Colorado Self Storage Lien

The lien attaches as of the date the personal property is brought to the self service storage facility and continues so long as the owner retains possession and until the default is corrected or a sale is conducted or the property is otherwise disposed of to satisfy the lien.

Colorado self storage lien.

The lien law code or statute of the state of colorado use for information purposes only and is not intended nor to replace professional legal consultation. Storage auctions state lien laws before listing an auction online each facility must conform to the lien laws that apply. Seq c r s all storage facilities must post a visible notice. Colorado self storage liens title 38.

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. Self storage facilities liens. Colorado self storage association 9457 s. 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.

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. 2016 colorado revised statutes title 38 property real and personal liens article 21 5 self service storage facility liens 38 21 5 103. 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. 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.

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. Property real and personal liens article 21 5. 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.