Red's Boat & RV Storage

RED’S BOAT & RV

STORAGE RENTAL AGREEMENT

Viridian Contractors, LLC

2649 Fearrington Point Road. Chapel Hill, NC 27517

Mailing: 11312 US 15-501 N, Suite 107, Chapel Hill, NC 27516

Phone: 919-384-6667

Key Terms

  • Lein Fee: $600
  • Late Fee: 1.5%/mo
  • Cleaning Fee: $250

Parties and Agreement

  • This Storage Rental Agreement (the “Agreement”) is entered into between Viridian Contractors, LLC, d/b/a/ Red’s Boat & RV Storage (“Owner”), with an address of 2649 Fearrington Point Road, Chapel Hill, North Carolina 27517, and the individual or entity listed in the Renter Information section of the Key Terms in Section 1 above (“Renter”). The Key Terms listed above along with Addendum I and Addendum II attached hereto are all incorporated herein by reference.
  • For the consideration provided for in this Agreement, Renter agrees to let from Owner, and Owner agrees to let the Renter use and occupancy of the storage space more particularly identified in the Key Terms (the “Space”) at the storage facility located at 2649 Fearrington Point Road. Chapel Hill, NC 27517 (the “Facility”) for the purpose of storing the Vehicle (as defined below).
  • Renter is required to disclose to Owner any lienholder with an interest in the property that is or may be stored in the Facility. Renter hereby represents and warrants to Owner that they own or have the sole legal right of possession of the vehicle, boat and other property to be located in their Space and that all such property is free and clear of all liens and security interests EXCEPT for the any declared lienholder.

Use of the Space

  • Renter shall use the Space solely for storage of one vehicle, boat, trailer, or recreational vehicle that is specifically identified on the Key Terms (the “Vehicle”). As used herein, the term “personal property” includes the Vehicle” and all other personal property owned by Renter stored in the Space or otherwise located in the Facility.
  • The Space shall be occupied only for the purposes specified in this Agreement and always shall be subject to the terms and conditions hereof and Owner’s Rules and Regulations.
  • There shall be NO HABITABLE OCCUPANCY of the Space by humans or pets of any kind for any period whatsoever and violation of these prohibitions shall be grounds for immediate termination of the Agreement. No person or pets may reside in the Space, camp in the Space, or otherwise occupy the Space (or any vehicle located thereon) or the Facility for a period of more than two (2) hours during any consecutive twenty-four (24) hour period.
  • Renter shall not perform maintenance or repairs on a Vehicle or other personal property in the Space or the Facility.
  • Renter shall not store any explosives, or any flammable, odorous, perishable, noxious, corrosive, and hazardous or pollutant materials or any other goods in the Space which would cause danger or nuisance to the Space, adjoining spaces, or to the facility.
  • Renter shall not use the Space, nor any part of the Facility, for any purposes unlawful or contrary to any ordinance, regulation, law, fire code or health code.
  • Renter shall maintain its Space and Vehicle in a good, clean condition and agrees not to commit waste, nor to create a nuisance or condition that would be disruptive or disturbing to other Renters of the Facility or Owner.
  • No items shall be stored directly on the ground except those with tires. Any personal property or loose items placed on the ground are subject to immediate removal at Renter’s expense.
  • Renter shall not store jewels, furs, heirlooms, art works, collectibles or other irreplaceable items having special or emotional value to the Renter in the Space or in any Vehicle. Renter waives any claim for emotional or sentimental attachment to Renter’s property.
  • Renter shall not conduct any business out of Space, and further agrees that the Space is not to be used for any type of work shop, for any type of repairs or for any sales, renovations, decoration, painting, or other contracting in the Space.
  • Use of any utilities at the Facility is strictly prohibited except as may be permitted by Owner’s Rules and Regulations for the Facility or by express written agreement and arrangement with Owner and for an additional utility charge set forth by Owner. Unless given written permission by owner, violation of these prohibitions shall be deemed a default and shall be grounds for immediate termination of this Agreement and shall cancel Renter's right of Occupancy.
  • Renter’s access to the Facility may be conditioned in any manner deemed reasonably necessary by Owner to maintain good and safe order of the Facility. Such measures may include, but are not limited to, restricting hours of operation, requiring verification of Renter's identity and inspecting vehicles that enter the Facility. Additionally, if Renter is renting more than one Space at any given time, default on one rented Space shall constitute default on all rented Spaces, entitling Owner to deny access to Renter to all rented Spaces.

