Storage Unit Auctions - Real Storage Wars of KC - Day #1

1. Extra Space Storage & Lock Box Storage reserve the right to cancel any sale if the bids are, in the discretion of the Storage Company, unreasonable.



2. Buyer acknowledges that he or she is bidding on all items within the unit and all items must be removed and the unit must be cleaned. In the event that Buyer does not remove all items or does not leave the unit clean, the respective storage company may charge the Buyer its costs in removing such items and/or cleaning the unit.



3. When the Buyer has been awarded the unit he/she must pay cash upon conclusion of the auction for the unit in the amount of the bid plus any percent surcharge to the auctioneer and unless a valid reseller certificate id provided tax must also be paid on the amount of the bid. The surcharge percentage will be announced prior to the start of any auction. The storage company shall furnish the Buyer with a cash receipt upon payment of the unit contents.



4. The Buyer must provide a $100 security deposit and must remove all goods within a twenty-four hour period or the goods will become the property of the storage company, unless the Buyer signs a lease agreement for said unit, and pays the current month's rent in full. Failure to remove all goods or sign a lease will result in Buyer forfeiting the security deposit and incurring a disposal fee. Buyer is responsible for securing the unit holding such property for the 24-hour period.



5. It is the Buyer's responsibility to immediately return all personal property, papers, photos, legal documents, tax returns, bank statements, yearbooks, etc. to the respective storage company for the return to tenant in the future.



6. The Buyer acknowledges that in certain circumstances the Storage company may contact the Buyer and request that certain items be purchased back in order to prevent any court action with the said tenant, the Buyer also agrees to sell to the storage company such items for (a) the cost at which the Buyer purchased such items plus (b) any reasonable actual costs incurred by Buyer in connection with such items.



7. Buyer agrees to make a written bid on all units viewed, even if such a bid is for zero amounts.



8. This agreement pertains to this and all future sales this Buyer attends at any Extra Space Storage or Lock Box Storage facility.



9. Extra Space Storage & Lock Box Storage reserve the right to refuse entrance to any Buyer at future auctions due to failure to follow these rules or any other unacceptable behavior at the auction.



10. Bidders acknowledge that bid rigging and/or collusion is a felony and a violation of the Sherman Antitrust Act. All suspected instances will be reported to the U.S. Justice Department.



11. All bidders agree to hold harmless and indemnify Extra Space Storage, Central Self Storage, Lock-Box Storage, auctioneer, and auction company and all claims.



12. Bidders must be at least 18 years old.



13. No smoking allowed on premises of storage companies.