tenant listed in paragraph 1, no other person shall have right of entry or access, but Lessor at Lessor’s option may allow entry to other person(s) pursuant to paragraph 1.
(c) Except as provided in (d) below, Tenant must notify Lessor via mail or email of any change in Tenant’s contact information. The notification must include an express request for Lessor to update Tenant’s specified contact information (for example, mailing address, phone number, or email address). Contact information changes are not effective unless the notice is in WRITING and SIGNED and DATED by Tenant and RECEIVED by Lessor. Address changes on checks or envelopes from you or on mail returned to us, or emails sent from a new address without an express request to update tenant’s email or other contact information, are not sufficient. However, a return envelope provided by us on which you expressly check a pre-printed box to indicate that your address on the return address is a new address, shall suffice for change of address purposes if received by us. Any email sent from an address on file with the facility (listed on the first page of the lease or subsequently provided to Lessor in compliance with this Agreement) will be considered signed.
(d) If Lessor provides an online form or similar option for updating Tenant’s contact information, Tenant may update contact information in this manner.
(e) Change-of-address forms are available at the office (and a copy may be attached to the Agreement).Change-of-address notice from you by letter or postcard is also acceptable.
(f) Tenant must notify Lessor promptly, either orally or in writing, of any change in Tenant’s phone number.
(g) Lessor may refuse to rent to or renew a rental agreement with anyone failing to furnish current mailing address, email, phone number, or satisfactory ID.
HOURS OF OPERATION AND RULE CHANGES.
(a) Hours of facility access may be posted at the entry, along with office hours (if any). The facility may be closed on holidays.
(b) Hours may be changed by posting at the facility or by notice to tenant. Rules may be changed as provided in paragraph 30. We may temporarily close all or part of the facility due to casualty, including impending natural disasters such as hurricanes.
(c) Special hours of access may be granted for one or more tenants.
(a) If the space is lockable, Tenant’s space must be locked with Tenant’s lock at all times. If Tenant fails to lock Tenant’s space and Lessor locks the space with Lessor’s lock, a “locking” charge is due under paragraph 4(g) or 4(h). Lessor is not required to lock unlocked spaces.
(b) If the space is lockable, Tenant’s lock needs to be a heavy-duty, case- hardened steel lock to deter vandalism and break-ins. Only one Tenant lock is allowed on a lockable space.
(c) ALL PROPERTY IS STORED AND TRANSPORTED AT TENANT’S SOLE RISK. LESSOR IS NOT LIABLE FOR ANY LOSS, DAMAGE OR CAUSE OF ACTION OF ANY NATURE, INCLUDING BODILY INJURY AND DAMAGE TO PROPERTY STORED IN OR TRANSPORTED TO OR FROM TENANT’S SPACE, REGARDLESS WHO OWNS SUCH PROPERTY AND REGARDLESS WHETHER THE LOSS OR DAMAGE IS CAUSED IN WHOLE OR PART BY FIRE, SMOKE, DUST, WATER, WEATHER, INSECTS, VERMIN, EXPLOSION, UTILITY INTERRUPTION, EQUIPMENT MALFUNCTION, UNEXPLAINED DISAPPEARANCE, NEGLIGENCE OF LESSOR OR LESSOR’S AGENTS, THEFT BY OTHERS, OR ANY OTHER CAUSE—UNLESS SUCH IS PROHIBITED BY LAW.
(d) Tenant must maintain fire, casualty, and theft insurance on the contents of Tenant’s space as required by paragraph 20 and any addendum or supplemental rules. Insurance application forms may be available at the facility office, if any. Lessor is not obligated to furnish such forms.
(a) Tenant MAY NOT STORE under any circumstances the following:
(b) WITHOUT LESSOR’S PRIOR WRITTEN CONSENT, Tenant MAY NOT STORE any of the following:
(c) WITHOUT LESSOR’S PRIOR WRITTEN CONSENT, Tenant MAY NOT USE the space or any portion of the facility for the following:
(d) WITHOUT LESSOR’S PRIOR WRITTEN CONSENT, Tenant MAY NOT DO any of the following:
(e)LESSOR MAY EXCLUDE, but is not required to exclude, from Tenant’s storage space and the facility:
(a) Identification of persons on the premises.
(b) Tenant and Tenant’s employees, agents, guests, and families:
(c) Anything subject to licensure (autos, vans, trucks, motorcycles, boats, trailers, etc.) parked in violation of the above may be towed under Chapter 2308, Texas Occupations Code. All other property left unattended outside in the facility overnight may be disposed of at Lessor’s option.
