Lease Agreement

STORAGE RENTAL AGREEMENT TERMS AND CONIDTIONS

The Industrial Hotel, LLC (dba The Industrial Storage)

This Storage Rental Agreement ("Agreement") is a legally binding contract between The Industrial Hotel, LLC (dba The Industrial Storage) ("Owner," "we," "us," "our") and the person or business renting storage ("Tenant," "you," "your"). This Agreement covers self-storage units/containers, powered and/or climate-controlled units, vehicle storage, and contractor yard spaces at our Florence, Colorado facility (the "Facility").

This Agreement is intended to comply with Colorado Revised Statutes (C.R.S.) Title 38, Article 21.5 (Self-service Storage Facility Liens). If any part of this Agreement conflicts with applicable law, the law controls.

1. Acceptance and Electronic Consent (No Signature Required)

By making any payment through Stripe for rent, deposits, fees, or services; taking possession of any unit/space; receiving a gate code or access credential; or using the Facility in any manner, you agree to this Agreement and all Facility Rules incorporated by reference. If you rent on behalf of a business, you represent you have authority to bind that business.

You consent to electronic records and communications. We may provide invoices, receipts, notices, disclosures, and other communications by email, SMS/text (if opted in), and/or via an online portal, to the extent permitted by law. Electronic records have the same legal effect as paper records.

2. Definitions

"Unit/Space" means the storage unit/container, powered/climate unit, vehicle space, or contractor yard space assigned to you. "Stored Property" means all items, inventory, vehicles, equipment, and materials you bring onto the Facility. "Facility Rules" means the policies and rules posted on-site and/or provided electronically, as updated from time to time.

3. Rental of Space Only; No Bailment

This is a rental of space only. Owner does not take custody of Stored Property and is not a warehouseman. You are solely responsible for selecting the Unit/Space and safeguarding your Stored Property.

4. Term

This Agreement is month-to-month and automatically renews each month until terminated in accordance with this Agreement and Facility Rules.

5. Rent, Fees, and Payment Terms

Rent is due monthly in advance on the due date shown in your invoice/portal/checkout. You authorize Stripe (or our payment processor) to charge your selected payment method for recurring rent and any authorized fees if autopay is enabled.

Fees that may apply include (as applicable and disclosed in the invoice/portal or Facility Rules): administrative/setup fees, deposits, late fees, returned payment/chargeback fees, lock cut/overlock fees, towing fees for vehicle rule violations, cleanup/repair fees, and reasonable enforcement costs to the extent permitted by law.

Payments are generally non-refundable except where required by law or expressly agreed by Owner in writing.

6. Rent Changes and Rule Changes

Owner may change rent, fees, access hours, and Facility Rules by providing notice as required by law (or commercially reasonable notice where law does not specify). Your continued occupancy, access, or payment after the effective date constitutes acceptance.

7. Access, Hours, and Security

Access hours are posted at the Facility and may be modified for safety, maintenance, weather, emergencies, or rule enforcement. Gate codes/credentials are assigned for your use and may not be shared except with approved authorized users.

For safety and loss prevention, the Facility may use perimeter fencing, gated entry, access logs, and video surveillance in common areas (such as gate lanes, entrances, drive aisles, and parking areas). Cameras do not intentionally monitor inside units. Security measures are not a guarantee against loss.

8. Tenant Responsibilities

You agree to: (a) keep your Unit/Space clean and orderly; (b) store items safely and within the boundaries of the Unit/Space; (c) prevent leaks, odors, pests, mold, and unsafe conditions; (d) use a lock meeting our standards (if applicable); (e) keep your contact and payment information current; and (f) ensure that your guests, employees, contractors, and invitees follow this Agreement and Facility Rules.

9. Prohibited Items and Uses

You may not store or bring onto the Facility: illegal goods or stolen property; explosives, fireworks, ammunition, or other inherently dangerous items; hazardous materials, toxic chemicals, solvents, or flammables; perishables, plants, animals; or anything that creates odors, attracts pests, leaks, contamination, or unsafe conditions. Living or sleeping in any Unit/Space or on the Facility is strictly prohibited.

You may not use the Unit/Space for unlawful activity, public retail open-to-the-public operations, manufacturing, or repair work unless Owner provides written permission. Additional restrictions may apply based on zoning, fire code, and Facility Rules.

10. Insurance; Risk of Loss (Important)

Owner does not provide insurance covering your Stored Property. You store property at your own risk. We strongly recommend you maintain insurance on your personal property stored at the Facility (for example, renters/homeowners insurance or a storage tenant policy).

You are responsible for confirming your coverage and limits. If Owner offers optional third-party tenant insurance/protection through a partner, such coverage is subject to separate terms.

11. Limitation of Liability; Indemnity

To the maximum extent permitted by law, Owner is not liable for loss or damage to Stored Property from theft, fire, water, weather, power interruption, pests, mold, vandalism, or any other cause, except to the extent caused by Owner’s gross negligence or willful misconduct.

You agree to indemnify and hold harmless Owner, its managers, employees, and agents from claims, damages, liabilities, losses, and expenses arising from your use of the Facility, Stored Property, or violation of this Agreement or Facility Rules.

12. Power, Lighting, and Climate Features (If Applicable)

If your Unit/Space includes electrical power, outlets, lighting, or heating/cooling, you acknowledge that service may be interrupted due to outages, maintenance, or other causes. Owner does not guarantee uninterrupted power or HVAC.

You may not overload circuits or use prohibited appliances/equipment (including high-draw heaters, welding equipment, kilns, or other industrial loads) without written approval. You may not modify electrical systems or install equipment without written approval.

