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The agreement — version Iowa-2026-v1

REID'S STORAGE
IOWA SELF-SERVICE STORAGE RENTAL AGREEMENT
Reid Storage LLC d/b/a Reid's Storage | 6533 W. Kimberly Rd., Davenport, IA 52806
Master Lease - Iowa 2026 | Version Iowa-2026-v1

Occupant / Tenant: ____________________
Agreement Date: ____________________
Mailing Address: ____________________
City / State / ZIP: ____________________
Mobile Phone: ____________________
Email: ____________________
Unit No.: ____________________
Unit Size / Type: ____________________
Monthly Rent: ____________________
Security Deposit: ____________________
Start Date: ____________________
Access Code / Key No.: ____________________
Maximum Stored Value: $5,000
Rent Due: 1st day of each month

IMPORTANT NOTICE: This Agreement is a rental of storage space only. Reid's Storage does not take custody or control of Occupant's property and is not a warehouseman or insurer. Occupant's property is stored at Occupant's sole risk, subject to applicable law.

1. PARTIES; MONTH-TO-MONTH TERM. This Agreement is between Reid Storage LLC, doing business as Reid's Storage ('Operator'), and the person identified above ('Occupant'). The tenancy begins on the Start Date and continues month-to-month until terminated in accordance with this Agreement. The Unit is rented solely for storage of personal property.

2. RENT; PAYMENT; LATE FEE. Rent is due in advance on the first day of each month without demand. If rent is not paid when due, Occupant is in default. If rent remains unpaid five (5) days after the due date, Operator may assess a monthly late fee equal to $20.00 or twenty percent (20%) of the monthly rent, whichever is greater. A returned or rejected payment fee of $25.00 may also be charged to the extent permitted by law. Operator may change rent or other recurring charges upon at least thirty (30) days' written notice, effective no sooner than the next monthly rental period after the notice period expires.

3. USE OF UNIT; NO RESIDENCE. The Unit may be used only for lawful storage. Occupant shall not live, sleep, reside, or conduct residential activity in the Unit, and Operator shall not knowingly permit residential use. Occupant shall not conduct a business open to the public from the Unit or use the Unit in a manner that creates a nuisance, hazard, or interference with the facility or other occupants.

4. PROHIBITED PROPERTY AND ACTIVITIES. Occupant shall not store explosives, ammunition, gasoline or other flammable fuels (except fuel contained in the ordinary tank of an approved stored vehicle), hazardous or toxic substances, illegal drugs or contraband, stolen property, perishable food, animals, waste, property that emits odors or fumes, or property whose possession or storage violates law. Occupant shall not perform mechanical work, welding, painting, charging of vehicle batteries, or other hazardous activity in the Unit without Operator's prior written consent.

5. EXCLUSIVE CARE, CUSTODY, AND CONTROL; NO BAILMENT. Except as expressly provided by this Agreement or applicable law, exclusive care, custody, and control of all property stored in the Unit remains with Occupant until a lawful lien sale. Operator does not take possession of, inventory, safeguard, or insure Occupant's property. No bailment is created.

6. VALUE LIMITATION. Occupant agrees that the aggregate value of all property stored in the Unit shall not exceed $5,000 unless Operator approves a higher amount in a written addendum signed by Operator. Occupant acknowledges that, under Iowa law, a value limit stated in the rental agreement is deemed to be the maximum value of the property in the leased space. Occupant shall not store property having special or sentimental value that cannot reasonably be replaced.

7. INSURANCE; RISK OF LOSS. Occupant is responsible for maintaining insurance covering the full replacement value of all stored property and appropriate liability coverage. Operator does not provide insurance for Occupant's property. To the fullest extent permitted by law, Occupant assumes the risk of loss or damage from theft, burglary, fire, smoke, water, flood, weather, wind, hail, temperature change, humidity, condensation, mold, mildew, rodents, insects, vandalism, acts of other persons, utility interruption, or other casualty. Nothing in this Agreement waives liability that cannot lawfully be waived.

8. LOCKS, KEYS, AND SECURITY. Occupant is responsible for securely locking the Unit and protecting all keys, locks, gate codes, and access credentials. Operator makes no representation that any gate, camera, fence, lighting, alarm, lock, or other security measure will prevent loss. If Operator provides a key or lock, Occupant shall not duplicate or transfer it without permission. A $50.00 lost-key or rekey charge may be assessed when a lock must be changed because of Occupant's lost or unreturned key.