(d) Lessor is not liable for malfunction of mechanical or electrical devices which control facility gates; but Lessor will proceed diligently to repair after the problem is discovered by Lessor. Lessor has no duty to remove ice, sleet, or snow from common areas; but, at Lessor’s option, Lessor may remove same in whole or in part, with or without notice.
REFUNDS AND MOVEOUTS.
(a) Move-out notice forms are available at the office. Please allow at least 60 days for return of refundable rent and/or deposit. See paragraph 28.
(b) Unless an addendum to the Rental Agreement provides otherwise, conditions for refunding prepaid rent and deposit are as follows:
(1) Tenant must give Lessor 10 days written move-out notice;
(2) Tenant must give Lessor written notice of actual move-out within 24 hours after moving out;
(3) Tenant’s lock (if any) must be removed on or before move-out date; or if the lock belongs to Lessor, the lock must be returned to Lessor;
(4) Tenant must not leave trash in the space, halls, or driveways;
(5) Tenant must stay minimum term length in paragraph 3; and
(6) Tenant must be current in all obligations at time of move-out.
(c) Tenant will be liable for damages and for cleaning charges under paragraph 4(o) and all disposal costs for Tenant’s failure to remove all contents and debris, stains or fluid/leakage, or failure to “broom clean” the space (if it has a solid floor), and other lease violations.
Signature of Tenant or Tenant's authorized agent (and title if any) Printed name of individual signing
Facility name and address are shown below. Facility name is actually or assumed name of Lessor. Mailing address for all payments and notices to Lessor is the facility address unless a different mailing address is shown below. Lessor's phone number and fax number (if any) and email address (if any) are also shown below.
Driver's license of individual signing: State : Email address: Other ID if no driver's license Vehicle License: state and number:
Space Savers II 295 Kitty Hawk Rd Universal City, TX 78148 Phone: 210-610-6492 Email Address: manager@UniversalCitySelfStorage.com
Texas Property Code Chapter 59 governs the Self-Storage Lien process.A copy of the statute can be found at www.capitol.state.tx.usA copy may also be accessed from the Texas Self Storage Association website: www.txssa.org
ENROLLMENT FOR ACCEPTANCE OF INSURANCE UNDER MASTER POLICY NUMBER: RS000072
TENANT INSURANCE PROGRAM
Facility Operator: Space Savers II Facility Name: Space Savers II
Applicant Name: Unit #: Facility License:
I WANT TO ENROLL IN THE TENANT INSURANCE PROGRAM FROM HARCO NATIONAL INSURANCE COMPANY, serviced by CORNERSTONE INSURANCE PRODUCERS IN THE AMOUNT OF:
Coverage Limit:$ Regular Monthly Premium:
Insurance Start Date:
I understand that the Coverage amount noted is the amount of insurance I have selected. This is a maximum limit. The actual amount paid in the event of loss will be determined by proof of loss documentation. I authorize the Owner to receive the premium and to send it to the insurance company on my behalf. I understand that the Operator of the storage facility, as a limited lines insurance licensee, is authorized to discuss and transact insurance that covers the goods I will store while at the Operator’s facility, and that the Operator may be paid commission or other valuable consideration for their role in the insurance transaction. The Operator is not licensed or qualified to discuss or transact any other type of insurance.
My insurance will start on and will be renewed each month until I terminate the insurance or move out. I understand that the Regular Monthly Premium is due each month on or before each monthly renewal date. The premium is fully earned.
I hereby request to enroll in the Tenant Insurance program in the amount listed above. I have voluntarily elected to enroll in the insurance program available through Cornerstone Insurance Producers. I have read and completed this application for insurance provided in the Master Policy written by HARCO NATIONAL INSURANCE COMPANY.
When I have properly completed and signed this application and it is attached to the issued Tenant Insurance Program Certificate my coverage will be in effect. I will become insured effective as of for the amount of insurance I have selected and initialed above. I understand that my insurance will continue on a month‐to‐month basis as long as I continue to pay the premium noted above. Failure to pay any premium in full will result in the cancellation, without notice, of my insurance.
ELIGIBILITY: I understand that the opportunity to purchase insurance on property stored within the building is available to all Tenant/Occupants who have entered into a Rental Agreement with the Owner for enclosed storage space.