Term and Termination

  • This Agreement shall continue from month to month unless Renter or Owner delivers to the other party a thirty-day advanced written notice of its intentions to terminate the Agreement.
  • Upon termination of this Agreement, Renter shall immediately remove the Vehicle and all personal property from the Space and the Facility and shall deliver possession of the Space to Owner unless such property is subject to Owner's lien rights as referenced in this Agreement.
  • If Renter fails to fully remove its property from the Space as required Renter shall be a tenant at sufferance and Owner, at its option, may, without further notice or demand, either directly or through legal process, reenter Renter’s Space and remove all property therefrom without being deemed guilty in any manner of trespassing or conversion.
  • No refunds are allowed for partial- month occupancies. Renter shall be charged a Cleaning Fee, identified above, if Owner is required to remove any debris from either inside or outside the rented Space after Renter vacates the Space.

Monthly Rental and Payments

  • Renter shall pay to Owner, for the use of the Space, the Monthly Rent specified on the Key Terms along with all other sums specified in this Agreement.
  • NO INVOICES WILL BE PROVIDED BY OWNER. Renter’s payment obligations are not contingent upon receipt of an invoice. Any invoices from Owner are sent as a courtesy only.
  • Renter understands and agrees that Owner may increase the Monthly Rent at any time by providing Renter not less than thirty (30) days advance written notice. Renter shall be deemed to have agreed to the increased Monthly Rent unless Renter provides notice to Owner of its termination of this Agreement and removes its Vehicle and all other property from the Space and the Facility prior to the date the increased Monthly Rent begins.
  • Monthly Rent and all other sums due on a monthly basis are due and payable to Owner on or before the first (1st) day of each month. All payments must be made by credit card, debit card, or ACH transfer.
  • Renter shall pay Owner the Security Deposit listed in the Key Terms on or before the date of this Agreement. Owner may apply the Security Deposit to any sum due Owner by Renter hereunder and/or use the same to offset any damage to the Facility caused by Owner. The Security Deposit will be refunded within thirty (30) days after Renter has vacated the Facility, provided the space is left clean, undamaged, and in rentable condition and Renter has satisfied all payment obligations to Owner under this Agreement.

Default

  • If any installment of Monthly Rent or other sum due Owner pursuant to this Agreement is not paid within five (5) days after its due date, or if any payment is dishonored, Renter shall be deemed to be in default of this Agreement (each such occurrence a “Payment Default”). Upon a Payment Default, Renter shall immediately pay to Landlord the Late Fee listed on the Key Terms in addition to all other sums due Owner from Renter. If Renter is fifteen (15) or more days’ delinquent on any payment obligation hereunder, Renter shall be assessed an amount set forth in the Key Terms as a “Lien Fee” along with all collection, auction preparation, advertising and other charges , including Owner’s reasonable attorneys’ fees, incurred by Owner in connection with the sale or proposed sale of Renter’s personal property, including the Vehicle, which such sale shall conform to the requirements of North Carolina law.
  • Additionally, Renter is in default of this Agreement if Renter breaches any term of this Agreement or fails to timely perform or observe any terms or conditions of this Agreement other than a Payment Default (each a “Non-Monetary Default”, and collectively with a Payment Default an “Event of Default”).
  • Upon any Event of Default Owner may, without notice, deny Renter access to the Facility and the Vehicle unless or until the Default is cured in accordance with North Carolina law. In addition, Renter’s Vehicle and other personal property located at the Facility may be sold at public auction as provided by North Carolina law if Renter fails to pay all sums due Owner under this Agreement. Renter understands and agrees that partial payments made to cure a Payment Default will not delay or stop Owner’s enforcement of lien and/or sale of Renter’s personal property.

Owner’s Lien Rights

ALL PROPERTY STORED UNDER THE TERMS OF THIS AGREEMENT MAY BE SOLD TO SATISFY THE OWNER'S LIEN IF RENTER IS IN DEFAULT.

  • Owner shall have a lien on the Vehicle and all personal property stored in Renter's Space, whether or not owned by Renter, or on the proceeds of said personal property in Owner's possession. The lien attaches as of the date such personal property is brought to the Facility and is superior to any other lien or security interest, except those that are protected and recorded prior to the date of this agreement according to applicable law.
  • On the fifteen (15th) day of continuous Event of Default, or thereafter, Owner may enforce its lien on the personal property stored in the Space pursuant to Chapter 44A-40, et. seq. of the North Carolina Statutes for: rent, late charges, labor, damages, cleaning fees; charges for checks returned to owner, postage amounts for mail providing notification of late charges and auctions, expenses necessary for the preservation of the personal property stored on the Facility, and the expenses incurred in the sale or other disposition of said personal property pursuant to law, including reasonable attorney’s fees.
  • Owner shall be permitted to enter Renter's Space and may remove any and all personal property located within said Space for the purpose of selling Renter’s personal property, including the Vehicle. Owner will first attempt to sell any or all said personal property at public sale. If not sold at public sale, any or all items of said personal property will then be otherwise disposed of and/or destroyed by Owner.
  • If the property upon which the lien is claimed is a vehicle or watercraft, and Monthly Rent and other charges related to the property remain unpaid or unsatisfied for sixty (60) days following the maturity of the obligation to pay rent, the Owner may have the property towed from the Facility.