9. ACCESS; RIGHT TO DENY ACCESS UPON DEFAULT. Occupant may access the facility only during posted access hours and subject to facility rules. If Occupant is in default of any obligation under this Agreement, Operator has the contractual right to deny Occupant access to the Unit and facility to the extent permitted by Iowa Code chapter 578A and other applicable law. Denial of access does not terminate Occupant's obligation to pay rent and other lawful charges.

10. INSPECTION, REPAIR, AND EMERGENCY ENTRY. Upon Operator's reasonable request, Occupant shall allow Operator to enter the Unit for inspection or repair. In an emergency, Operator may enter the Unit for inspection, repair, protection of persons or property, or mitigation of damage without prior notice or consent. Operator may remove or relocate property when reasonably necessary to respond to an emergency, subject to applicable law.

11. CONDITION OF UNIT; NON-CLIMATE-CONTROLLED STORAGE. Occupant accepts the Unit in its present condition after having an opportunity to inspect it. Unless expressly stated in a signed addendum, the Unit is not climate-controlled. Occupant is responsible for protecting stored property from temperature, humidity, condensation, pests, dust, and moisture. Operator is not responsible for maintaining tire pressure or battery condition on stored vehicles, trailers, or equipment.

12. IOWA STATUTORY LIEN. Operator has a lien on all of Occupant's personal property located at the facility for delinquent rent, late fees, labor, other charges incurred under this Agreement, and expenses incurred for preservation, sale, or disposition of the property. The lien attaches when the personal property is brought to the facility and is subject to the priorities and requirements of Iowa Code chapter 578A.

13. DEFAULT; LIEN ENFORCEMENT; SALE OR DISPOSITION. If Occupant remains in default for at least thirty (30) days, Operator may enforce its lien by selling Occupant's personal property through public or private proceedings in a commercially reasonable manner, or may otherwise dispose of property having no commercial value, in each case only after satisfying the notice, timing, secured-interest search, advertising, and other requirements of Iowa Code section 578A.7. Before sale, Operator will send the required notice of default and provide at least fourteen (14) days to pay the charges due. At least seven (7) days before a lien sale, Operator will advertise the sale in a commercially reasonable manner as required by Iowa law. Occupant may redeem the property at any time before sale by paying the amount necessary to satisfy the lien and lawful expenses.

14. VEHICLES, WATERCRAFT, AND TRAILERS. If a vehicle, watercraft, or trailer is stored and rent or other charges remain unpaid for thirty (30) days, Operator may have the property towed as permitted by Iowa law. Occupant authorizes Operator to provide identifying information reasonably necessary for towing, lien enforcement, or title procedures. Occupant shall provide accurate VIN, registration, title, lienholder, and license information when requested. Removal by a towing company does not release Operator's lien.

15. SALE PROCEEDS; PROPERTY OF NO COMMERCIAL VALUE. Proceeds of a lien sale may be applied to Operator's lien and lawful sale expenses. Any balance will be handled as required by Iowa Code section 578A.7, including holding the balance for ninety (90) days for delivery to Occupant on demand and, if unclaimed, paying it to the county treasurer. Property offered at a commercially reasonable sale that receives no bid or offer may be treated as property having no commercial value and disposed of as permitted by law.

16. ELECTRONIC COMMUNICATION AND NOTICE - CONSENT. Occupant and Operator agree that electronic mail may be used to satisfy ALL notice requirements under Iowa Code chapter 578A. Occupant consents to receive all notices required by that chapter at the email address listed above and agrees to keep that address current. Notices sent by email are deemed delivered when sent to Occupant's last-known email address. If Operator receives an automated message stating that an email cannot be delivered, Operator will send the notice by hand delivery or verified mail as required by law. Occupant may update the last-known postal or email address by written notice to Operator. If Occupant does not consent to electronic notice, the parties shall strike this section and initial the change, and Operator will use another method permitted by Iowa law.

17. CHANGE OF CONTACT INFORMATION. Occupant must promptly provide written notice of any change in mailing address, email address, telephone number, emergency contact, vehicle information, or lienholder information. Operator may rely on Occupant's last-known address as defined by Iowa law.