Coverage does not apply to property stored in a commercial office suite, retail space, parking space, other open storage areas or any other location. Some property that may be stored in an enclosed unit is excluded from coverage, such as antiques and currency. It is my responsibility to read and understand the Certificate of Insurance and how it may exclude some of my belongings from coverage.
PREMIUM RATES: I understand that I will receive one month’s notice of changes in the premium rates, if any, and the new rate shall be effective on the next insurance renewal date following the month in which advance notice of such change is delivered to me.
ANY PERSON WHO KNOWINGLY AND WITH INTENT TO DEFRAUD ANY INSURANCE COMPANY OR ANOTHER PERSON FILES AND APPLICATION FOR INSURANCE OR STATEMENT OF CLAIM CONTAINING ANY MATERIALLY FALSE INFORMATION, OR CONCEALS FOR THE PURPOSE OF MISLEADING, INFORMATION CONCERNING ANY FACT MATERIAL THERETO, COMMITS A FRAUDULENT INSURANCE ACT, WHICH IS A CRIME AND SUBJECTS THE PERSON TO CRIMINAL AND CIVIL PENALTIES.
DATE SIGNED: SB 00 02 06 15
28 TAC §1.601(a)(2)(B)
Have a complaint or need help?
If you have a problem with a claim or your premium, call your insurance company or HMO first. If you can't work out the issue, the Texas Department of Insurance may be able to help.
Even if you file a complaint with the Texas Department of Insurance, you should also file a complaint or appeal through your insurance company or HMO. If you don't, you may lose your right to appeal.
Cornerstone Insurance Producers- SBOA Tenant Insurance
To get information or file a complaint with your insurance company or HMO:
Call Client Services: 1-800-792-0345, ext 8056
Email: email@example.com <mailto:firstname.lastname@example.org>
Mail: Cornerstone Insurance Producers SBOA Tenant Insurance
425 N. Prince St., Suite 101
Lancaster, PA 17603
The Texas Department of Insurance
To get help with an insurance question or file a complaint with the state: Call with a question: 1-800- 252-3439
File a complaint: www.tdi.texas.gov <http://www.tdi.texas.gov/>
Email: ConsumerProtec mailto:<ConsumerProtection@tdi.texas.gov>email@example.com
Mail: MC 111-1A, P.O. Box 149091, Austin, TX 78714-9091
¿Tiene una queja o necesita ayuda?
Si tiene un problema con una reclamación o con su prima de seguro, llame primero a su compañía de seguros o HMO. Si no puede resolver el problema, es posible que el Departamento de Seguros de Texas (Texas Department of Insurance, por su nombre en inglés) pueda ayudar.
Aun si usted presenta una queja ante el Departamento de Seguros de Texas, también debe presentar una queja a través del proceso de quejas o de apelaciones de su compañía de seguros o HMO. Si no lo hace, podría perder su derecho para apelar.
Para obtener información o para presentar una queja ante su compañía de seguros o HMO:
Llame a Client Services al 1-800-792-0345, ext 8056 En línea: www.sboati.com <http://www.sboati.com> Correo electrónico: firstname.lastname@example.org
Dirección postal: Cornerstone Insurance Producers SBOA Tenant Insurance
El Departamento de Seguros de Texas
Para obtener ayuda con una pregunta relacionada con los seguros o para presentar una queja ante el estado:
Llame con sus preguntas al: 1-800-252-3439 Presente una queja en: www.tdi.texas.gov <http://www.tdi.texas.gov/>
Correo electrónico: ConsumerProtection@tdi.texas.gov
Dirección postal: MC 111-1A, P.O. Box 149091, Austin, TX 78714-9091
CERTIFICATE OF STORAGE INSURANCE
HARCO NATIONAL INSURANCE COMPANY
TENANT INSURANCE UNDER MASTER POLICY NUMBER: RS000072
This is to certify that the undersigned has arranged insurance as hereinafter specified and underwritten by Harco National Insurance Company
Name of Person or Organization:
Customer of: Space Savers II Include any dba necessary
295 Kitty Hawk Rd
Universal City, TX 78148
When used in reference to this insurance, “you” and “your” refer to the person(s) named as tenant in the Rental Agreement. “We,” “us” and “our” refer to the insurance company. In addition, certain words and phrases are defined as follows:
OWNER - shall mean the owner, landlord, lessor or operator of the self-storage facility.
RENTAL AGREEMENT - means the Rental Agreement executed and in effect between you and the “owner”.
