Notice of Storage Lien
An essential first step when goods are put into storage by someone other than the owner, this notice of storage lien informs owners and other lien holders that goods are being stored and that charges are accruing
Whose it for?
- Storage Facilities
- Tow Yards
- Marinas
When is a Notice of Storage Lien used?
The notice must be issued within a certain amount of time after the goods are deposited into storage. All provinces require notice to be issued within 60 days, however, registered vehicles in Ontario require notice within 14 days.
Why is a Notice of Storage Lien used?
If goods are deposited into storage by someone other than the owner notice must be issued to avoid storage charges being restricted to a certain period of time (typically 60 days).
What is the next step?
If the notice of lien does not result in the matter being resolved, storers can proceed with issuing a notice of intention to sell to start the legal process towards the sale of the stored goods.
What does it look like?
Your document will vary based on your entries
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