Property Storage

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Agreement between an owner of an article or goods and a storage provider of articles or goods for the storage of such articles or goods.

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Agreement between an owner of an article or goods and a storage provider of articles or goods for the storage of such articles or goods.
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Property Storage Agreement

 

 

THIS AGREEMENT made as of [Date of Agreement (ie. July 1, 2002)] between [Name of Owner of Goods] (the "Owner") of [Address of Owner of Goods] and [Name of Storage Provider (Bailee)] (the "Bailee") of [Address of Storage Provider (Bailee)].
WHEREAS:
(A)   The Owner is the owner of [Describe Property being Stored (ie. a black full length mink coat)] (the "Property");
(B)   The Bailee provides a storage service for goods and articles;
(C)   The parties desire that the Bailee provide storage services for the Owner with respect to the Property; and
(D)   The Bailee accepts such responsibilities and agrees to perform the duties and obligations hereinafter set forth;
NOW THEREFORE in consideration of the recitals, the mutual covenants hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows:
1   During the term of this Agreement, the Bailee agrees to store the Property in safe keeping at its storage facility at [Address of Storage Facility]. Bailee acknowledges that it has inspected the Property prior to storing same and acknowledges that the Property is in good condition, with the exception of [Insert any exceptions to Good Condition of Property].
2   The Bailee agrees to exercise reasonable care to protect the Property from theft or damage, and shall maintain adequate insurance to protect the Owner from any loss or damage caused by the Bailee's negligence.
3   Title to the Property shall at all times remain in the Owner. Nothing contained in this Agreement shall be construed or interpreted as conveying title to, or any interest in, the Property to the Bailee.
4   The Owner shall pay to the Bailee a fee in the amount of [Amount of Fee (ie. $50.00)] per , which shall be paid within ten (10) days of invoice by the Bailee.
5   This Agreement will have an initial term of [Term of Agreement] . Thereafter, either party can terminate this Agreement at any time upon thirty (30) days prior written notice to the other party. The Bailee shall have the right to retain the Property until it has been paid in full for the services provided under this Agreement. Upon receipt of such payment, the Bailee agrees to return the Property to the Owner in the same condition as the Property was received.
6   If the Owner fails to pay for and/or retrieve the Property with ninety (90) days after the expiration of the term of this Agreement, then:
(a)   the storage charges payable by the Owner to the Bailee under this Agreement shall be increased to 150% of the amount specified in this Agreement from and after the date of termination of this Agreement, and
(b)   the Bailee may, in addition to any other right or remedy it may have in law, dispose of the Property in accordance with the law, and apply the proceeds thereof to any storage charges payable under this Agreement.
7   All notices which may be or are required to be given by any party to the other under this Agreement, shall be in writing and (i) delivered personally, or (ii) sent by prepaid courier service or registered mail with acknowledgement of receipt to the parties at their respective addresses first above mentioned. Any such notice so given shall be deemed conclusively to have been given and received when so personally delivered or delivered, by courier or on the fifth day, in the absence of evidence to the contrary, following the sending thereof by registered mail. Any party may from time to time change its address hereinbefore set forth by notice to the other parties in accordance with this paragraph.
8   This Agreement supersedes all prior agreements and understandings and may only be modified in writing and signed by both parties.
9   This Agreement may not be assigned by the Owner without the prior written consent of the Bailee.
10   This Agreement shall be governed by and construed in accordance with the laws of the State of [State (ie. California)].
IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date first above written.
 
 
 
Witness
 
[NAME OF OWNER]
 
 
 
Witness
 
[NAME OF BAILEE]
 
Number of Pages4
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#28963
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Property Storage Agreement

 

 

THIS AGREEMENT made as of [Date of Agreement (ie. July 1, 2002)] between [Name of Owner of Goods] (the "Owner") of [Address of Owner of Goods] and [Name of Storage Provider (Bailee)] (the "Bailee") of [Address of Storage Provider (Bailee)].
WHEREAS:
(A)   The Owner is the owner of [Describe Property being Stored (ie. a black full length mink coat)] (the "Property");
(B)   The Bailee provides a storage service for goods and articles;
(C)   The parties desire that the Bailee provide storage services for the Owner with respect to the Property; and
(D)   The Bailee accepts such responsibilities and agrees to perform the duties and obligations hereinafter set forth;
NOW THEREFORE in consideration of the recitals, the mutual covenants hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows:
1   During the term of this Agreement, the Bailee agrees to store the Property in safe keeping at its storage facility at [Address of Storage Facility]. Bailee acknowledges that it has inspected the Property prior to storing same and acknowledges that the Property is in good condition, with the exception of [Insert any exceptions to Good Condition of Property].
2   The Bailee agrees to exercise reasonable care to protect the Property from theft or damage, and shall maintain adequate insurance to protect the Owner from any loss or damage caused by the Bailee's negligence.
3   Title to the Property shall at all times remain in the Owner. Nothing contained in this Agreement shall be construed or interpreted as conveying title to, or any interest in, the Property to the Bailee.
4   The Owner shall pay to the Bailee a fee in the amount of [Amount of Fee (ie. $50.00)] per , which shall be paid within ten (10) days of invoice by the Bailee.
5   This Agreement will have an initial term of [Term of Agreement] . Thereafter, either party can terminate this Agreement at any time upon thirty (30) days prior written notice to the other party. The Bailee shall have the right to retain the Property until it has been paid in full for the services provided under this Agreement. Upon receipt of such payment, the Bailee agrees to return the Property to the Owner in the same condition as the Property was received.
6   If the Owner fails to pay for and/or retrieve the Property with ninety (90) days after the expiration of the term of this Agreement, then:
(a)   the storage charges payable by the Owner to the Bailee under this Agreement shall be increased to 150% of the amount specified in this Agreement from and after the date of termination of this Agreement, and
(b)   the Bailee may, in addition to any other right or remedy it may have in law, dispose of the Property in accordance with the law, and apply the proceeds thereof to any storage charges payable under this Agreement.
7   All notices which may be or are required to be given by any party to the other under this Agreement, shall be in writing and (i) delivered personally, or (ii) sent by prepaid courier service or registered mail with acknowledgement of receipt to the parties at their respective addresses first above mentioned. Any such notice so given shall be deemed conclusively to have been given and received when so personally delivered or delivered, by courier or on the fifth day, in the absence of evidence to the contrary, following the sending thereof by registered mail. Any party may from time to time change its address hereinbefore set forth by notice to the other parties in accordance with this paragraph.
8   This Agreement supersedes all prior agreements and understandings and may only be modified in writing and signed by both parties.
9   This Agreement may not be assigned by the Owner without the prior written consent of the Bailee.
10   This Agreement shall be governed by and construed in accordance with the laws of the State of [State (ie. California)].
IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date first above written.
 
 
 
Witness
 
[NAME OF OWNER]
 
 
 
Witness
 
[NAME OF BAILEE]
 

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