INSURANCE APPLICATION - means the “Enrollment For Acceptance Of Insurance Under Master Policy Number” form you completed.
AMOUNT OF INSURANCE - means the amount of insurance printed on your signed Insurance Application form for coverage.
PREMIUM - means the amount shown in the Insurance Application form as premium for your insurance.
EFFECTIVE DATE: This insurance attaches on the date shown on the Insurance Application. This insurance shall remain in effect until terminated or cancelled as provided by this certificate.
PROPERTY INSURED: We cover your personal property or the personal property of others for which you may be liable or have assumed liability prior to a loss while in storage within the enclosed storage space described in the Rental Agreement.
PERILS INSURED AGAINST: We cover direct loss to property insured by the following perils, except as otherwise excluded but limited to the amount of insurance.
ADDITIONAL COVERAGES: We will also provide these additional coverages up to the amounts stated below. These additional coverages do not increase the amount of insurance.
BURGLARY: 100% of the amount of insurance coverage for loss by burglary or holdup. The term “Burglary” shall mean the act of stealing property
by forcible entry into the storage space described in the Rental Agreement; however, this coverage only applies when such storage space is securely locked at the time of the forcible entry. The mere absence of a lock will not constitute forcible entry.
DEBRIS REMOVAL: 20% of the amount of your insurance under the Master Policy to cover the necessary expense incurred in the removal of debris from the property insured following an insured loss.
TRANSIT: 100% of the amount of your insurance under the Master Policy for loss by fire or by the collision or overturn of a motor vehicle or trailer upon which covered property is being transported while such property is in transit to or from the storage space, provided the property is within 100 miles of the described storage facility.
EXTRA RENTAL SPACE: 20% of the amount of your insurance under the Master Policy to cover the extra expense necessarily incurred by you for the rental of substitute storage when occupancy of the described storage space is prevented as a result of loss or damage to storage facility building by a peril insured against in this policy.
EXCLUSIONS: We do not insure:
DEDUCTIBLE CLAUSE: There is no deductible applicable to a loss covered under this policy.
TERMINATION OF INSURANCE: This insurance shall automatically terminate without notice to you: On the date your Rental Agreement is terminated;On the first day the Insured fails to pay the premium in full for this insurance by the Insured’s monthly anniversary day, or As provided in the Cancellation clause shown below. Premium for the month of termination is fully earned and there shall be no return premium due to the Insured for such month.
VALUATION: The value of the property will be determined at the time of loss and will be the least of the following amounts: The actual cash value of that property;
The cost of reasonably restoring that property to the condition immediately before loss; or The cost of replacing that property of like kind and quality.
DUTIES YOU HAVE AFTER A LOSS: You will give prompt notice to us at site location and to our authorized representative and in case of burglary also to the police. The notice should include:
How when and where the loss occurred;
The property involved and your interest in it; and The names and addresses of any witnesses.
IF YOU HAVE A LOSS: Write or telephone:
Cornerstone Insurance Producers - TI Phone # 800-792- 0345 425 N. Prince St., Suite 101
CONCEALMENT, MISREPRESENTATION AND FRAUD: If you commit fraud by intentionally concealing or misrepresenting a material fact concerning The insurance evidenced by this Certificate, Covered property or Your interest in the covered property You will void your insurance under this policy and be subject to prosecution.
EXAMINATION UNDER OATH: Before recovering for any loss, if requested, you:
Will permit us to inspect the damaged property before it is disposed of or repaired;
Will send us a sworn statement of loss containing the information we request to settle your claim within 60 days of our request; Will agree to examinations under oath at our request;
Will produce others for examination under oath at our request;
Will provide us with all pertinent records needed to prove the loss; and Will cooperate with us in the investigation or settlement of the loss
APPRAISAL: If you and we do not agree as to the amount of loss, then you and we will select a competent appraiser upon receiving a written request from the other. The appraisers will select an umpire. If they do not agree on an umpire, the appraisers will ask a judge of a court of record of the state in which the appraisal is pending to make the selection. The written agreement of any two will be binding and set the amount of loss. You will pay the expense of your appraiser and we will pay for ours. You and we will share equally the expense of the umpire and the other expenses of the appraisal.
LOSS PAYMENT/OTHER RECOVERIES: We will pay or make good any insured loss under the insurance evidenced by this certificate within 30 days after we reach agreement with you, the entry of final judgment or the filing an arbitration award, whichever is earlier. We will not be liable for any part of a loss which has been paid or made good by others.
