Vehicle Storage Contract

This Contract, for the storage of a motor vehicle, is entered into by and between Trackspec Autosports, Inc. and its agents, hereafter referred to as Trackspec, and the owner of the motor vehicle to be stored, hereafter referred to as “Owner.”
Owner Information
Name *
Mailing Address *
Mailing Address
Mobile Phone *
Mobile Phone
Home Phone
Home Phone
Work Phone
Work Phone
Vehicle Information
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The items listed above will be referred to as “Vehicle.” The Vehicle includes any and all property that Owner has in the Vehicle or around the Vehicle at any time. Please note that digital photographs will be taken of the Vehicle at the time of delivery and stored in a secure safe. Trackspec and Owner agree that the Vehicle was presented with the following visible damage:
Storage location
Hereafter referred to as “Trackspec Facility” Storage Address: 7100 Stevenson Blvd, Fremont, CA 94538. Owner acknowledges that although the Trackspec Facility shares the same physical address as another company, Critosphere, Owner does not have access to Critosphere’s parking lot, lobby, and offices, and for all matters relating to this Contract, is to enter through the entrance designated for Trackspec. *
I) Storage Contract, Term, and Pricing
A. Storage with Access: This Contract entitles the Owner storage with access to their Vehicle during normal business hours at Trackspec’s facility located at 7100 Stevenson Blvd, Fremont, CA 94538. The Owner is allowed to access their vehicle during normal business hours within a 24-hour notice, and is also allowed to remove and return the Vehicle during normal business hours. *
B. Term: This is a month-to-month Contract, beginning on the date of signature of this contract, and continuing on a monthly basis until terminated or revised. Either party, Owner or Trackspec, may terminate this Contract without cause and with 20 days’ notice. If termination date falls before the end of a month, the remaining portion of paid rents will be reimbursed to Owner. *
C. Pricing: Owner shall pay Trackspec a MONTHLY fee of $150 on the 1st day of each week. If payment is not made within 5 days of the due date, Owner agrees to pay a $30 late fee. *
D. Automatic Payments: Owner consents to Trackspec charging its credit card on the first day of rental and subsequently, every month following. The Owner has 60 days to contest any charges made to Owner’s credit/debit card on file. In the event any charge is not contested within the 60 day period, Owner expressly waives the right to contest the charge and/or demand repayment. *
3-digit code on the back
II) Delivery & Acceptance
Delivery of Vehicle shall be made to Trackspec Facility at 7100 Stevenson Blvd, Fremont, CA 94538. Vehicle must be properly titled with the California State Department of Motor Vehicles, or other appropriate agency for vehicles registered in jurisdictions other than California, and shall have proof of such. Owner shall be required to provide proof of ownership for the Vehicle delivered to Trackspec. Owner shall provide proof of physical damage insurance coverage for the Vehicle, and such coverage shall be in force and effect for the duration of the term of the Storage Contract. To reduce the risk of fire and prevent tank condensation, FUEL LEVEL MUST BE UNDER A QUARTER TANK UPON DELIVERY. *
III) Safekeeping & Maintenance
Trackspec and its agents will exercise ordinary care for the safekeeping of the Vehicle. Owner shall provide Trackspec with a duplicate set of keys to the motor vehicle identified on this contract which clearly identify the make and owner of the Vehicle. Trackspec will perform any minor work to the Vehicle to minimize the risk of fire, such as attaching a battery tender and/or disconnecting batteries. Title of the Vehicle is, and will at all times remain, in Owner’s name. The Vehicle will not be delivered to any person other than Owner without prior written consent of Owner. *
IV) Location of bailed property
The Vehicle will be stored at Trackspec Autosports’ facility located at 7100 Stevenson Blvd, Fremont, CA 94538, during the term of this Contract, and will not be removed from that location without Owner’s prior consent. The Vehicle will be stored in a parking space determined by Trackspec, with due consideration being given to the protection of the Vehicle and the business needs of Trackspec. By entering this Contract, Owner expressly authorizes Trackspec and its agents and employees to drive the Vehicle stored by Owner at Trackspec Facility, within the premises of the facility for the purposes related to the operation of Trackspec’s business, and at the discretion of Owner, to drive the Vehicle off the property for the purposes of obtaining maintenance. The Vehicle will not be released to any person other than Owner or person(s) identified, in writing, as having authority to remove Vehicle. *
V) Damage or loss, insurance
Owner shall be responsible for ensuring that appropriate motor vehicle insurance coverage, including physical damage coverage, is in force and effect for the duration of the bailment period and agrees to provide proof of such coverage. If, for any reason, Owner does not maintain appropriate motor vehicle insurance coverage for the Vehicle for the duration of the bailment period, Trackspec will in no event be liable to Owner for damage to the Vehicle that, but for the omission of the Owner, would have been insured against lost by Owner’s insurance policy. Trackspec shall not be liable for special damages or consequential damages under any circumstances, even if Trackspec has been advised of the possibility of these damages. Trackspec will not be liable for loss or damage occasioned by gradual deterioration of inherent defects of the Vehicle, nor for loss or damage caused directly or indirectly by terrorist acts, invasion, insurrection, or riot. Trackspec shall not be responsible for the loss of damage to Vehicle, or injury to persons occurring in or about the Vehicle, by reason of use or operation of the Vehicle by the Owner or other persons not employed by Trackspec, or by reason of the acts, omissions, or negligence of the Owner or other persons in and about said Vehicle. *
VI) Redelivery of Property
In event of termination of this Contract for any reason, Trackspec will hold the Vehicle for Owner at Trackspec Facility for Owner’s removal. Release to and acceptance of the Vehicle by Owner will be considered an acknowledgement by Owner that the bailment created thereby has been discharged, and no claim for loss of or damage to the Vehicle may be filed subsequent to release and acceptance. Notwithstanding the foregoing, Trackspec shall have no obligation to release the Vehicle until all fees and charges due Trackspec from Owner have been paid in full. *
VI) Default
In the event Owner fails or refuses to make any payment required by this Contract within fifteen days after the payment is due, Owner shall be in default of this Contract and Trackspec shall be entitled to terminated the Contract and pursue any remedies to which Trackspec may be entitled under this Contract or the laws of the State of California. In the event that an action is filed by Trackspec in relation to this Contract and Trackspec prevails in this action, the Owner shall be liable to Trackspec, in addition to all other sums he may be obliged to pay, for reasonable attorneys’ fees and court costs. In the event of default, Trackspec may, but is not required to, have the Vehicle towed to an independent impound lot at the Owner’s expense. In such event, Owner shall be responsible for all subsequent fees and costs charged by the impound lot. *
VII) Violation of rules & Conditions
The Owner agrees to abide by all Rules and Conditions stated above. If an Owner is expelled from Trackspec Facility for violation of any Rules and Conditions, any remaining portion of paid storage will be forfeited. All such decisions are at the sole discretion of Trackspec agents and employees. *
VIII) Arbitration
Any dispute arising under this Contract shall be settled by arbitration pursuant to the rules of the American Arbitration Association using a single arbitrator. The findings and award of the arbitrator chosen shall be final and binding on the parties hereto. The prevailing party will be reimbursed reasonable attorneys’ fees and court costs associated with such dispute. *