Security Agreement

  • This Agreement shall constitute a security agreement covering the Vehicle and the contents (hereinafter referred to as "Collateral") of the Space, and a security interest shall attach thereto for the benefit of and is hereby granted to Owner by Renter to secure the payment and performance of Renter's default hereunder.
  • Owner, in addition to all other rights and remedies it may have in such event, may exercise any right or remedy with respect so the Collateral which it may have under the Uniform Commercial Code or otherwise. It is expressly understood that Owner retains its Owner's statutory lien. All rights of Owner hereunder or in law or in equity are cumulative, and an exercise of one or more of such rights shall not constitute a waiver of any other rights. Renter hereby waives and renounces its right to the benefit of the exemptions provided under state law and as it may be amended.

Abandonment

  • This Agreement shall automatically terminate if Renter abandons the Vehicle or the Space. Renter shall have abandoned the Space if (a) an Event of Default shall have occurred and is continuing; (b) the Space is found unsecured or empty with no notice of vacatur for a period of 15 days or more; (c) Renter provides oral or written notice of surrender and fails to remove all personal property, including the Vehicle, from the Space after the expiration of the term; or (d) Renter’s access code is deactivated for more than 15 days due to an Event of Default. Upon abandonment, Owner may treat all of Renter’s personal property located in the Space or in the Facility as subject to lien enforcement, sale, towing, or disposal as provided herein.
  • Rent paid for month in which Renter moves out early shall not be refunded. There are no rent refunds.

Risk of Loss

  • THE OWNER IS NOT A WAREHOUSEMAN ENGAGED IN THE BUSINESS OF STORING GOODS FOR HIRE, AND NO BAILMENT IS CREATED BY THIS AGREEMENT. THE OWNER EXERCISES NEITHER CARE, CUSTODY, NOR CONTROL OVER THE RENTER'S STORED PROPERTY. All personal property stored within or on the space by Renter or located at the Facility by anyone shall be stored at Renter's sole risk. Renter must take whatever steps they deem necessary to safeguard the personal property it stores at the Facility. Renter shall assume full responsibility for who has the keys to the Vehicle and access to the Space.
  • Owner and Owner's employees and agents shall not be liable for any loss of or damage to the Vehicle or any personal property while at the Facility arising from any cause whatsoever, including, but not limited to, theft, mysterious disappearance, vandalism, fire, smoke, water, mold, mildew, hurricanes, rain, tornados, explosions, terrorist acts, rodents, insects, and Acts of God, and Renter hereby releases Owner and Owner’s employees and agents from any liability resulting therefrom. IT IS AGREED BY RENTER THAT THIS RELEASE OF OWNER'S LIABILITY IS A BARGAINED FOR CONDITION OF THE MONTHLYRENT SET FORTH HERE AND THAT WERE OWNER NOT RELEASED FROM LIABILITY, A MUCH HIGHER RENT WOULD HAVE TO BE AGREED UPON.
  • Owner does not promise or guarantee the safety or security of persons or property on the Facility. Video cameras may be non-operational or unmonitored. Access control devices may be unmonitored and may occasionally malfunction.

Personal Injury

Owner and Owner's agents and employees shall not be liable whatsoever to any extent to Renter or Renter's invitees, family, employees, agents or servants for any personal injury or death arising from Renter's use of the storage space or premises from any cause whatsoever.

Access Code, Facility Security, and Safe Vehicle Operation

A. Assignment. Upon execution of this Agreement, Owner shall assign Renter one (1) unique, individualized gate access code (“Access Code”). The Access Code grants Renter access to the Facility’s security gate system on a 24-hour, seven-day-a-week basis, subject to Owner’s right to suspend access for safety, maintenance, an Event of Default, or as otherwise provided in this Agreement. The Access Code is personal to the Renter and shall not be disclosed, loaned, or shared with any other individual not identified in the Key Terms, including family members, employees, service providers, or contractors, except as expressly authorized in writing by Owner. Renter acknowledges that the Facility’s access system logs all entries and exits by code, date, and time, and that any use of the Access Code will be conclusively presumed to have been made by Renter unless proven otherwise by verifiable evidence.

