Which clauses and or terms might a person not understand at the time of contract

Question

Which clauses and or terms might a person not understand at the time of contract but noticed later once re-reading the contract?

(SMITH & ROBERSON’S BUSINESS LAW)

Public Storage Rental Agreement Thank you for becoming our customer. You want and agree to rent a self-storage or parking space from Public Storage on thes e terms: Parties and Rented Space Rental Da 5/26/2017 Fuhlic Starage or its affliates, auttarized represantatives, amplayans or other egents, as owner or owne's agent ("Public Storage," "we," "us" or our"), 367 Southcrn Blvd. Bronx, NY 10454 Facility" Ownar Address) 1706 Telephone Num ber Your Space 718-585-5180 and 31 Sbr age or Parking Space # Space Size(Approxim atalv 10x10 Account # 242 acity #25747 Jones as cus omer (you," or"your Vau arn: an indvidual ra hutinnre Rental # 15380008 Your Information customer info rmation EmergoncwAlternato Contact Information Andrews ave Lewis Address: City/Stale/Zip Telophone: ID Driver's Email Address Bronx, NY, 10468 47- 004 Name Addroee City Stato/Zip: Talephane Authorzed AGces s Person(s 718- 188 ai.com Lewis Your Fees and Charges Notice: The Monthly Rent charge and other charges statedin this Rental Agreement are the actual charges you must pay (make checks payabe to Public Stora 11.00 Monthly insurance premium (only f insurence is alectadi $2500 Dishcnored Chack Charge $20.00 Late Charge afer 6 ' of the month $66.50 Lien Fee 1 afle (31) days whether or not a lier sale occurs) 0.00 Lien Foe 2 aftor 0 daye whother or not a lior eale oscure) $130 00 Lien Sale Fee S24.00 One Time Administrativa Fee (non-refundable) SAR 0 "Monthly Rant" (due onthe 1 of each month) 1. YOURRENTALTERM Your Rental Agrcement starts on the Rontal Datc YOURFEES AND CHARGES 2.1 and will continuc a3 a month-to-month lasc from the first day of cach 2. Your Payments to Us. 211 Due Date. Your Monthly Rent for each month is due on the first day of tha: month. If your Rental Date is not the first day of the month, you will pay the full Monthly Renton or before the Rental Date and tha: payment will cover the frst 30 days of occupancy in Your Space (but not beyond he last day of the second month). For any balance of tha second month. you will pay one thirtieth ofyour Monthly Rent for each remaning day in the second month. but not to total more than the Monthly Rent (e.g. if your Rental Date is March 15, your first payment will cover 05022017 Page 1

Explanation / Answer

Following are the important terms and conditions of the contract which require an initial from the customer (lessee) may not be fully understood at the time of signing of the agreement but may be realized later on:

Apart from these provisions, there are other provisions which may need to be read thoroughly to gain a full understanding. These clauses are:

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