Storage Contract

Property Owner: ___________________________
Address:	________________
________________
Property Custodian: _________________________
Address:	________________
________________
If there is more than one owner or custodian, the use of the singular incorporates the plural.
1.	Property 
Owner desires to store with Custodian, and Custodian agrees to accept and store for Owner, the following Property: ___________________________________.
2.	Storage Location
The Property will be stored at the following location: _________________.
Custodian agrees that the Property will not be removed from this location without prior written notice to and written consent of Owner.
3.	Storage Term and Payment
[choose one]:
[  ]	Custodian agrees to store the Property on a ________ [daily, weekly, or monthly] basis in exchange for payment of $________ per ____________, payable on the first day of each such period.
[  ]	Custodian agrees to store the Property for payment of $____________. Payment will be made on or before ___________ [date].
4.	Beginning and Ending Dates
[choose one]:
[  ]	Storage will begin on _________________ and will continue until Owner claims the Property or Custodian serves Owner with a ____-day written notice terminating this storage agreement.
[  ]	Storage will begin on _______________ and will continue until _________________, or until Owner claims the Property, whichever occurs first.
5.	Failure to Reclaim Property
If Owner fails to reclaim the Property on or before the last day of storage indicated in the notice or in Clause 4, Custodian shall [choose one]:
[  ]	continue to store the Property at the rate of $_________ per _________ until Owner reclaims the Property.
[  ]	send to Owner’s last known address by first-class mail a notice to reclaim the Property, and wait 30 days; if Owner does not make arrangements to reclaim the Property, Custodian may deem the Property abandoned, sell it to pay for outstanding storage fees, and hold the balance for Owner. 
6.	Early Reclaiming
If Owner reclaims the Property during a period for which payment has been made, no pro rata refund will be made.
7.	Delivery to Someone Other Than Owner
Custodian will not deliver the Property to any person other than Owner without prior written permission from Owner.
8.	Value of the Property
Owner and Custodian agree that the approximate [  ] replacement value  [  ] fair market value of the Property on the date this agreement is signed is $_________.
9.	Condition of the Property
Property being stored appears to be in good condition except for the following defects or damage [provide details on each item of property being stored]: ____________________.
10.	Care During Storage Period
[choose one]:
[  ]	Custodian agrees to exercise reasonable care to protect the Property from theft or damage. Responsibility for theft or damage to the Property that doesn’t result from Custodian’s negligence will be borne by Owner.
[  ]	In exchange for the compensation paid by Owner, Custodian agrees to (a) be fully responsible for returning the Property to Owner in the same condition as it was when the storage commenced; and (b) obtain insurance to protect the Property against all commonly insurable losses, except __________________.
11.	Title to the Property
The title to the Property will remain at all times in Owner.
12.	Disputes
[choose one]:
[  ]	Litigation. If a dispute arises, either Owner or Custodian may take the matter to court.
[  ]	Mediation and possible litigation. If a dispute arises, Owner and Custodian will try in good faith to settle it through mediation conducted by [choose one]:
[  ]	___________________________ [name of mediator].
[  ]	a mediator to be mutually selected.
Owner and Custodian will share the costs of the mediator equally. If the dispute is not resolved within 30 days after it is referred to the mediator, either Owner or Custodian may take the matter to court.
[  ]	Mediation and possible arbitration. If a dispute arises, Owner and Custodian will try in good faith to settle it through mediation conducted by [choose one]:
[  ]	___________________________ [name of mediator].
[  ]	a mediator to be mutually selected.
Owner and Custodian will share the costs of the mediator equally. If the dispute is not resolved within 30 days after it is referred to the mediator, it will be arbitrated by [choose one]:
[  ]	___________________________ [name of arbitrator].
[  ]	an arbitrator to be mutually selected.
Judgment on the arbitration award may be entered in any court that has jurisdiction over the matter. Costs of arbitration, including lawyers' fees, will be allocated by the arbitrator.
13.	Modification of This Agreement
All agreements between the parties related to storage of the Property are incorporated in this contract. Any modification to this contract must be in writing.
14.	Additional Terms
Additional terms for the storage of the Property are as follows: ________________________.

Owner’s signature: ______________________________________
Date: ____________

Custodian’s signature: ___________________________________
Date: ____________