Wisconsin is one step closer to improving its self-storage lien law. Assembly Bill 707 made it through the Assembly Committee on Jobs, the Economy and Small Business without opposition last week. AB707 significantly improves self-storage lien-sale notification procedures, supports facility operators with a value-limitation measure, and limits exposure to litigation involving non-tenants. The measure also redefines what constitutes a reasonable auction sale as one that includes three or more bidders.
Lisa Chiappetta, member of the national Self-Storage Association’s board of directors, has been instrumental in promoting the legislation. Wisconsin is one of several states working to improve obsolete self-storage lien laws during the 2010 session.
Resolving Self-Storage Defaults and Avoiding Lien Sales
Self-Storage Operators BEWARE: Wrongful-Sale Scam!