2023 Lease

Merryman Investment Company XV, LLC
Storage Space Lease Agreement Unit #______

This storage Space Lease Agreement (the Lease) is made effective on ____________, by and between Merryman Investment Company XV, LLC of 108 Blueberry Lane, Nicholasville, KY 40356(the Lessor) and ___________________________________________________(the Lessee), collectively known as the “Parties”. The Parties hereby agree as follows: Terms and Conditions – Unti #____has Lessor utility meters, we require a copy of the key in case of emergency.

1. Term Lessor hereby leases to Lessee the storage space located at 808 S 2nd ST, Danville KY 40422 (the Premises) The lease will start on ________________________________and will continue as a month-to-month tenancy until such time is terminated by either party.

2. Rent Lessee agrees to pay $125.00 as rent in advance by the 1st of each month to Lessor by mail at the respective address noted above. A late fee of 20% will be required if rent is received after the 5th of each month. Upon receiving any payment of storage space rent in cash, Lessor agress to issue a receipt stating the name of the Lessor, the amount of rent paid, the designation of the storage space and the period for which rent is paid. If a dumpster is added at Lessee expense beside unit, an additional $25 per month is required.

3. Termination Either party may terminate this lease by providing a 30 day written notice to the other party. Any such notice shall be directed to a party at the party’s address as listed in this lease.

4. Use of Premises Lessee will use The Premises exclusively for the storage of Lessee’s possessions. Lessee understands that the use of electricity for refrigerators, freezers or any other appliance is not permitted. Lessee may not store or dispose of any property outside of The Premises. Lessee shall not use The Premises for any illegal or otherwise prohibited activities.

5. Dangerous or Illegal Materials Lessee shall not keep or have on or around the Premises any item of a dangerous, flammable, or explosive nature that might unreasonably increase the risk of fire or explosion on or around The Premises or that might be considered hazardous by any reasonable insurance company. Lessee shall not keep or have on or around The Premises any illegal items, materials or substances.

6. Security and Liability Lessee understands that the Lessor does not provide any security system for the premises. Lessee’s possessions will occupy the Premises entirely at the risk of the Lessee. Lessor is not responsible for carrying any insurance covering Lessee’s possessions. Lessee should, at his or her own expense, obtain insurance for the possessions stored at the Premises. Lessee releases Lessor from any loss, damage, claim, or injury resulting from any casualty on the Premises. Lessee understands and agrees that the Lessee accepts full responsibility for all personal injuries or any other damages that may occur during use of the storage space, regardless of the reason. Furthermore Lessee agrees that Lessor, and all associated owners, agents, and employees, be held harmless for any and all injuries and damages occurring inside or outside the Premises.

7. Maintenance Lessee will, at Lessee’s sole expense, keep and maintain the Premises in good, clean, and sanitary condition during the term of this Lease and any renewal thereof. Lessee will promptly advise Lessor if the Premises need any maintenance or repair.

8. Assignment and Sublease Lessee shall not assign or sublease any interest in the Lease.

9. Governing Law This lease shall be governed by the Laws of Kentucky.

10. Entire Agreement This Lease contains the entire agreement of the parties, and there are no other promises or conditions on any other agreement whether oral or written concerning the subject matter of this Lease. This Lease supersedes any prior written or oral agreements between the parties.

11. Severability If any provision of this Lease will be held to be invalid or unenforceable for any reason, the remaining provisions will continue to be valid and enforceable. If a court finds that any provision of this Lease is invalid or unenforceable, but that by limiting such provision it would become valid and enforceable, then such provision it would become valid and enforceable, then such provision will be deemed to be written, construed, and enforced as so limited.

12. Amendment This lease may be modified or amended in writing, if the writing is signed by the party obligated under the amendment. 13. Waiver of Contractual Rights The failure of either party to enforce any provision of this Lease shall not be construed as a waiver or limitation of that party’s right to subsequently enforce and compel strict compliance with every provision of the Lease.