Complete Story
 

11/29/2017

NCSSA Lease Agreement and providing insurance

Superior Storage Charlotte, LLC - Bill Gray

Greetings to all and hope this finds you are doing well.

We are getting ready to open and have decided to require insurance with all rentals. Using the NCSSA contract item 6 talks about tenant being responsible for their own insurance.

My question is with this being included (2,000) with your rate how are you addressing this in the leasing process?



Printer-Friendly Version

6 Comments

Kevin Leebrick on Monday 12/04/2017 at 01:15PM wrote:

You are correct. Point 6 talks about insurance. Moreover says that insurance is a " material condition of the lease." That means that if they do not have a. Tenant insurance or b. ACTIVE proof of insurance they are in violation of the lease. Are you offering Tenant Insurance?

Kris in NC on Thursday 12/07/2017 at 02:55PM wrote:

I always say, "As we discussed, we require insurance to rent here. if you have proof of insurance, be it renters or homeowners, just bring a copy of the declaration page with you, if not I have insurance here for a modest fee." If they're walk-ins, and balk because they 'have' insurance, have them to call their agent right then and have it faxed or emailed to you directly, then finish the move in. Or if they balk because a. no insurance or b. they're lying, then have them sign up or tell them you're sorry but no rental w/o insurance.

William D. Gray on Thursday 12/07/2017 at 03:48PM wrote:

Thanks Kevin and Kirk.

Kevin we are offering tenant insurance and very much appreciate you and Kirk taking the time for clarification. ......Thanks again.....Bill Gray

Kevin Leebrick on Thursday 12/07/2017 at 03:53PM wrote:

One thing we have added to our rules and regulations is that if proof is not provided with in 7 days of rental we will add our tenant insurance on to the account.

Michelle Marinellie on Friday 12/08/2017 at 09:27AM wrote:

Bill,
Michelle ( Iron Guard Katy, TX )
If you're requiring insurance with all rentals may I suggest.. " The price on that unit is $79.00 and this price INCLUDES $ 2,000 of personal property protection built right in : )
Folks like the added bonus, your not messing with decloration pages and chasing or losing possible rentals over it.
Hope this finds you well..
Michelle - Charlotte NC

Robert Valentine on Wednesday 12/20/2017 at 01:59PM wrote:

Michelle,
How are you providing the $2,000 of insurance to your tenant?

Disclaimer: The opinions expressed in the comments shown above are those of the individual comment authors and do not reflect the opinions of this organization.