Colorado Self Storage Lien Law

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.

Colorado self storage lien law.

Self storage facilities liens. The self storage legal network in cooperation with the self storage association is excited to unveil its new affiliate and small operator plan. Each state has its own regulations. Colorado self storage association 9457 s.

This summary is not intended to be an all inclusive discussion of abandoned property law but does include basic provisions. Where a rental agreement as defined in section 38 21 5 101 6 is entered into between the owner and the occupant the owner of a self service storage facility and his or her heirs executors administrators successors and assigns have a lien upon all personal property located at the self service storage facility for rent labor or other charges present or future in relation to the. Specifically including late fees in the lien. Seq c r s all storage facilities must post a visible notice.

State colorado secretary of state 1700 broadway ste 200 denver co 80202 303 894 2200 state law allows owners of self service storage facilities to attach a lien to the property stored if a renter fails to pay the rent for a 30 day consecutive period. This membership plan has been designed specifically for the smaller self storage operator that is not a member of the national self storage association but is a member in good standing of a state self. Allowing the rental agreement to limit the aggregate value of the property that may be stored in the. It provides a simpler lien process for self storage spaces containing vehicles allowing the facility operator to tow the vehicle if rent goes unpaid for 60 days or more.

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. Abandoned property abandoned property self storage colorado. If an owner issues any warehouse receipt bill of lading or other document of title for the personal property stored the owner and the occupant are subject to the provisions of the uniform commercial code and the provisions of this. Laws for self storage lien sales are necessary to ensure the protection of both facility operators and customers.

Storage auctions state lien laws before listing an auction online each facility must conform to the lien laws that apply. Avoid legal complications by fully complying to your state s lien laws. You should check the state laws for updates. Self storage lien laws by state.