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Self storage. Self storage (a shorthand for "self-service storage," and also known as "device storage") is an industry that rents storage space (such as rooms, lockers, containers, and/or outdoor space), also known as "storage units," to tenants, usually on a short-term basis (often month-to-month). Self-storage tenants include businesses and ...
The units were rented for a similar price per square foot as apartments or office space, but cost 35 to 50 percent less to build and maintain. [5] [6] A property management subsidiary called Public Storage Management Inc. was formed in 1973. [6] [8] By 1974, 20 locations had been built. [6] [7]
U-Haul Holding Company is an American moving truck, trailer, and self-storage rental company, based in Phoenix, Arizona, [1] that has been in operation since 1945. The company was founded by Leonard Shoen and Anna Mary Carty in Ridgefield, Washington, who began it in a garage owned by Carty's family, and expanded it through franchising with gas stations.
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A rental agreement is a contract of rental, usually written, between the owner of a property and a renter who desires to have temporary possession of the property; it is distinguished from a lease, which is more typically for a fixed term. [1] As a minimum, the agreement identifies the parties, the property, the term of the rental, and the ...
Most self-storage unit leases are month-to-month with automatic renewals. Perishable items are prohibited in units. There’s also no cap on how much facilities can raise rent once a lease expires.
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