Applicant #1 Information
Applicant #2 Information
Contact Details
Additional Contact Info: (Minimum of Two)
Delivery & Mailing
I certify that the above information is true and accurate:
Storage Shed Lease-to-Own Agreement and Disclosure Statement
Lease Agreement Terms and Conditions
PURCHASE OF PROPERTY: If Renter makes
Rental Payments (not including fees or other costs Renter may incur) and otherwise complies with this Agreement, Renter will acquire ownership of the Property. Renter will not own the property until
Renter has made all Rental Payments or has purchased the Property by using the Early Purchase Option.
EARLY PURCHASE OPTION: After the first lease payment, Renter may choose to purchase the property early by paying % of the total remaining amount owed on the full-term contract balance. This amount does not include taxes, fees, or other applicable
charges. Renter must be current on all Agreement obligations to exercise the Early Purchase Option.
OTHER CHARGES: If you fail to make a renewal payment within 5 days of its due date, you must pay a reinstatement fee of $5.00. If you make a rental payment by check or electronic funds transfer, and the check or EFT request is dishonored by your bank, you agree to pay us a return check charge equal to the lesser of $35.00 or the highest amount allowable by applicable law. If the lease is reinstated in accordance with the terms of this agreement after the Property has been repossessed, you will owe a redelivery fee equal to the Lessor’s actual cost of redelivery. If the Lessor is required to hire an attorney to enforce the terms of this agreement, you will be responsible for any court costs, attorneys’ fees, and service fees.
REINSTATEMENT: You have the right to reinstate this agreement if it is terminated. You have the right to reinstate this agreement if it is terminated. If you (lessee) fail to make a timely payment, you may reinstate the agreement without penalty, if:
1. You pay all past due rental charges and a reinstatement fee within 5 days (monthly renters) of your renewal date; or
2. You return or voluntarily surrender the rental property within 5 days (monthly renters) of your renewal date. If you choose to reinstate the agreement after returning the rental property, you will have:
- 21 days (if you have paid less than two-thirds of the total of payments necessary to acquire ownership of the property) to pay all past due rental charges, a reinstatement fee and a reasonable redelivery fee if we deliver the rental property.
- 45 days (if you have paid two-thirds or more of the total of payments necessary to acquire ownership of the property) to pay all past due rental charges, a reinstatement fee, and a reasonable redelivery fee if we deliver the rental property
A reinstatement fee of $5.00 will be applied for any reinstatement.
WARRANTIES: If a necessary repair is related to a manufacturing defect, you must contact Colorado RTO and request such repairs. If Renter obtains ownership of the leased property, Lessor will transfer any available unexpired manufacturer’s
warranty, if allowed by the terms of the warranty.
RENTER’S RESPONSIBILITIES: Renter acknowledges and agrees that Renter is solely responsible for providing a site suitable for the Property and determining whether ground conditions are suitable for delivery, and is responsible for all costs and
expenses related to preparing the site for the Property. Lessor and its agents are not responsible for permits, setbacks, restrictions, or covenants that may affect, limit, or prohibit the placement of the Property at Renter’s desired location. It is the responsibility of the Renter to contact their local codes department or Homeowners Association as necessary to ensure compliance with such permits, setbacks, restrictions, or covenants. Renter will not use the Shed for any unlawful purpose.
ALTERATIONS/ADDITIONS: Renter shall not permit the leased property to be altered for the construction of shelves, or fixtures, including but not limited to utility services, or the addition of equipment and accessories, or the placing of signs thereon and shall not permit the leased property to be tied or otherwise affixed to any real estate in such a manner that the same cannot be removed without damage to the leased property. Renter acknowledges and agrees that the Property is for storage purposes only and is not to be used for a residence of any kind, and is not to be permanently affixed to any other property or structure.
LOCATION OF PROPERTY: The Property shall be kept at the address shown above. It may not be moved from that address without the written consent of Lessor which consent shall not be unreasonably withheld
INSPECTION/REPOSSESSION: Lessor shall have the right to examine and inspect the Property at all reasonable times. Renter agrees not to, in any way, restrict the Lessor, its agents and/or independent contractors from access to the leased property. Renter specifically grants to Lessor, its agents and/or independent contractors specific right of entry onto the Renter’s property during the
initial delivery of said rental property and during the repossession of such leased property, whether such repossession is at the
request of Renter or caused by Renter’s default, provided same can be done without breaching the peace.
Renter agrees to promptly remove all of Renter’s personal belongings and property at the termination of this agreement, whether
such termination is caused by Renter’s default, or by lapse of time, and Lessor may elect that any personal property not removed at such termination by Renter is deemed abandoned by Renter and same shall become the property of the Lessor without any payment or offset thereto. If Lessor shall not so elect, the Lessor may remove such property from the leased premises and store same at Renter’s risk and expense.