B. Responsibility for Code Use. Renter accepts full responsibility for all actions, omissions, or damages arising from the use or misuse of the Access Code, whether by Renter or by any third party who gains access through Renter’s negligence, disclosure, or failure to protect the confidentiality of the Access Code. If Renter believes the Access Code has been compromised, Renter shall immediately notify Owner in writing so that the code may be disabled and replaced. Owner is not liable for any unauthorized entry or loss occurring prior to such written notice. Owner reserves the right to deactivate or change any Access Code at any time for operational, safety, or compliance reasons, with or without advance notice.

C. Security Systems and Surveillance. Owner maintains security cameras and digital access logs for general facility management and law enforcement assistance. Renter acknowledges that these systems are for surveillance and deterrence purposes only, and that Owner does not guarantee protection of any person or property. Renter expressly assumes the risk of theft, vandalism, or damage by third parties, and releases Owner from all liability for any loss or harm arising from criminal acts, trespass, or unauthorized access, whether or not such acts occur within the Facility. Video recordings may be shared with law enforcement or used by Owner in connection with enforcement of its rights under this Agreement.

D. Access Code Violations. The following acts constitute violations of this Agreement and may result in immediate suspension or termination of access privileges, revocation of tenancy, or legal action: sharing, loaning, or publishing the Access Code to any third party; permitting unauthorized persons to enter, remain, or loiter within the Facility; piggybacking or allowing entry by following another vehicle through the gate; attempting to disable, bypass, or tamper with the gate, keypad, locks, cameras, or related systems; damaging gate arms, hinges, sensors, or mechanical components; or accessing the Facility while in default under the this Agreement. All damages, repairs, or administrative costs associated with such violations will be billed to Renter as additional rent, and Renter shall be liable for all resulting losses, including property damage and attorney’s fees.

E. Vehicle Entry and Safety Rules. Renter shall operate vehicles with extreme caution while entering or exiting the gate area. Tailgating or blocking the gate is strictly prohibited. If the gate is malfunctioning, Renter shall not attempt to force it open and shall immediately contact Owner or on-site security personnel for assistance. Any damage to the gate, fencing, posts, or pavement caused by Renter’s negligence or improper entry will be repaired at Renter’s sole expense.

F. Access Limitations and Termination. Owner reserves the right to temporarily or permanently disable the Access Code: (a) during emergencies, repairs, or maintenance; (b) if Renter is in default under any provision of this Agreement or related addenda; (c) for violation of facility rules or unsafe conduct; or (d) upon termination of tenancy. No refund, offset, or abatement of rent shall be due as a result of access restrictions or suspension caused by Renter’s conduct, default, or safety-related closures.

G. Renter agrees to indemnify, defend, and hold harmless Owner, its officers, employees, contractors, and affiliates from and against all claims, demands, losses, damages, liabilities, costs, and attorney’s fees arising out of: (a) use or misuse of the Access Code; (b) unauthorized entry by any person using Renter’s code; (c) accidents, injuries, or property damage occurring during entry or exit; and (d) any violation of this Agreement or the Facility’s Rules and Regulations. This indemnity survives termination of this Agreement.

Insurance & Property Safety

  • THE OWNER DOES NOT PROVIDE ANY TYPE OF INSURANCE WHICH WOULD PROTECT THE RENTER’S VEHICLE OR PERSONAL PROPERTY FROM LOSS BY FIRE, THEFT, OR ANY OTHER TYPE OF CASUALTY LOSS. IT IS THE RENTER'S RESPONSIBILITY TO OBTAIN SUCH INSURANCE.
  • Renter, at Renter's sole expense, shall maintain an insurance policy of fire, extended coverage endorsement, burglary, vandalism and malicious mischief insurance for the actual cash value of the Vehicle and any other personal property at the Facility, if any. Insurance on Renter’s Vehicle and personal property is a material condition of this Agreement and is for the benefit of both Renter and Owner. Renter’s failure to carry the required insurance is a breach of this Agreement, and Renter assumes all risk of loss to stored personal property that would be covered by such insurance, including any loss due to any acts whatsoever of Owner, Owner’s agents or employees.
  • Renter acknowledges that the Facility is an outdoor storage yard without dedicated fire suppression systems or on-site emergency personnel. Renter shall exercise all reasonable precautions to prevent fire, including but not limited to: ensuring that all ignition sources (e.g., cigarettes, fuel transfers, open flames) are strictly prohibited on the premises; disconnecting batteries when not charging; avoiding the use of extension cords or high-draw electrical devices; and ensuring that all fuel systems are maintained in good working order without leaks. Owner shall not be liable for any fire-related damage, whether originating within Renter’s space or elsewhere on the property. In the event of fire, Owner’s sole obligation shall be to notify emergency services. Renter assumes full responsibility for the safety, repair, or replacement of their property.
  • Renter acknowledges that the Facility is subject to environmental regulations under state and federal law, including those governing fuel, oil, and chemical storage. Renter shall not discharge, spill, or allow to leak any fuel, lubricants, antifreeze, or other hazardous materials onto the ground. Renter agrees to immediately notify Owner of any leak or spill and to remediate the affected area at their sole expense in accordance with all applicable regulations. Any violation of environmental law, or any spill or contamination caused by Renter, shall be deemed a material default under this Agreement and may result in termination of tenancy, cleanup charges, and civil or criminal liability. Owner reserves the right to recover from Renter all costs of environmental remediation, fines, and attorney’s fees resulting from Renter’s actions or omissions.

