Understanding Self Storage Auctions VA in Virginia State

Self storage auctions in Virginia are a unique and often misunderstood phenomenon. In Virginia, self storage facilities are required by law to hold public auctions for units that have been abandoned or left unpaid by their renters.

These auctions are typically held on the facility's property and are open to the public. Interested bidders can attend and bid on the contents of the unit, with the winner taking possession of the items.

The process of self storage auctions in Virginia is governed by state law, which requires facilities to follow specific procedures when holding auctions. This includes providing notice to the public and to the unit's owner, if known.

In Virginia, self storage facilities are required to hold auctions for units that have been abandoned or left unpaid for 30 days or more.

In Virginia, self storage auctions are a common practice. The auctions are open to the public and there are no sealed bids.

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The contents of the units are sold in their entirety, and winning bidders are fully responsible for removal of the entire contents of the purchased unit. Failure to do so will disqualify the bidder from participating in future auctions.

A $100.00 CASH cleaning deposit is required at pick up and will be returned once the unit has been verified vacant and clean.

You must secure your unit with your own padlock. Once the units are purchased, they may not be left unlocked if they are unattended. Padlocks are sold in the office if one is needed.

Winning bidders will be given 48 hours to remove the items from the storage unit. Additional time may be discussed with Property Manager.

ALL SALES ARE FINAL.

Virginia law requires that self storage facilities provide a notice of sale to the tenant at least 14 days prior to the auction date.

In Virginia, self storage auctions are governed by state law, specifically the Virginia Self-Service Storage Facility Act.

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Renters in Virginia have 30 days to pay their outstanding rent and fees before the facility can hold an auction.

Self storage facilities in Virginia are required to provide a detailed list of the items being sold at the auction, which must include a description of the items and the estimated value.

Auction winners in Virginia must pay for the items they win within 24 hours of the auction, and the facility can charge a late payment fee if payment is not made on time.

The Virginia Self-Service Storage Facility Act also requires that facilities provide a written notice to the tenant of any changes to the facility's policies or procedures.

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