The self storage industry in many developed countries is thriving despite last year’s global recession which had a negative impact on major players. Earlier this year, the industry was still feeling the effects of the economic downturn which led some of them to lower their rental rates due to declining occupancy. Hopefully, with more aggressive marketing efforts from operators and with the economy on the road to recovery, consumers will be able to use the services of these vital facilities again.

Many consumers have recognized storage units as useful spaces in which to temporarily store their valuable belongings. They are very convenient to use because a client can freely choose the size of the unit that he wants and not be forced to rent a certain space with a fixed size.

This type of installation is available in numerous areas today, including those in urban centers. In fact, self-storage units are in demand in cities due to the lack of storage space in homes, including apartments and condominiums. However, each differs in policy, so renters should carefully read and understand the agreement and policies of the facility they prefer to use.

Generally, self storage facility policies cover several aspects. These are about the type of items that are allowed to be kept in the units, access to the renter’s unit and personal items, payment of the rental fee, and insurance.

Materials allowed. Customers who rent self-storage units may temporarily keep items that do not pose a health hazard to a person. Only non-toxic and non-fire hazards, as well as those that are not readily perishable, can be stored there. Furniture, appliances, vehicles can be accommodated very well in these facilities. For delicate items like important documents, temperature controlled units are best suited to rent to prevent damage.

Access to the unit. Some self-storage facilities allow tenants to access their units and items only during business hours. However, there are others that may allow their customers to retrieve certain personal items they need even after business hours, but not too late at night or early in the morning. It is very important then to find out exactly what times are allowed to avoid conflicts in the future.

Payment of rental fees. Depending on the length of time a customer rents a storage unit, a rental fee will need to be paid. This is another vital aspect that needs to be well understood by the customers. Self-storage facilities typically rent their units on a monthly or annual basis. Initially a deposit may be requested, but in most cases, this amount can be refunded at the expiration of the rental agreement. However, if a customer misses a certain month, this monthly fee may be deducted from their initial deposit.

Item insurance. As customers, it is your responsibility to check with the facility to see if they provide insurance for items stored in your building. If not, it is better to secure one for your personal belongings for protection purposes.