per month, (with the first month’s rent pro-rated if the tenancy begins after the 1st of the month). Rental charges shall be paid without any demand being made by OWNER. It is OCCUPANT’s obligation to remit rental charges monthly in advance. NO BILLS OR STATEMENTS WILL BE SENT TO THE OCCUPANT STATING WHEN THE RENTAL CHARGE IS DUE. RENTAL CHARGE IS DUE ON THE FIRST DAY OF EACH MONTH.
5. LATE/ADMINISTRATIVE FEES. If OCCUPANT’s rental charges are not paid on or before the 7th day after the monthly due date (1st of the month), there will be a $10.00 late fee to defray administrative expenses which result from such delinquencies. Such charge is due without prior notice as additional rent. Not withstanding the service charge, time is of the essence and in the event any rental is due and unpaid, the OWNER may terminate this AGREEMENT by reason of default in the payment of rent. It is further understood and agreed that if OCCUPANT or someone on their behalf issues any “bad” or “dishonored” or “declined” payment, whether same is issued on a closed account, refused debit or credit card, insufficient funds, uncollected funds or declined or refused for any reason, the OCCUPANT shall pay OWNER a “Bad Payment Fee” of $25.00 for any such payment.
6. INSURANCE. If OCCUPANT wishes to have his/her property insured, OCCUPANT must obtain their own insurance policy. All property stored by OCCUPANT is stored at OCCUPANT’s sole risk and responsibility. OWNER does not have any obligation to purchase or maintain insurance on OCCUPANT's property placed in OCCUPANT’s storage unit. In the event OCCUPANT does not obtain insurance coverage for the full value of OCCUPANT’s property stored in the self-storage unit, OCCUPANT will personally assume all risk of loss, including but not limited to damage or loss by fire, burglary, mysterious disappearance, water, rain, storms, tornado, riot, rodents, civil disturbance, insects, sonic boom, land vehicles, acts of God or any other cause whatsoever; nor shall OWNER be liable for loss or damage resulting from failure, interruption, or malfunction of utilities; nor shall OWNER be liable for any personal injuries or death as a result of OCCUPANT’s use of the storage unit or the self-service storage facility, even if such injury is caused by the active or passive acts or omissions of negligence of the OWNER or OWNER’s agents.
7. INDEMNITY. OCCUPANT agrees to indemnify, hold harmless, save and defend OWNER and/or other occupants and third parties from all claims, demands, proceeding, liability, loss, actions or causes of action (including attorney’s fees and all costs), damage and expense that are hereinafter brought by others arising out of OCCUPANT’s use of storage unit and common areas, and arising out of any act or omission of the OCCUPANT or OCCUPANT’s agent, including claims for OWNER’s active negligence. In no event shall OWNER be liable for any direct, indirect, punitive, incidental, special or consequential damages arising out of or in any way connected with the use of the storage facility, whether based on contract, tort, strict liability or otherwise, even if OWNER has been advised of the possibility of damages. If any part of this provision is deemed unenforceable by a Court of law, it shall be interpreted and construed to provide as much indemnity to OWNER as permitted by New Mexico law but in no instance shall OWNER or its agents have responsibility of any kind for OCCUPANT’s loss, expense, damage, or claim in an amount of more than $5,000.
8. NO BAILMENT. OCCUPANT acknowledges and understands that no bailment is created by this AGREEMENT. OWNER is not engaged in the business of storing goods for hire, nor is it in the warehousing business, but is simply providing commercial space for rent in which the OCCUPANT may store items of personal property owned by the OCCUPANT. OWNER does not take care, custody and control, possession or dominion of the contents of the OCCUPANT’s unit. The rented space is under the exclusive control of the OCCUPANT.
9. OCCUPANT’S REPRESENTATIONS. OCCUPANT represents to OWNER that OCCUPANT is storing only goods for which it is the rightful and absolute owner and goods that do not conflict with any provision of Federal, State or Local Laws.
10. STORAGE PROHIBITIONS. Storage of hazardous or toxic materials is prohibited. OCCUPANT is strictly prohibited from storing or using materials classified as hazardous or toxic under any Local, State, or Federal law or regulation in the self-service storage unit or on the facility, and from engaging in any activity which produces such materials. Storage of flammable or combustible or noxious substances (except as permitted by law) or use for any unlawful purpose is prohibited and is grounds for summary eviction. OCCUPANT’s obligations of indemnity as set forth herein specifically includes any costs, expenses, fines, or penalties imposed against the OWNER arising out of the storage or use of any hazardous or toxic material by OCCUPANT, OCCUPANT’s agents, employees, invitees, or guests. The unit is for the storage of personal property only and may not be used for residential purposes or to house live animals.