Iowa Notice of Sale to Satisfy Lien of Self-Service Storage Facility

State:
Multi-State
Control #:
US-01022BG
Format:
Word; 
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Description

A self-service storage facility has been defined as "any real property designed and used for the purpose of renting or leasing individual storage spaces to occupants who are to have access to such for the purpose of storing and removing personal property." Such a business has generally acquires a statutory lien on the stored property for unpaid storage costs.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine

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FAQ

What is the Illinois law for storage units? The Illinois Self-Service Storage Facility Act requires a 14-day written notice before selling tenant's items at an auction.

If you don't pay within 15 days from the date the notice is sent, the storage company may publish or post notice of the sale of your property to the public. Published. Legal notice of sale published once in each of 2 consecutive weeks in a newspaper in the county where the storage unit is located.

No. Living in a storage unit is prohibited by various local and federal housing laws. Storage facilities must evict any person they find living on the premises in order to comply with the law and most insurance policies.

Self storage investment is a form of real estate investment where you invest your funds in self storage facilities and earn a return by rental income from the storage units. Your customers can be individuals or small and medium-sized businesses.

Storage Unit means a semienclosed or fully enclosed area, room, or space that is primarily intended for the storage of personal property and which shall be accessible by the renter of the unit pursuant to the terms of the rental agreement.

Self storage (a shorthand for "self-service storage," and also known as "device storage") is an industry that rents storage space (such as rooms, lockers, containers, and/or outdoor space), also known as "storage units," to tenants, usually on a short-term basis (often month-to-month).

Self-Storage Unit means premises that consist of individual enclosed compartments for storing goods or materials (other than hazardous or offensive goods or materials).

Each storage facility may offer one, two of three of the following types of self-storage: inside storage, outside storage, and drive-up storage.

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Iowa Notice of Sale to Satisfy Lien of Self-Service Storage Facility