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

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Multi-State
Control #:
US-01022BG
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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

No person shall operate a warehouse or engage in the business of storing personal property for a compensation, or hold himself out as being in the storage or warehouse business, or as offering storage or warehouse facilities, or advertise for, solicit or accept personal property for storage, without a license issued by ...

Under current Indiana law, storage unit renters are granted 30 days after missing a payment before the owner can place a lock on the unit and seize the property stored within. Once the default extends to 90 days, the storage owners can auction off the contents of the unit.

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.

Storage facilities must evict any person they find living on the premises to comply with the law and most insurance policies. ing to Illinois State Code 770 ILCS 95/7, ?No occupant may use a self-service storage facility for residential purposes.?

A new law in Indiana, House Enrolled Act 1621, will now permit storage facilities to seize a storage unit after just five days of delinquency. It also authorizes a storage auction to be held within 60 days. Hoosier State Governor Eric Holcomb signed the bill this week, which goes into effect July 1, 2023.

Beginning on July 1, House Enrolled Act 1621 will accelerate these grace periods and lead to quicker seizures and shortened timeframes before auctions. Under the new law, storage companies will be able to seize the renter's unit only five days after a missed payment and send the items to auction after 60 days.

The owner of a self-service storage facility and his heirs, executors, administrators, successors, and assigns have a lien upon all personal property located at a self-service storage facility for rent, labor, or other charges, present or future, in relation to the personal property, and for expenses necessary for its ...

PERSONAL PROPERTY STORED IN OCCUPANT'S SPACE WILL BE SOLD OR OTHERWISE DISPOSED OF IF NO PAYMENT HAS BEEN RECEIVED FOR A CONTINUOUS THIRTY-DAY PERIOD AFTER DEFAULT.

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