What fees do I need to pay in addition to rent?

Published on 10/19/2023 When renting a self-storage unit, in addition to the monthly rent, there are usually a few additional fees that you may need to pay. These fees can vary depending on the facility and the specific terms of your rental agreement. Some common fees include a one-time administration fee, a security deposit, and possibly insurance fees. The administration fee is typically charged when you first sign up for the unit and covers the administrative costs associated with setting up your account. The security deposit is a refundable amount that is held by the facility as a form of insurance against any potential damages or unpaid rent. Lastly, some facilities may require you to have insurance coverage for your stored items, and they may offer insurance options that you can purchase through them. It's important to carefully review the terms and conditions of your rental agreement to understand all the fees and charges associated with renting a self-storage unit.