Indemnification

Renter will indemnify and hold the Owner harmless from and against any and all manner of claims for damages or lost property or personal injury and costs including reasonable attorney's fees arising from Renter's use of the Space of the space and the Facility or from any activity, work or thing done, permitted or suffered by Renter in or on the Space or about the Facility. In the event that the Space or Facility is damaged or destroyed by fire or other casualty, Owner shall have the right to remove the contents of the Space and store it at the Renter's sole cost and expense without liability for any loss or damage whatsoever, and Renter shall indemnify and hold Owner harmless from and against any loss, cost, or expense of Owner in connection with such removal and storage. Notwithstanding that Owner shall not be liable for such occurrences, Renter agrees to notify Owner immediately upon the occurrence of any injury, damage, or loss suffered by Renter or other person at the Facility.

Release of Liability and Assumption of Risk

  • Renter understands and agrees that Owner does not assume custody, control, or care of any stored Renter’s personal property and that storage is at Renter’s sole risk. Owner shall not be liable for loss or damage caused by fire; flood; lightning; wind; hail; theft; vandalism; explosion; rodents; insects; mold; collapse; falling trees or branches; vehicle collisions; electrical failure; or any other event, whether foreseeable or not.
  • Renter expressly releases and waives any and all claims against Owner, its officers, employees, contractors, or affiliates arising from such loss, damage, or destruction. Renter further acknowledges that: Owner has made no representation or warranty as to the safety, security, or condition of the Facility; any security measures (including cameras or lighting) are provided solely as a deterrent and do not create a duty of care; and Owner shall not be responsible for interruption of electrical service, gate operation, or other utilities. This release applies to all claims in contract, tort, or equity, including negligence, gross negligence, and premises liability, to the fullest extent permitted by law.

Maintenance and Cleanliness

Renter shall keep their Space clean and free of debris, ensure no oil, fuel, coolant, or other fluids leak from the vehicle, and immediately notify Owner of any damage or spills. Renter shall pay all costs associated with cleanup or repairs of the Space and the Facility caused by Renter, its guests, family members, agents, invitees, or contractors. Renter must park within the designated lines for the Space, maintain proper tire inflation on the Vehicle, and not encroach on neighboring spaces. If a Vehicle leaks or causes damage to the asphalt or surface, Renter shall pay for repair to restore the asphalt surface to the previous condition before the leak or other damage.

Relocation

Owner reserves the right, in its sole discretion, to move, relocate, or tow any vehicle or equipment that is improperly parked, encroaches into another space, blocks access, creates a safety hazard, violates Facility rules, or is otherwise deemed necessary for maintenance or operational reasons. Any costs associated with relocation or towing shall be the responsibility of the Renter.

Termination

  • Either Owner or Renter may terminate this Agreement by providing thirty (30) days’ written notice to the other Party.
  • For any termination by Owner, Monthly Rent shall not be prorated for the final month and the rental term shall be deemed to continue through the end of the final paid month.
  • Upon termination of this Agreement, Renter must remove all of its personal property from the Facility and return the Space in clean condition as provided herein. Failure to do so will result in charges against the Security Deposit and possible removal and or sale of Renter’s property at Renter’s expense in accordance with Addendum II attached hereto and incorporated herein.

Rules and Regulations

  • Owner shall have the right to establish or change the hours of operation for the Facility and to establish Rules and Regulations for the safety, care and cleanliness of the Space or the preservation of good order in the Facility (collectively the “Rules and Regulations”).
  • Renter agrees to abide by all Rules and Regulations established by Owner, including, but not limited to, those Rules and Regulations set forth on Addendum II attached hereto and incorporated herein.

Notices

  • All notices from Owner shall be sent by first class mail postage prepaid to Renter's last known address or to the electronic mail address provided by the Renter in this Agreement. Notices shall be deemed given when deposited with the U. S. Postal Service or when sent by electronic mail. All statutory notices shall be sent as required by law.
  • Renter represents and warrants that the information Renter has supplied in this Agreement is true, accurate and correct and Renter understands that Owner are relying on Renter's representations. Renter agrees to give prompt written notice to Owner of any change in Renter's address, any change in the liens and secured interest on Renter's Vehicle or other personal property in the Space. Renter understands he must personally deliver such notice to Owner or mail the notice by certified mail, return receipt requested, with postage prepaid to Owner at the Facility address set forth above or by e-mail only if e-mail is acknowledged by Owner.