13. Vehicle Storage Terms (If Applicable)

If you store a vehicle (including a car, truck, trailer, RV, bus, motorcycle, ATV, or dirt bike), you represent that you have the legal right to store it and will provide proof of ownership/registration/insurance upon request.

No repairs, fluid dumping, or parts storage outside your designated space. Leaks must be addressed immediately and you are responsible for cleanup costs. Owner may tow or relocate vehicles in violation of rules or creating hazards, at your cost, as permitted by law.

14. Contractor Yard Terms (If Applicable)

Contractor yard spaces are for approved storage of work vehicles, tools, equipment, and materials. No dumping, hazardous materials, or unsafe activity is allowed. Noise and work activities must comply with Facility Rules and applicable law. You are responsible for securing your materials and keeping your area orderly.

15. Optional Events / Sales (If Offered)

If Owner hosts market/event days, participation is optional and may require separate approval and event rules. Only approved renters may sell. Owner may limit frequency, hours, vendor eligibility, and participation criteria. Owner may revoke participation for rule violations. Tenant is solely responsible for licenses, permits, taxes, and compliance for its sales.

16. Owner’s Right to Enter; Emergencies

Owner may enter a Unit/Space (including cutting a lock if necessary) without Tenant present in emergencies, to address safety issues, to make repairs, to comply with law, or to enforce lien/collection remedies as permitted by law. Owner will provide notice when required or when reasonably practical.

17. Default, Denial of Access, and Colorado Self-Storage Lien Enforcement

17.1 Continuous Default and When Enforcement May Begin (30 Days)

In accordance with Colorado law, Owner will not begin lien enforcement action until Tenant has been in continuous default for a period of thirty (30) days.

17.2 Statutory Notice of Sale/Disposition (Required Contract Notice)

NOTICE: ALL ARTICLES STORED IN THE UNIT/SPACE MAY BE SOLD OR OTHERWISE DISPOSED OF IF NO PAYMENT IS RECEIVED FOR A CONTINUOUS THIRTY (30) DAY PERIOD, AND THE PROCEEDS OF ANY SALE OR DISPOSITION MAY BE APPLIED TO TENANT'S DELINQUENT OBLIGATIONS, AS PERMITTED BY COLORADO LAW.

17.3 Lienholder Disclosure (Required)

Tenant must disclose to Owner, in writing, the name and address of any person or entity with a lien or security interest in the Stored Property (a "Lienholder") at the time of move-in, or promptly upon learning of such interest. Tenant is responsible for keeping lienholder information current.

17.4 Late Fees (Colorado Reasonableness Standard)

If rent is not paid when due, Owner may charge a late fee. Tenant agrees that a late fee of twenty dollars ($20) or twenty percent (20%) of the monthly rent, whichever is greater, per late payment is reasonable. Owner may include late fees in the lien amount only if the late fee amount is stated in this Agreement or an addendum, as permitted by law.

17.5 Denial of Access; Overlock

If Tenant is in default, Owner may deny Tenant access to the Unit/Space and overlock or otherwise restrict entry as allowed by law and Facility Rules.

17.6 Written Notice Before Sale/Disposition

After thirty (30) days of continuous default, Owner may begin lien enforcement only after providing Tenant written notice as required by Colorado law. Notice may be delivered in person, by verified mail, or by email to Tenant’s last known email address (as permitted by law). If notice is sent by email and Owner does not receive a response, receipt, or confirmation, Owner may send notice by verified mail before proceeding, as required by law.

The notice will include: (a) an itemized statement of the amount due and the date it became due; (b) a general description of the Stored Property; (c) if allowed under this Agreement and Facility Rules, notice of denial of access and Owner contact information; (d) a demand for payment with a deadline not less than fifteen (15) days after delivery; and (e) a statement of the time and place of any proposed sale or disposition.

17.7 Redemption

Tenant may redeem the Stored Property prior to sale or disposition by paying the amounts necessary to satisfy the lien and any reasonable expenses incurred by Owner as permitted by law.

17.8 Sale/Disposition and Advertising

If Tenant does not cure the default within the notice period, Owner may sell or otherwise dispose of the Stored Property in a commercially reasonable manner, including a public sale at the Facility or an online auction website that customarily conducts public auctions. Owner may advertise the sale as required by Colorado law.

17.9 Application of Proceeds

Sale proceeds may be applied to amounts due to Owner as permitted by law, including rent, stated late fees (if applicable), and reasonable enforcement expenses. Any surplus will be handled as required by Colorado law.

18. Move-Out; Termination

To end tenancy, you must provide any required notice under Facility Rules and: remove all Stored Property, leave the Unit/Space broom-clean, and return any required credentials. Move-out is not complete until the Unit/Space is empty and surrendered. Rent is not prorated unless required by law or expressly agreed by Owner.

19. Abandonment

If you vacate without proper notice or leave property behind after termination, Owner may treat the property as abandoned and proceed as permitted by law, including lien enforcement, disposal, or sale.

20. Notices

You agree that notices may be provided to your last known email address, phone number (SMS if opted in), mailing address, and/or via the portal, and by any other method permitted by law. You are responsible for keeping contact information current.

21. Governing Law; Venue

This Agreement is governed by Colorado law. Venue for disputes will be in a court of competent jurisdiction in Fremont County, Colorado, unless otherwise required by law.

22. Entire Agreement; Severability

This Agreement and Facility Rules are the entire agreement between you and Owner regarding the Unit/Space. If any provision is unenforceable, the remainder remains in effect.

Exhibit A: Facility Rules (Summary)

Facility Rules include (but are not limited to): speed limits, gate procedures, restricted areas, prohibited items list, quiet hours (if posted), trash/dumping policy, parking and vehicle rules, safety requirements, and any posted signage. The current Facility Rules are posted on-site and/or provided electronically, and may be updated from time to time.