The Termination Of Storage Agreement is essential when either party wishes to formally end their storage arrangement in accordance with Canadian law. This document is typically used when a customer plans to vacate their storage unit, or when the facility needs to end the storage relationship. It serves as a comprehensive record of the termination process, detailing critical elements such as the removal timeline for stored items, final payment calculations, and mutual release of obligations. The agreement ensures compliance with Canadian federal regulations and provincial storage laws, protecting both parties' interests during the termination process. It's particularly important for documenting the condition of stored items, confirming the return of access devices, and establishing a clear record of any final settlements or outstanding obligations.
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1. Parties: Identification of the storage facility operator and the customer, including full legal names and addresses
2. Background: Reference to the original storage agreement, its date, and brief context for the termination
3. Definitions: Key terms used in the agreement, including 'Stored Items', 'Termination Date', 'Final Payment', etc.
4. Termination Notice: Formal declaration of termination, specifying the effective date and reference to termination rights under original agreement
5. Removal of Stored Items: Timeline and process for the removal of stored items, including access arrangements and deadlines
6. Final Payment and Settlement: Details of final payment calculations, including any pro-rated refunds or outstanding charges
7. Release and Discharge: Mutual release of obligations and liabilities upon completion of termination requirements
8. Return of Access Devices: Requirements for returning keys, access cards, or security devices
9. Governing Law: Specification of applicable Canadian jurisdiction
10. Execution: Signature blocks and date of execution
1. Damage Assessment: Include when there are existing damages to either stored items or storage unit that need to be documented
2. Outstanding Disputes: Include when there are unresolved issues that need to be addressed as part of termination
3. Insurance Claims: Include when there are pending insurance claims that need to be addressed
4. Abandoned Property: Include when addressing the handling of unclaimed or abandoned items
5. Security Deposit: Include when there is a security deposit to be returned or applied
6. Cleaning Requirements: Include when specific cleaning or restoration of storage unit is required
1. Schedule A - Inventory of Stored Items: Detailed list of all items to be removed from storage
2. Schedule B - Condition Report: Documentation of the condition of storage unit and/or stored items at termination
3. Schedule C - Payment Settlement Statement: Detailed breakdown of final charges, credits, and payment calculations
4. Schedule D - Removal Timeline: Specific dates and times for removal of stored items
5. Appendix 1 - Original Storage Agreement: Copy of the original storage agreement being terminated
6. Appendix 2 - Photographic Evidence: Photos documenting condition of unit and/or items if relevant
Authors
Relevant legal definitions
Clauses
Relevant Industries
Logistics and Warehousing
Self-Storage
Real Estate
Retail
Manufacturing
Construction
Document Storage and Management
E-commerce
Moving and Relocation
Agriculture
Automotive
Healthcare
Education
Professional Services
Relevant Teams
Operations
Legal
Customer Service
Administration
Facilities Management
Risk and Compliance
Property Management
Contract Management
Account Management
Business Development
Relevant Roles
Facility Manager
Operations Director
Property Manager
Storage Coordinator
Customer Service Representative
Legal Counsel
Compliance Officer
Administrative Manager
Warehouse Manager
Contract Administrator
Risk Manager
Account Manager
Site Supervisor
Business Development Manager
Operations Supervisor
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