By Carlos Kaslow Limiting Liability: A Bridge Too Far As a general rule, self-storage operators can limit their liability for property damage and bodily injury in the rental agreement. When properly drafted, a release of liability is enforceable and ends litigation over loss or damage to tenant-stored property without trial. However, judges will occasionally refuse […]
by Carlos Kaslow The last 12 months have been the year of natural disasters. The country has been responding to various disasters, from hurricanes in the southeast to wildfires in California, with occasional tornados and flooding in between. Natural disasters also trigger the President and Governors to declare states of emergency. While these orders put […]
In self-storage, as in other commercial lease arrangements, there are essentially two types of tenant defaults: monetary or the failure to pay rent in full and on time, and non-monetary or the breach of the terms and conditions of the lease agreement other than relating to the payment of rent. When there is a monetary […]
As everyone in the industry knows, self-storage is regulated by state laws, so what is required in one state may not be required in a neighboring state. However, there are still similarities between state laws, and every few years we see nationwide trends in proposed changes to state self-storage laws. Some years back, many states […]