Military Service

In order to comply with Service Members Civil Relief Act, it is Renter's obligation to notify the Owner in writing that Renter and any Renter family member storing personal property at the Facility are in active military service. If Renter's military status or Renter's family member's military status changes, Renter is required to notify the Owner in writing of this change immediately.

Integration and Governing Law

This Agreement, the Key Terms, and each Addenda referenced herein, constitutes the entire agreement between the parties. No oral representations or prior understandings shall modify the express terms of this Agreement. Any amendments must be in writing and signed by both parties. This Agreement shall be governed by and construed in accordance with the laws of the State of North Carolina, and venue for any disputes shall be exclusively in the courts serving Chatham County, North Carolina.

NOTICE TO RENTER: DO NOT SIGN THIS AGREEMENT BEFORE YOU READ ALL PAGES (This is a multi-page document), AND FULLY UNDERSTAND THE CONTENTS CONTAINED HEREIN. KEEP A COPY OF THIS AGREEMENT TO PROTECT YOUR LEGAL RIGHTS. RENTER HEREBY ACKNOWLEDGES BY SIGNING THIS AGREEMENT THAT THEY HAVE READ, UNDERSTOOD AND ACCEPTS ALL THE TERMS AND CONDITIONS EXPRESSED IN THIS MULTI-PAGE AGREEMENT.

Addendum I

Red’s Boat & RV Storage – Comprehensive Payment Authorization Agreement

This Comprehensive Payment Authorization Agreement (“Agreement”) is entered into between Viridian Contractors, LLC d/b/a Red’s Boat & RV Storage (“Owner”), and the undersigned individual or entity (“Renter”). By signing below, Renter hereby expressly authorizes Owner as follows (collectively the “Authorization”): to charge and otherwise debit the credit card, debit card, or bank account designated herein below for Monthly Rent and all other applicable charges, costs, and expenses, due and payable under that certain RED’S BOAT & RV STORAGE RENTAL AGREEMENT by and between Owner and Renter of even date herewith to which this Addendum I is attached (the “Storage Agreement”). This Agreement, and Renter’s Authorization contained herein, are continuous and binding until revoked in a written notice delivered by Renter to Owner and confirmed by Owner (“Cancellation Notice”).

1. Recurring Payment Authorization

Renter’s Authorization provided herein specifically authorizes and otherwise allows Owner to automatically charge the designated payment method for the full Monthly Rent, Taxes, Late Fees, penalties, or other lawful charges when due under the Storage Agreement. Monthly Rent and other recurring monthly charges will be debited or otherwise charged to Renter’s account on or about the first (1st) day of each month during the term of the Storage Agreement. This authorization shall remain in full force and effect until the later of (a) the Storage Agreement has been terminated in accordance with its terms, (b) all outstanding balances owed by Renter to Owner pursuant to the Storage Agreement are paid in full, and (c) The Cancellation Notice is received by Owner in accordance with Section 8.

3. Authorization for Additional Charges

Renter’s Authorization provided herein specifically authorizes and otherwise allows Owner to charge the payment method on file pursuant to this Agreement for Monthly Rent, prorated Monthly Rent, Late Fees, Taxes, Deposits, Lien Fees, Administrative Fees, damages or repairs, replacement or reissuance of access codes, cleaning or debris removal upon move-out, reasonable attorneys’ fees and costs related to enforcement of this Agreement or the Storage Agreement, and any other sums due under the Storage Agreement. Owner’s right to charge the payment method pursuant to this Agreement and the Authorization contained herein shall continue until all of Renter’s obligations are satisfied, even after termination of possession of the Space or termination of the Storage Agreement.

4. Automatic Payment Continuation Clause

Renter expressly agrees that this authorization shall automatically continue and apply to any rent adjustments, renewals, or extensions of the Storage Agreement, including any periodic increases in rental rates as provided in the Storage Agreement. Renter waives the right to require a new authorization form for rate changes pursuant to the Storage Agreement, provided that notice of the adjustment has been delivered at least thirty (30) days prior to the effective date.

5. Declined Payments and Delinquency

If a payment is declined or returned, a ten percent (10%) late fee shall apply if payment is not successfully made by the fifth (5th) day of the month. Owner may restrict access to the Facility until payment is resolved. Continued nonpayment may result in termination, towing, or lien enforcement under N.C. Gen. Stat. § 44A-40 et seq. Renter agrees to pay all costs of collection, including reasonable attorney’s fees, court costs, administrative expenses, and interest at the maximum lawful rate.

