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Today’s self-storage managers and owners must deal with a number of legal challenges including but not limited to: 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 vehicles. Watch this page for ongoing insight.
Many customers seek self-storage when they have a disruption in their lives. Once they become one of our renters, there are three situations that can seriously impact our business: The tenant dies, gets divorced or disappears. The following...
Many self-storage operators are enjoying record occupancies, which means having an up-to-date rental agreement has never been more important. A well-written lease will protect your business against unnecessary lawsuits. Here’s how to draft one.
Just because you own a self-storage property doesn’t mean it can’t be taken away from you by force. This article explains the government’s right to exercise eminent domain and offers pointers for the facility owner whose facility is targeted.
Pennsylvania Gov. Tom Wolf signed House Bill 1103 (HB 1103) into law on Nov. 3, which will allow self-storage operators to advertise lien sales on online-auction websites in addition to a newspaper of general circulation. The measure also...
While Great Britain mourns the death of Queen Elizabeth II, the end of her 70-year reign can serve as an important reminder to self-storage owners and investors about the critical roles legacy planning, succession and an exit strategy play in...
Finding out that one of your self-storage tenants has filed for bankruptcy can be jarring and confusing. What do you do? The law in this area can be complex, and as a creditor, there are many rules you must follow. Consider this guidance to...
Self-storage is meant for storing stuff, not people; yet some renters will spend hours hanging out at the facility or even try to live in the space. This unsafe behavior can lead to liability for your business, so you must shut it down. Here’s...