This office lease clause states that the tenant shall be allowed to utilize the storage area and the same shall be deemed to be included in and be a portion of the demised premises. There will be no charge for the use of storage area by way of rent or for any other services. This form also lists acknowledgments of the tenants obligations for use of the storage area.
Iowa Storage Area Clause, also known as the Iowa Storage Clause or Iowa Storage Endorsement, is a provision commonly included in property insurance policies in the state of Iowa. It is specifically designed to address coverage for property that is stored in non-owned or rented storage facilities. The Iowa Storage Area Clause provides coverage for personal property or contents when they are stored in facilities, such as self-storage units, warehouses, or other similar spaces. This clause comes into effect when the property is not physically located at the insured premise. The purpose of this clause is to extend coverage for personal property that is temporarily kept in storage away from the insured location, ensuring protection against various perils, including fire, theft, water damage, and other covered risks. It eliminates the need for separate or additional storage insurance policies by encompassing storage-related risks within the primary property insurance policy. There are different types of Iowa Storage Area Clauses that insurers may offer, depending on the specific policy and coverage requirements. These may include: 1. Standard Iowa Storage Area Clause: This is the basic provision that extends coverage to personal property stored in rented or non-owned storage spaces, subject to the terms and conditions of the policy. 2. Named Peril Iowa Storage Area Clause: This type of clause limits coverage to specific named perils mentioned in the policy. It provides protection only against those risks explicitly listed, such as fire, vandalism, or burglary. 3. All Risk Iowa Storage Area Clause: An all-risk storage clause provides broad coverage for personal property stored in storage facilities, protecting against a wide range of risks unless they are specifically excluded in the policy. This clause offers more comprehensive protection compared to named perils coverage. 4. Valuation Clause: This clause outlines the method used to determine the value of the property stored in the storage facility. It may specify the replacement cost, actual cash value, or another agreed-upon valuation approach. It is important for policyholders to review their property insurance policies and the specific terms of the Iowa Storage Area Clause to understand the extent of coverage provided, any exclusions or limitations, deductibles, and any other relevant conditions. Consulting with an insurance professional or an attorney specializing in insurance law can ensure appropriate coverage and address any questions or concerns.
