Storage Auctions

The Other Side of the Fence => Storage Facilities => Topic started by: ARKDEAN on December 17, 2011, 11:43:17 AM

Title: At what point does the units contents become property of the storage company?
Post by: ARKDEAN on December 17, 2011, 11:43:17 AM
This is a very important question.

Most say when SOLD is said...

Are we sure of that?
Title: Re: At what point does the units contents become property of the storage company?
Post by: alloro on December 17, 2011, 11:47:57 AM
It never becomes the property of the storage company. It's the property of the person that leased the storage unit, then it becomes the legal property of the high bidder at the auction.
Title: Re: At what point does the units contents become property of the storage company?
Post by: Cobia on December 19, 2011, 08:21:38 AM
It never becomes the property of the storage company. It's the property of the person that leased the storage unit, then it becomes the legal property of the high bidder at the auction.

Not so fast! In my state the facility owner is not required to auction of the contents of storage units. Once they have met all the legal requirements, they can take possesion of the contents. This is how some facilities in my area do and are known for going through units and taking the good stuff out. They take possession one month and then auction it off the next month.
Title: Re: At what point does the units contents become property of the storage company?
Post by: bwd111 on December 19, 2011, 10:55:37 AM
Not so fast! In my state the facility owner is not required to auction of the contents of storage units. Once they have met all the legal requirements, they can take possesion of the contents. This is how some facilities in my area do and are known for going through units and taking the good stuff out. They take possession one month and then auction it off the next month.
Same here in my state! And it's legal if the storage companys goes through the unit due to its theres property nowand they choose to dispose to there choose.
Title: Re: At what point does the units contents become property of the storage company?
Post by: monkeybusiness on December 19, 2011, 10:49:14 PM
Ditto!!