When you get self-storage, the property manager will have you sign a contract detailing your rights and responsibilities. It is incumbent upon you to read and understand what the contract contains before signing; otherwise, you could be agreeing to something that can have an adverse impact on your life later on. Here's the explanation behind two contract terms that are commonly misunderstood.

Indemnification

Even well-run storage facilities have accidents and other unfortunate things happen on their properties. However, who's responsible for paying for the damages that result depends on who caused the incident. If you do something on the property that leads to someone else filing a claim against the storage facility, an indemnification clause in your contract means you'll be responsible for paying any damages and losses that occur.

For example, you accidentally drive your vehicle into one of the exterior storage units, damaging the building and the items inside. If the owner of the unit files a claim against the storage facility, you'll be held responsible for compensating that person either through your insurance provider or your own wallet.

Likewise, if something happens to your belongings as a result of another tenant's actions, your claim against the storage facility would be redirected to that tenant. Therefore, it's probably a good idea to get insurance on your unit to protect your valuables just in case the other party can't or won't pay for the damages.

Exclusion of Warranties

A second misunderstood piece of legalese found in storage unit contracts is the exclusion of warranties. Basically, the storage facility is stating it is not guaranteeing the space it is renting to you is appropriate for the items you're storing. If you want to put an expensive and delicate violin in storage, for instance, you are responsible for making sure the unit has all the characteristics needed to keep the instrument safe and sound.

This does not mean the storage facility is completely off the hook if something goes wrong. You may still have a case if the facility guarantees certain features but those features become unavailable. If you put your violin in a climate-controlled unit but the space is not kept at the advertised temperature and humidity level, the facility may be liable for any damage your instrument sustains as a result.

For more information about contract clauses or to rent a self-storage unit, contact a storage facility like Stadium Storage.