Self storage or the mini storage or mini warehouse is a storage space that is used to stash away either household goods or some excess inventory from small businesses. The space can be categorized as per the size of the goods that have to go into it. This means that a self storage space can be the size of a small locker or a whole closet or even as the name suggested above, a mini warehouse which can be actually a small room at the back of a shop etc.
Usually self storage spaces are rented out by families and other stores to pocket an extra wad of cash as a side income. This has proven to be a very lucrative option for people looking for extra side money apart from their regular incomes. Studies show that people al over the world spend a fortune on an average during their lifetime on renting storage spaces.
There are some general aspects of self storage listed below which educate us on the policies and the working of such storage space operations.
1)The goods that have been stored in the storage locker or warehouse or room have to be secured by the lock and key of the tenant.
2)Unlike a professional warehouse policy, the self storage facility does not give the operator of the storage space to have casual access to the commodities stored in the space.
3)The facilitator does not have the right to take possession of the goods stored inside nor can he rent them out to somebody else on a sub let basis.
4)This policy remains till the tenant stops the payment of the rent and there is a lien imposed on the tenant.
5)The facilitators are in charge of the security of the goods. They have to provide measures for the prevention of theft, burglary or infestation of mice, raccoons, termites, ants etc. also, the operator must ensure that the space is properly cleaned and is ready to withstand natural disasters to the best of their ability.
6)The tenant must insure his goods in any case to avoid problems later. The copy of the insurance papers must be provided to the facility operator.
7)Keeping all this in mind, the tenant must be aware of the fact and he must sign it on the contract drawn up between him and the facility operator that he is storing goods in this space at his own risk.