Navigating the complicated maze of self-storage legal issues confounds many self-storage managers and owners. With laws and regulations in constant flux, keeping up-to-date with the legal issues surrounding a self-storage business is paramount to its survival. Today’s self-storage managers and owners must deal with a number of legal challenges including lien sales and auctions, abandonment of goods and documents, changes in state legislation, tenant bankruptcy or death, collections, rental agreement validity, protection of tenant information, and the storage of boats, RVs and other vehicles. Operators must understand the lien-sale process and execute it correctly every time to avoid exposure to litigation. Self-storage associations are continually challenging dated city and state laws regarding lien sales, the notification process and other legal concerns to strengthen operator rights.
Congress Passes Credit Card Legislation
The U.S. Senate and House have passed historic credit card legislation. The bill, which contains sweeping new rules for the credit card industry, has been sent to President Barack Obama. The House voted 361-64 for the bill on Wednesday. The Senate had ...More
Senate Passes Bill Restricting Credit Card Practices
The Senate voted 90-5 Tuesday to rein in credit card increases and excessive fees. The House may also pass a measure Wednesday, putting the bill before President Obama by week's end. ...More
Legislative Improvements for AZ Self-Storage Pass House
A bill that will improve the lien statute governing self-storage in Arizona has passed the House of Representatives. ...More
Free Webinar Focuses on Self-Storage Properties in Financial Distress
The changes in the way financial institutions lend on commercial projects combined with the drop in value of many self-storage properties is causing some facility owners to be upside down in their loans. Those with a note coming due in the near future can learn about their ...More
Registration Opens for Inside Self-Storage World Expo, Washington, D.C.
Registration is officially open for the Inside Self-Storage World Expo in Washington, D.C., Oct. 5-8. ...More
Business Tenants Dropping Self-Storage Units
Hit hard by the economy, many self-storage business tenants have fallen behind on rent. The self-storage industry has seen fewer business tenants who can afford to rent a storage unit. These type of tenants often stored equipment, furniture and inventory. ...More
More Self-Storage Auctions in California's Bay Area
The number of self-storage auctions has increased in Northern California by 10 percent over the past year. ...More
House to Vote on Credit Card Legislation
The House will vote on legislation, dubbed the Credit Card Holders' Bill of Rights, Thursday. The legislation would rein in credit card practices, and eliminate sudden rate hikes and late fees. ...More
Locks Cut at Pax Self Storage in Baltimore, OH
Locks were cut off of 33 units at Pax Self Storage in Baltimore, Ohio, last week. ...More
Abandoned Records in Self-Storage: Whose Responsibility Are They?
The issue of abandoned records is becoming particularly sticky for self-storage operators as more of their commercial clients go out of business, leaving behind boxes of personal records and sensitive consumer information in their units. ...More