Whereas the first party, hereinafter referred to as warehouse management, is Makhzny Self-Storage Company provides personal storage and warehousing services to individuals and companies for monthly and annual periods. Whereas, this warehouse is divided into a set of separate storage rooms with different air-conditioned and non-air-conditioned spaces that are equipped and monitored by the latest security monitoring systems, fire suppression systems, anti-theft systems, entry and exit systems, and are linked to the rental and management system. Whereas, the first party rents those designated and equipped rooms for storage to all individuals and employers who wish to do so in accordance with the warehouse’s policy and management and in line with all relevant statutory rules and provisions. The first party agreed to contract with the second party, hereinafter referred to as the customer, in regard to rent a storage room according to the purpose, description, terms and, conditions set out below.
This Agreement shall be automatically renewed for a maximum period of one year a new Agreement shall be entered as the parties agree unless one of the parties notifies the other regarding his desire to terminate before the end of its term by ten (10) days. As for the rented property for storing cosmetics and foodstuffs that subject to the requirements of the Saudi Food and Drug Authority their rental term shall be terminated with the expiry of the Agreement. If the two parties wish to renew, a new Agreement shall be entered as the parties agree.
• The discount is not applicable if the second party moves out before completing the lease agreement duration. • VAT invoices will be generated on the last day of each month (according to Gregorian calendar). • Free months and discounts will not be given to second party in case the second party does not pay the full rent amount in advance. • This contract specifies that the mentioned area is rounded to the nearest meter. The first party has the right to modify the rental value of the unit once during the contract period, after notifying the second party in writing, via email, text messages, or WhatsApp. The notice period should be at least 15 days prior to the monthly rental due date.
1 - Upon contracting, the customer shall sign a form containing data regarding the names of authorized persons to enter the designated storage room and the contact data to inform him of all matters related to this Agreement.
2 - The second party acknowledged that he performed due diligence examination to the rented property (specified in detail in Clause 2), identified its location, as well as the adjacent places, the paths leading to it, facilities, utilities, departments, services, common parts designated for services and utilities inside and outside the warehouse, and parking lots of the building. Moreover, he acknowledged that he identified its area, borders, descriptions, internal and external equipment and facilities, and other essential elements necessary for his usage. Found it complete, adequate, and appropriate for the purpose for which they were rented, and accepted its condition without any observations.
3 - The second party shall undertake to maintain the rented property's cleanliness and its general appearance without prejudice to the external appearance. During the Agreement term, he and his employees shall undertake to make every effort to ensure that the warehouse shall remain in the perfect condition as they received with the exception of reasonable consumption.
4 - The customer shall comply with all instructions issued by the warehouse management and the dates specified for entry or exit from the warehouse, and to comply with all existing laws, governmental regulations, agreements, regulatory and executive governmental regulations, decisions, governmental directions, warnings that are current, and/or will be active from any governmental authority that are responsible for regulating such services related to this agreement and with all instructions issued by the warehouse management for warehouse security. The second party acknowledged the entitlement of the first party to set up the regulations and instructions that regulates the warehouse’s working process, management, operations, maintenance, cleanliness, and right to modify or change it at any time during the Agreement term, without expressing any objection on his part. The second party also acknowledged that his signature on this Agreement shall be considered as an acknowledgment and prior approval for the aforementioned.
5 - The tenant shall not be entitled to sub-rent the rented property or any part of it for any purpose. As well as he shall not be entitled to assign, transfer, mortgage, or sub-rent the rented property to any person .
6 - Upon the expiration or termination of the rent term, the second party shall oblige to hand over the rented property and its keys to the first party or his representative in the condition as he received, free from any defects or damages that result due to the usage. The tenant shall remove all his stuff that the lessor does not want and repair any damage caused by him to the rental property at his own expense.
7 - Both parties understand and agree that the agreed rental value shall not include any governmental fees or taxes imposed by the competent authorities on the rented property, and the second party shall individually incur the concerning fees and taxes.
8 – The customer shall not store any flammable materials or any assets or movables that are not authorized by the official authorities to be stored in the warehouse.
9 – The customer shall individually bear the full civil and criminal liability for the stored assets and movables in the rented rooms or even in the lobbies of the facility without any liability of the first party. As the applicable mechanism in the warehouse for the rented storage rooms does not include performing an inventory, examination or inspection of the movables and belongings that the customer stores in the storage rooms designated to him.
10 –the tenant is obliged to pay electricity bills related to the rental units described during the period of validity of this contract or to pay a fixed amount periodically to the lessor for these services, as agreed by the parties, if any.
11 – The customer can’t by any means prevent the first party from performing any emergency maintenance operations that are needed for the facility, which is after the first party provides the second party with what proves the need for such procedures.
12- The second party authorizes the person responsible on their part (the authorized person) with the full powers of managing the warehouse and stored goods, receiving, delivering, unloading, loading, dealing with damaged materials, withdrawing stored goods and dealing with all responsibilities for all the goods belonging to the second party and stored in any place in the facility of the first party.