If the Renter is not the landowner where the property is delivered, the Renter hereby acknowledges that he/she has specific
permission from the landowner to have the property delivered and maintained on the landowner’s premises. Any damages resulting
from the Renter’s misrepresentation under this section shall be borne by the Renter.
TITLE, MAINTENANCE, AND TAXES: Renter shall be responsible for and pay to the appropriate lawful authority any property taxes, permit fees, and other similar government impositions and charges which may be levied or assessed with respect to the
Property. Lessor retains title at all times, unless and until Renter buys or acquires ownership of the property as provided herein. The Lessor shall be responsible for maintaining the leased property in working order and usable condition until such time as the Renter obtains ownership of the goods.
DEFAULT: If Renter fails to make any Rental Payment when due or fails to perform the obligations of the Renter under this
Agreement, or otherwise materially breaches this agreement (an “Event of Default”), Lessor shall be entitled to terminate this Agreement. In any such Event of Default, at its option, Renter will be liable for each late Rental Payment (at the maximum amount allowed by state law) or failure to perform obligations, and Lessor shall be entitled to enter Renter’s property to recover or repossess the Property (without a breach of the peace) and to sue Renter for any late or unpaid Rental Payments and Fees.
Renter shall be responsible for and pay to Lessor, in addition to such other damages as the court may award, all of Lessor’s reasonable attorneys’ fees, court costs and other related expenses of collection and/or repossession, including but not limited to collection agency and/or attorneys’ fees incurred in enforcing the terms of this agreement.
LESSOR LIABILITY: Notwithstanding anything contained in this agreement to the contrary, Lessor shall not be liable to Renter or to any other person, firm or corporation by reason of the loss of, damage to or destruction or any contents contained from time to time in the Property, unless such loss, damage or destruction is due to gross negligence of Lessor or its employees. In the event, and whether or not such loss, damage or destruction for the property kept in the Property is due to the gross negligence of Lessor
or employees, or otherwise, the liability of Lessor shall not exceed the value of the Property. In this regard, Renter warrants and
guarantees to Lessor that no property in excess of the said limit of liability shall be placed in, or stored in the Property other than
at the sole peril of Renter.
ASSIGNMENT: Renter may not assign any of Renter’s rights under this contract to any third-party without the written consent of Lessor which consent shall not be unreasonably withheld. A breach of this provision shall entitle the Lessor to immediate
possession of the property. Lessor may assign this Lease without notice to the Renter.
ENTIRE AGREEMENT: This Agreement sets forth the parties’ entire agreement and may not be changed except by a writing signed by both Renter and Lessor.
BANKRUPTCY NOTIFICATIONS: Renter is hereby notified that this agreement is considered a true lease for bankruptcy purposes and should be scheduled and treated in accordance with 11 USC §365 if the Renter files a bankruptcy proceeding before obtaining ownership of the property.
ARBITRATION: Unless you exercise your right to opt-out of arbitration in the manner described below, you agree that any dispute in which the amount demanded exceeds $25,000.00 (including costs and fees) will be resolved by binding arbitration pursuant to the Federal Arbitration Act in the State of Colorado, or another location mutually agreeable to the parties. Arbitration replaces the right to go to court, including the right to have a jury trial, to engage in discovery (except as may be provided for in the arbitration rules), and to participate as a representative or member of any class of claimants or in any consolidated arbitration proceeding or as a private attorney general. Other rights that you would have if you went to court may also be unavailable in arbitration. You agree to waive any right to a jury trial and to participate as a member in a class-action lawsuit. You are waiving your right to a jury trial, to have a court decide your Dispute, to participate in a class action lawsuit, and to certain discovery and other procedures that are available in a lawsuit. You and we agree that the arbitrator has no authority to conduct class-wide arbitration proceedings and is only authorized to resolve the individual Disputes between you and us.
SEVERABILITY CLAUSE: Every provision of this Lease is intended to be severable. If any term or provision is illegal or invalid for any reason whatsoever, the illegality or invalidity shall not affect the validity of the remainder of the lease. To the extent that any provision of this Agreement conflicts with or contravenes any applicable state or Federal law, such provision shall be deemed to be modified to conform to the relevant provision of state or Federal law.
PERMITTED COMMUNICATIONS: Renter agrees that Lessor or its agents including debt collectors may contact Renter regarding this Agreement/account at any number Renter provides to Lessor. If Renter provides Lessor with a cell phone number, Renter agrees that Lessor may contact Renter using that number and may also contact Renter via text messaging, regardless of whether Renter is charged by his or her service provider for the text or call. Renter agrees to be contacted via automatic dialing and prerecorded message system.
NOTICE TO LESSEE – READ BEFORE SIGNING
NOTICE TO CONSUMER