6. Payment Processing and Data Security

Owner does not store full account numbers or security codes on internal systems. Payment details are securely transmitted to a third-party processor. Renter acknowledges that no system is immune from breach and agrees that Owner shall not be liable for unauthorized access to or disclosure of payment data, except in cases of Owner’s willful misconduct. Renter hereby releases, indemnifies, and holds Owner harmless against all claims, damages, or liabilities arising out of the collection, storage, or transmission of payment information, including third-party breaches, except as specifically provided herein.

7. Chargebacks, Disputes, and Default

Renter agrees that all payments made under this Agreement and the Storage Agreement are valid and nonrefundable, except where prohibited by law. Renter agrees not to initiate chargebacks or reversals on any payment made under this Agreement or the Storage Agreement. If a chargeback or reversal is initiated, Renter must notify Owner in writing within ten (10) business days and allow time for investigation. If the dispute is found invalid, Renter agrees to pay all reversal fees, penalties, a $50 administrative charge, and Owner’s reasonable attorneys’ fees incurred by Owner in contesting the dispute. Initiating an unwarranted chargeback constitutes a material breach of this Agreement and the Storage Agreement.

8. Cancellation of Authorization

This authorization remains in effect until canceled in writing by Renter. To cancel, Renter must provide thirty (30) days’ written notice before the next billing cycle, delivered by certified mail or email to:

Red’s Boat & RV Storage
c/o Viridian Contractors, LLC
11312 US 15-501 N, Suite 107
Chapel Hill, NC 27516
Email:


Cancellation does not affect any charges already incurred or remaining financial obligations. Owner reserves the right to verify all cancellation requests for authenticity.

9. Legal Acknowledgment and Indemnification

Renter acknowledges that this Agreement constitutes a continuing authorization for all payments due under the Storage Agreement and any renewals thereof. Renter agrees to indemnify, defend, and hold harmless Owner, its members, employees, and agents from any claims, losses, or expenses arising from payment disputes, unauthorized use of payment information by third parties, or enforcement of obligations under this Agreement.

10. Governing Law, Venue, and Enforcement

This Agreement shall be governed by and construed under the laws of the State of North Carolina. The exclusive venue for any action arising out of or related to this Agreement shall be in the courts serving Chatham County, North Carolina. The prevailing party in any legal to enforce this Agreement, Renter shall pay all attorney’s fees, costs, and expenses incurred, including post-judgment collection costs. Renter waives any right to a jury trial or to participate in a class action.

11. Entire Agreement

This Agreement, together with the Storage Agreement and related addenda, constitutes the entire understanding between Owner and Renter concerning the subject matter hereof. No oral promises or prior agreements modify its terms. Any amendment must be in writing and signed by both parties. Capitalized terms not otherwise defined herein have the meaning set forth in the Storage Agreement.

Addendum II

Red’s Boat & RV Storage – Rules & Regulations

The purpose of these Rules and Regulations is to ensure safe, clean, and lawful operation of the storage facility located at 2649 Fearrington Point Road, Chapel Hill, North Carolina 27517 (“Facility”). Renters, their agents, employees, invitees and contractors are bound by the following Rules and Regulations as a condition of the Storage Rental Agreement (the “Agreement”).

1. Access Hours and Conduct

Renter shall have access to the Facility 24 hours per day, seven (7) days per week, 365 days per year, subject to temporary closure for maintenance, emergencies, or law enforcement purposes. Access is limited to the Renter and any authorized users listed in the Agreement. The Facility is for storage use only. Renter, guests, or contractors shall not engage in any recreational, social, or commercial activity on-site beyond the act of storing or retrieving stored property. Loitering, tailgating, or congregating on the premises is prohibited. Renter must enter and exit the Facility promptly and may not remain on-site except as reasonably necessary to load or unload stored property.

2. Electrical Usage and Restrictions

Each designated parking space includes one (1) 15-amp outlet provided solely for the limited purpose of maintaining a trickle charge to the vehicle or vessel’s battery. Renter shall not connect any device other than a factory-approved battery tender or low-voltage maintenance charger. The electrical service shall not be used for power tools, lighting, refrigeration, HVAC, cooking, or any other high-draw or continuous use. Renter shall not alter, splice, or tamper with any electrical wiring, conduit, or fixtures. Each outlet is assigned to one space only, and even if an adjacent outlet appears unused, Renter may not connect to any outlet other than the one assigned. Any damage to electrical infrastructure caused by Renter’s improper use shall be repaired at Renter’s expense, including all electrician fees, material costs, and downtime losses.

