Self-Storage 101

We here at Mindful Workspaces and Storage want to assist you in learning all the ins and outs of self-storage. Once you are more familiar, this would be the perfect time to decide if you need a self-storage facility. Even though units fill up fast, there are so many facilities, you are bound to find something that will work best for you.

Self-storage is an industry in which storage spaces, also known as “storage units” are rented to tenants, usually on a short-term basis, and often month-to-month. Self-storage tenants include businesses and individuals.

 

What are the “4 Ds of Life” in the Self-Storage World

Industry experts often refer to “4 Ds of life” (death, divorce, downsizing, and dislocation). Dislocation refers to when the renter is relocating to another area and needs space to store items until they can be moved to the new location.

Self-storage facilities typically rent spaces on a short-term basis even though options for longer-term leases are typically made available. They rent to individuals or to businesses. Many storage facilities offer all sorts of supplies like boxes, locks, and more for sale to assist tenants in packing and safekeeping of their goods. They may also offer truck rentals as well.

Most storage facilities even offer insurance for purchase. Your facility may offer a third-party carrier, and in some cases may require the lessor to purchase it as a condition of the rental.

Rented spaces are secured by the tenant’s own lock and key. Unlike in a warehouse, self-storage facility employees do not have access to the contents of the space. This clears the self-storage facility from any liabilities due to theft. A self-storage facility does not take possession or control of the contents of the space unless a lien is imposed for non-payment of rent, or if the unit is not locked the facility may lock the unit until the tenant provides his/her own lock.

If you are looking for a cost-effective storage option, don’t overlook a storage unit from Mindful Workspaces & Storage. They provide key solutions to many business issues such as extra office space. And remember that storage containers do not require much to set up and are a great temporary alternative for businesses that require storage.

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