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If you want to create extra space in your home, placing items in self-storage is an excellent way to do it. You may want to store your outdoor furniture during the winter months, or your winter clothing in the summer. Using self-storage means you can still keep items which you will need to use again but they do not have to remain in your home during any period when you are not using them.

Using a professional facility means that you can ensure your belongings are kept under lock and key and that you have access to them when you need them. All of that is great, but what happens if you do not keep up with your self-storage payments? We are going to take a look at what can happen if you do not pay.

What happens if you miss self-storage payments?

The most important thing to remember, when it comes to
payments for self-storage, is that you need to make sure you know exactly what
your responsibilities are. Before you sign any self-storage contract, you
should know:
The amount you need to pay.
When it needs to be paid.
After how many days your payment will be
considered late.
What the process is when you do not pay.
Are there any additional associated costs if
action is taken when you do not pay?
You may not think all of this information is all that
important if you think you can easily meet the self-storage fees; but you never
know what the future holds. It’s always best to know exactly where you stand.

Realizing you cannot pay

If there comes a time when you cannot pay the agreed
self-storage fee you should always get in touch with the self-storage facility
and see if you can make an arrangement. You should never just ignore the
problem and hope it goes away. If you do not make payment and do not get in
touch, the facility has the right to seize your belongings and sell them at auction. This is because a lien is put on your items when you sign a
self-storage contract.

What is the auction process?

Self-storage professionals do not just seize your items as
soon as you miss a payment of your self-storage fees. They always try and make
contact as soon as the problem arises. Processes do differ slightly, depending
on the state and the storage facility, but you can usually expect the process
to run something like this.
•    Late payment date is reached (this is the date
stated in the contract and is usually between five and thirty days after the
payment was due).
•     Self-storage facility writes to the person who
is renting the storage unit (This can be by letter through the mail or by
•      If there is no response at least two
notifications of intent to auction are posted.
•      If there is still no response the auction takes
As you can see, you should have plenty of opportunity to
contact the self-storage facility regarding the situation. It’s worth noting
that once the late payment date has been reached you will not normally be able
to access the self-storage unit you have rented without paying the money that
you owe.

What happens after the auction?

Once the auction has taken place any money that is owed is
taken from the money raised. There may also be associated costs, such as a fee
for accessing the unit and auction fees. If there is any money left the
self-storage facility will contact you to make payment. If there is not enough
money made to cover the costs then this debt will usually be entered against
your credit record.
You are able to pay the money you owe at any time before the
auction takes place but you cannot buy back items after the auction. If you
find yourself in a position where you cannot pay your self-storage fees then
you should always contact the facility. They are more likely to be sympathetic
to your plight if you are being co-operative.