There are businesses that specialize in providing space for people to keep their belongings for an extended period of time. There can be a few different reasons why someone would want to do this. They could be moving into a new home, but are delayed and need somewhere to keep things. There are those who have lost the space they were living in, but want to store items they want to keep. Then there are those who have too much stuff and they need a place to keep the overflow. However, a lot of people in the recent recession have found it hard to keep on paying the bill. When this happen the self storage facilities may decide to auction off the contents in a shed to recoup money that should have been paid in rent.
A company can decide that they must take some sort of action to get the money they are owed. This usually means that they will go to court to obtain a lien that allows them to take control of the contents in a storage unit. However, the law will usually make them wait for some time to pass before they are eligible to take this action.
The law will usually guide the actions of a business once a lien has been placed against a renter. Normally some type of direct notice is required to be given to the defendant in the court case. One might have to prove that they sent the notice if the case moves into a courtroom. The best way to do this is by having the person who is receiving the notification sign for the delivery of the letter.
Many companies prefer to wait a little while before they start the process of selling things. They generally just want to get paid for the back rent they are owed and do not want to go through this lengthy ordeal. If the renter comes in and pays, most companies will stop the proceedings.
There are times when even after all this takes place the person who rented the space still does not come in and pay what they owe to the company. The business is losing money in to ways. They are not getting the rent agreed upon and they cannot rent the space out again with the things in there. At this point one can expect them to advertise that thy will be selling the items to recoup money and free the space up.
There are generally three ways bidding will be conducting. There is the sealed bid where one can glance into the unit that is being sold off. One cannot actually rummage through anything to get a close look. A bidder will place their offer in an envelope that is sealed and opened at a specified time.
Another method is by having an auctioneer show items and accepts bids from people in the audience. The least favored way is the blind auction. Here a person is essentially shown a door and asked what they are willing to pay for what maybe behind it. In some cases, the stalls might be completely empty.
People seek out self storage units to place possession for many purposes. Unfortunately, some may find that they cannot afford to keep on paying the rental costs. When these situations arise, a self storage company may decide to take control of these possessions and auction them off to people willing to bid on the items.
A company can decide that they must take some sort of action to get the money they are owed. This usually means that they will go to court to obtain a lien that allows them to take control of the contents in a storage unit. However, the law will usually make them wait for some time to pass before they are eligible to take this action.
The law will usually guide the actions of a business once a lien has been placed against a renter. Normally some type of direct notice is required to be given to the defendant in the court case. One might have to prove that they sent the notice if the case moves into a courtroom. The best way to do this is by having the person who is receiving the notification sign for the delivery of the letter.
Many companies prefer to wait a little while before they start the process of selling things. They generally just want to get paid for the back rent they are owed and do not want to go through this lengthy ordeal. If the renter comes in and pays, most companies will stop the proceedings.
There are times when even after all this takes place the person who rented the space still does not come in and pay what they owe to the company. The business is losing money in to ways. They are not getting the rent agreed upon and they cannot rent the space out again with the things in there. At this point one can expect them to advertise that thy will be selling the items to recoup money and free the space up.
There are generally three ways bidding will be conducting. There is the sealed bid where one can glance into the unit that is being sold off. One cannot actually rummage through anything to get a close look. A bidder will place their offer in an envelope that is sealed and opened at a specified time.
Another method is by having an auctioneer show items and accepts bids from people in the audience. The least favored way is the blind auction. Here a person is essentially shown a door and asked what they are willing to pay for what maybe behind it. In some cases, the stalls might be completely empty.
People seek out self storage units to place possession for many purposes. Unfortunately, some may find that they cannot afford to keep on paying the rental costs. When these situations arise, a self storage company may decide to take control of these possessions and auction them off to people willing to bid on the items.
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