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7 Steps to Lien-Sale Success: Avoiding Wrongful-Sale Liability in the Self-Storage Auction Process
['Ashley Oblinger', 'Senior Attorney', 'Weissmann Zucker Euster', 'Katz P.C.']
insideselfstorage
Your state self-storage act specifies each step that must be followed to sell the property of a delinquent tenant.
The time to categorize a delinquent tenant as being in default is usually defined within the state’s self-storage act.
The answer depends on the language in your state self-storage act.
In some cases, it begins after the lien notice is sent; in others, it begins after receipt.
Additional Advice: Follow Formal ProceduresThe best self-storage lien sale is the one that doesn’t happen, but if you must go to auction, do it right.