18. TERMINATION AND MOVE-OUT. Occupant may terminate this Agreement by giving at least thirty (30) days' written notice. Operator may terminate a month-to-month tenancy upon at least thirty (30) days' written notice unless a different notice period is required by applicable law. On or before the termination date, Occupant shall remove all property, leave the Unit broom-clean and undamaged, return Operator-issued keys or access devices, and pay all amounts due. Property left behind remains subject to Operator's rights under this Agreement and applicable law.

19. CATASTROPHIC EVENT. If fire, flood, or another catastrophic event damages or destroys the facility so that the Unit is unusable, Operator will make a good-faith effort to notify Occupant. Occupant may terminate by giving the notice required by this Agreement and shall remove the Unit's contents as soon as reasonably practicable. Any prepaid rent due back to Occupant will be returned upon removal of Occupant's property as required by Iowa law.

20. FLOOD-ZONE DISCLOSURE. Iowa law requires the rental agreement to disclose whether the facility is located in a FEMA 'special flood hazard area.' The parties acknowledge the following disclosure for this facility:
   [  ] YES - The facility is located in a FEMA Special Flood Hazard Area.
   [  ] NO - The facility is not located in a FEMA Special Flood Hazard Area.

21. RULES AND CHANGES. Occupant shall comply with reasonable written facility rules provided or posted by Operator. Operator may adopt or amend reasonable rules governing safety, access, cleanliness, security, and operation of the facility. Material changes affecting Occupant's tenancy will be communicated as required by law or this Agreement.

22. INDEMNITY. To the fullest extent permitted by law, Occupant shall indemnify and hold Operator, its members, managers, employees, and agents harmless from claims, damages, liabilities, and reasonable expenses arising from Occupant's use of the facility, Occupant's property, or acts or omissions of Occupant or Occupant's guests, except to the extent caused by liability that cannot lawfully be shifted or waived.

23. ASSIGNMENT; GUESTS. Occupant may not assign, sublease, or transfer the Unit or permit another person to use it as that person's storage space without Operator's prior written consent. Occupant is responsible for the conduct of all persons entering the facility through Occupant's authorization or access credentials.

24. DEFAULT COSTS. To the extent permitted by law, Occupant is responsible for reasonable costs arising from Occupant's default, including collection costs and expenses reasonably incurred in preservation, towing, advertising, sale, disposal, cleanup, court proceedings, and enforcement of Operator's rights. Attorney fees may be recovered only to the extent permitted by applicable law.

25. NO WAIVER; SEVERABILITY; ENTIRE AGREEMENT. Operator's delay or failure to enforce a provision is not a waiver of future enforcement. If any provision is held unenforceable, the remaining provisions remain effective to the fullest extent permitted by law. This Agreement, together with signed addenda and incorporated facility rules, is the entire agreement concerning the Unit and supersedes prior oral or written agreements for the same tenancy.

26. GOVERNING LAW; VENUE. Iowa law governs this Agreement. Any action relating to the Unit or this Agreement shall be brought in a court of competent jurisdiction in the county where the facility is located, unless applicable law requires otherwise.

OPTIONAL VEHICLE / TRAILER / WATERCRAFT INFORMATION
Type: ____________________
Year: ____________________
Make: ____________________
Model: ____________________
VIN / Serial No.: ____________________
License / Registration: ____________________

INSURANCE / EMERGENCY INFORMATION
Insurance Company: ____________________
Policy / Phone: ____________________
Emergency Contact: ____________________
Phone: ____________________

OCCUPANT ACKNOWLEDGMENTS
- Occupant has read and agrees to this entire Agreement and has received or been offered a copy.
- Occupant understands that Operator does not insure Occupant's property and that Occupant is responsible for obtaining insurance.
- Occupant agrees to the $5,000 maximum stored-property value unless a higher amount is approved in a signed addendum.
- Occupant expressly agrees that Operator may deny access upon default as stated in Section 9.
- Occupant CONSENTS to electronic mail for all notices under Iowa Code chapter 578A as stated in Section 16.
- Occupant acknowledges the flood-zone disclosure in Section 20.

Operator / Agent: ____________________
REID'S STORAGE | Reid Storage LLC d/b/a Reid's Storage | 6533 W. Kimberly Rd., Davenport, IA 52806