Asked 2/24/2011
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Repo of storage shed All questions concerns --repos of vehicles what about these rent to own storage sheds |
Answer 1/6 - Submitted 2/24/2011
When you rent a storage unit from a company like Public Storage, and you don't pay your rent, they can repossess everything in that unit. If you read the contract very closely, you will find the information pertaining to repossession if rent isn't paid. By law, once they repossess your property, they can auction it off to the public.
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Answer 2/6 - Submitted 2/24/2011
Hi, sandymickey, and welcome to WebAnswers.
I have addressed the details of this issue on your more recent question regarding this issue.
While a storage facility in which you rent space at a remote location is covered by the laws of most states, a portable utility building "lease" is an adhesion contract which is typically pretty one-sided, if not otherwise unconscionable. Unfortunately, there are very few laws that govern such contracts.
Please refer to your other question for more details.
Thank you for choosing WebAnswers as your sourceĀ.
Answer 3/6 - Submitted 12/7/2011
Answer 4/6 - Submitted 12/8/2011
If you were up to date on your rental fees, no, they shouldn't have repoed the unit.
If you were delinquent in your rental payments, that's another story. Your rental contract should have the terms of the rental defined, and most portable storage companies do have repossession provisions in their contracts.
Answer 5/6 - Submitted 2/7/2012
I had a storage unit in my back yard. I rented my home to a 'friend' who damaged the storage shed. The 'friend' replaced the shed with a much better unit, to which I compensated my friend for about half the price. This was two years ago. The 'friend' said that they paid it off.
Today I come home and the storage unit is gone. I find out that he may not have paid the unit off. The friend did not have any belongings in the shed.
I never signed a contract and the guy that bought the storage unit and might have a contract/obligation does not own/lease/rent the land/property the storage unit was on.
IF the storage unit was repossessed, was it legal and who now owns the contents of the storage unit?
The storage unit was purchased in Tennessee, but was located in Mississippi when it was repossessed.
Answer 6/6 - Submitted 4/18/2012
They come out with a regular toe truck and hook to the storage building with a special kind of fork. You can't hide the storage shed and you can expect that if you don't work out some payment plan with the finance company, you will be getting the storage shed repoed. The worst part about it is, you will find out they don't alert you in any way. They will simply come and get the storage building without your permission. They do not need permission to come on your property because they have the legal right to repo the shed no matter who's property it's on.
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