How to Get Out of a Storage Unit LeaseMaybe you’re looking for things to do with old baby furniture because that’s part of what’s in storage. Or, you have an old armoire stored away, along with a bunch of other stuff from a relative who passed away. It could be just about anything you have in the storage facility but it’s high-time to tighten your budget and get it under control. That’s going to present a real challenge when it comes to the self storage lease.
Some self-storage contracts spell out terms in plain language while others might leave you utterly confused. It’s smart to brush up on lease agreements before you sign on the dotted line. “If a manager is doing his or her job, there shouldn’t be any surprises,” said Kelly Epps, property manager at Pioneer Stor & Lok in Columbus, GA, who said she sits down with customers to make sure they understand their lease agreements. —SpareFoot.comPerhaps you’ve just taken a few simple steps to organize your attic space and now have room to move that stuff out of the storage unit. Whatever your motivation, you know that every month your wallet gets lighter paying the storage unit rent. And now, you’ve had enough. The problem is how to make a clean break and that won’t be an easy feat to accomplish. But there are a few things you can do. Here are some helpful suggestions for how to get out of a storage unit lease:
- Buy or pay it out. Some storage unit facilities provide their customers with an option to buy or pay out their lease contract. While this certainly isn’t inexpensive, it’s a metaphorical way to rip off the band-aid quickly. Look through your contract to learn if this is an option.
- Empty it and wait it out. Another alternative is to empty the storage unit out, then wait out the lease until it’s time to renew or terminate it. Generally, storage unit businesses will offer a discount or some other incentive to get you to extend or renew a lease, so be prepared for that scenario.
- Have someone else take it over. Yet another option is to have someone else take it over. This is a tricky and risky proposition because the lease is probably not transferable. Even if it is able to be transferred, you need to get it all in writing.
- Request a release from the lease. In some circumstances, you can request a release from the lease due to hardship or other extenuating circumstance, like you’re relocating out of the are permanently. Look through the lease to see if this is available.