Colorado Self Storage Auction Laws

Changes in co storage lien laws on august 10th a new self storage lien statute took effect in colorado.

Colorado self storage auction laws.

Sellers are charged only if an auction is canceled. Colorado self storage association 9457 s. The act modifies the law governing the statutory lien that an owner of a self storage facility has for the occupant s late payment of rent or other charges by. It is the responsibility of the seller you to verify and conform to the state lien laws in which your properties governing jurisdiction is defined.

The old statute which was passed in the 70 s had become obsolete and needed updating. Storage auction kings has been voted best live auction service for 2019 for the three consecutive years in a row by the readers of inside self storage. The bill was sponsored by senator lois tochtrop and house representative tom massey. According to the ssa the savings to colorado self storage operators as a result of the new law will be between 1 3 and 2 million.

Storage auction kings are proud members of the national auctioneers association colorado auctioneers association and the colorado self storage association. Bill summary self storage facilities liens. Any of our 41 self storage facilities across colorado could have units eligible for online auction. The first senate hearing for the bill took place at the end of january.

Specifically including late fees in the lien. Bid now on self storage auctions happening in colorado. Storage auctions state lien laws before listing an auction online each facility must conform to the lien laws that apply. 7 self service storage facility means any real property designed and used for the purpose of renting or leasing individual storage space to occupants who are to have access to such facility for the purpose of storing and removing personal property.

The colorado self storage association cossa in conjunction with the national self storage association ssa proposed an update to the statute. At any time there could very well be an abandoned unit up for bids near you. This offer is available to those whose legal right it is to liquidate abandoned property that has been stored within a facility they own or manage. No occupant shall use a self service storage facility for residential purposes.