3. Prohibited Uses and Activities

The Facility is not a workshop, service area, or campground. The following activities are strictly prohibited at all times: washing, detailing, or rinsing vehicles, boats, or trailers; mechanical work, repairs, painting, or oil changes; use of jacks, lifts, or stands other than tongue jacks for stabilization; refueling, defueling, or storage of spare fuel containers, propane tanks, or compressed gas cylinders; camping, sleeping, or living in any vehicle or vessel on-site; use of generators, space heaters, or open flames of any kind. Renter acknowledges that the Facility is for storage purposes only and agrees not to use the premises in any manner inconsistent with that purpose. Any violation constitutes an immediate default and grounds for termination of tenancy without refund.

4. Cleanliness and Ground Contact Restrictions

Renter shall maintain their rented space in a neat, orderly, and debris-free condition at all times. The only items permitted to contact the ground are tires, stabilizing tongue jacks, or attached landing gear. No other objects—including but not limited to chocks, blocks, furniture, containers, tarps, tools, hoses, or refuse—may be placed on the ground. Owner reserves the right to remove and dispose of any noncompliant items without notice, and such removal shall be at Renter’s sole expense. Renter shall be responsible for any stains, oil leaks, or damage to asphalt or concrete, and agrees to pay for cleaning, resurfacing, or repair costs incurred.

5. Noise, Conduct, and Behavior

Renter shall conduct all activities quietly and respectfully. Loud music, idling engines, horns, and disorderly behavior are prohibited. The Facility is not a public forum; it exists solely for the storage of property. Renter shall ensure that all guests, family members, employees, and contractors comply with these same rules. Owner reserves the right to deny access or terminate the Agreement of any Renter whose conduct disrupts other users or creates safety, security, or nuisance conditions.

6. Fire, Safety, and Hazardous Materials

Renter shall comply with all local, state, and federal fire and environmental regulations. No smoking, open flames, welding, fireworks, bonfires, or incineration are permitted anywhere on the premises. Renter shall not store hazardous or flammable materials, including gasoline, solvents, paints, or chemicals, other than fuel contained within the manufacturer-installed tanks of stored vehicles or vessels. Owner reserves the right to inspect, remove, or report to authorities any suspected hazardous conditions or materials, and any related costs shall be billed to the Renter. All fire lanes and access drives must remain clear at all times. Parking or obstructing emergency routes is strictly prohibited.

7. Damage, Alteration, and Responsibility

Renter is responsible for all damage to pavement, curbing, fencing, lighting, gates, cameras, signage, or any other property of the Facility caused by Renter, their guests, or contractors. Renter shall not drill, dig, paint, trench, or otherwise alter the Facility in any way without written consent of the Owner. Renter shall indemnify and hold Owner harmless for any third-party claims arising out of Renter’s activities, negligence, or willful misconduct. Any repair work required due to Renter’s acts or omissions shall be completed by Owner or its designated contractors, and all costs shall be billed to Renter as additional rent.

8. Security and Gate Access Codes

Each Renter shall be assigned a unique, individualized access code for entry to the Facility’s security gate. Renter agrees that the code is personal, confidential, and nontransferable. Codes shall not be shared, loaned, or disclosed to any third party. Renter is responsible for all access, activity, or damage conducted under their assigned code. If unauthorized access or misuse is suspected, Owner may deactivate the code immediately and require reissuance, subject to administrative fees. Owner’s security systems (including cameras and access logs) are for facility management and law enforcement cooperation only and do not create a duty of personal protection.

9. Owner’s Right of Inspection and Rule Modification

Owner retains the right to enter and inspect any space, vehicle, or vessel on the premises at reasonable times to ensure compliance with this Addendum and applicable law. Owner may modify these Rules and Regulations at any time for reasons including but not limited to safety, operational needs, regulatory compliance, or environmental management. Such modifications shall become effective immediately upon being posted on-site or emailed to the address of record. Renter’s continued access or use of the Facility after notice constitutes acknowledgment and acceptance of all rule changes.

10. Enforcement, Default, and Remedies

Any violation of these Rules and Regulations constitutes a default under the Agreement. Owner may impose administrative fines, suspend gate access, or terminate tenancy immediately for repeated or material violations. In addition to any other rights under the Agreement or North Carolina law, Owner may remove, tow, or dispose of property left in violation of these rules at Renter’s expense. Renter shall pay all collection costs, attorney’s fees, and damages incurred by Owner due to Renter’s noncompliance.

11. Integration and Severability

This Addendum is incorporated into the Agreement by reference and shall be read and construed together with all other addenda executed in connection therewith. If any provision herein is determined to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.

12. Acknowledgment

Renter acknowledges that they have read, understood, and agree to comply with the foregoing Rules and Regulations and that any failure to do so is an Event of Default under the Agreement and may result in immediate termination of access to the Facility, removal from the Facility, or other remedies permitted by law or the Agreement.