The answer to this question is a resounding yes! Just like any other business public storage facilities can and do raise their rates on a regular basis. The reasons for this are numerous but the most common one is simply to keep up with the costs of running the business. Storage units are not cheap to build or maintain and the costs of running a storage business can quickly add up. In order to keep their prices competitive storage companies must regularly raise their rates.
Of course not all storage companies are created equal. Some are more expensive than others and some offer discounts or promotions that can help offset the cost of a rate increase. However it’s always important to be aware of the potential for a price hike when renting a storage unit. Otherwise you could end up paying more than you bargained for.
What is the highest rate public storage can charge for a rental unit?
The highest rate public storage can charge for a rental unit is the maximum rate allowed by law.
How often can public storage raise rates?
Public storage can raise rates as often as they like as long as the maximum rate allowed by law is not exceeded.
How much notice must public storage give customers before raising rates?
Public storage must give customers at least 60 days notice before raising rates.
What are some things that can cause public storage rates to increase?
Some things that can cause public storage rates to increase include demand for storage units cost of living and cost of running the storage facility.
How can customers avoid rate increases?
Customers can avoid rate increases by signing a long-term contract with public storage which locks in a set rate for a certain period of time.
Is there a limit to how much public storage can raise rates?
Yes there is a limit to how much public storage can raise rates.
The maximum rate allowed by law cannot be exceeded.
What happens if public storage rates increase and a customer can no longer afford the payments?
If public storage rates increase and a customer can no longer afford the payments the customer can try to negotiate a lower rate with public storage.
If public storage does not agree to a lower rate the customer can move their belongings out of the storage unit and cancel their contract.
What is the average rate increase public storage charges per year?
The average rate increase public storage charges per year is 3-5%.
Is public storage required to prorate rates if a customer moves out early?
No public storage is not required to prorate rates if a customer moves out early.
What is the late payment fee for public storage?
The late payment fee for public storage is typically $10.
What is the grace period for public storage payments?
The grace period for public storage payments is typically 5-7 days.
What happens if a customer doesn’t make a payment during the grace period?
If a customer doesn’t make a payment during the grace period their belongings may be auctioned off to the highest bidder.
How can customers make a payment to public storage?
Customers can make a payment to public storage by mailing a check or money order using a credit or debit card or setting up automatic payments.
What is the phone number for public storage customer service?
The phone number for public storage customer service is 1-800-688-8057.
What is the website for public storage?
The website for public storage is www.
publicstorage.
com.