LEGAL ACTION AGAINST US: No one may bring legal action against us unless:
There has been full compliance with all terms of the insurance evidenced by this certificate; and Such action is brought within two years after you first have knowledge of a loss.
TRANSFER RIGHTS OF RECOVERY AGAINST OTHERS TO US: If any person or organization to or from whom we make payment under the insurance evidenced by this certificate has a right to recover damages from another, that right must be transferred to us. That person or organization must do everything necessary to assist us, and must do nothing after the loss to hinder us in our recovery.
PAIR, SET OR PARTS:
Pair or Set. In case of loss to any part of a pair or set we may:
Repair or replace any part to restore the pair or set to its valuation before the loss; or
Pay the difference between the valuation of the pair or set before and after the loss.
Parts. In case of loss to any part of covered property, consisting of several parts when complete, we will pay only for the valuation of the lost or damaged part.
OPTIONAL ARBITRATION: Except for decisions made under the appraisal condition, in the event you and we fail to agree as to the interpretation or applicability of any of the terms of our Insurance, you may elect to resolve the disagreement by binding arbitration in accordance with the statutory rules and procedures of the state in which the property is located or in accordance with the Commercial Arbitration Rules of the American Arbitration Association. This option is granted to you subject to the following terms and conditions:
Any arbitration instituted to determine coverage for a specific loss must be started within one year after the occurrence causing loss or damage. This optional arbitration clause is intended to grant an additional right to you. All other terms and conditions of this contract remain the same, and no rights or duties of yours or ours shall be diminished or negated by reason of this clause or exercise of this option.
CANCELLATION: The insurance evidenced by this Certificate may be canceled at any time by you, upon providing advanced notice in writing to us or to your facility management. Facility Management will send notice to your address shown on the Rental Agreement prior to the effective date of cancellation of this certificate. The insurance evidenced by this policy shall automatically terminate in event of non-payment or partial payment of premium as provided above without further notice to you. Premium for the month of cancellation is fully earned and there shall be no return premium due you for such month. If any part of this paragraph is in conflict with specific state requirements the state requirements will apply.
CHANGES: This Certificate and the Master Policy contains agreements between you and us concerning the insurance afforded. This policy’s terms can be amended or waived only by endorsement issued by us and made a part of The Master Policy.
SB 00 03 06 15
ADDENDUM TO INSURANCE LANGUAGE
INSURANCE OBLIGATION: THE OWNER DOES NOT PROVIDE ANY TYPE OF INSURANCE WHICH WOULD PROTECT THE OCCUPANT'S PERSONAL PROPERTY FROM LOSS BY FIRE, THEFT, OR ANY OTHER TYPE OF CASUALTY LOSS. IT IS THE OCCUPANT'S RESPONSIBILITY TO OBTAIN SUCH INSURANCE. Occupant, at Occupant's sole expense, shall maintain an insurance policy of fire, extended coverage endorsement, burglary, vandalism and malicious mischief insurance for the actual cash value of the stored property. Insurance on Occupant's stored property is a material condition of this agreement, and is for the benefit of both Occupant and Owner. Occupant’s failure to carry the required insurance is a breach of this agreement, and Occupant assumes all risk of loss to stored property that would be covered by such insurance, including any loss due to any acts whatsoever of Owner, Owner’s agents or employees, including, but not limited to the alleged negligent or intentional acts of Owner, or Owner’s agents or employees, including negligent or intentional disposal of Occupant's stored property. Occupant expressly agrees that the carrier of such insurance shall not be subrogated to any claim of Occupant against Owner, Owner's agents or employees. It is expressly agreed between Occupant and Owner that it is intended that insurance coverage be acquired by Occupant to cover loss of the property due to any acts whatsoever of Owner, Owner's agents, or employees, whether intentional or negligent, or active or passive in nature, which results in any loss, disposal, or damage to Occupant's stored property.
INSURANCE ELECTION: Occupants elects one of the following (please initial):
INSURANCE COMPANY NAME: POLICY #:
Occupant agrees and understands that the SBOA TI policy can be cancelled at any time if Occupant provides evidence of third party insurance coverage for its stored property. Occupant further consents to business communication by Owner and Insurer via phone, text, e‐mail and fax.
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If you have questions about the contents of this document, you can email the document owner.
Document Name: Sign Lease - Space Savers II
Agree & Sign