StorageTreasures.com has three different Auction Types available for you to bid and win. It is important to understand what they are! Read the details of the three types below to ensure you are a Pro when choosing the auction for you.
1) Lien Unit
The majority of units on ST are Lien Units.
Storage operators post a Lien Unit auction after a tenant has failed to pay rent to recoup their losses. The storage operators must follow their State Lien laws in order to auction the storage units of delinquent tenants. All auctions on StorageTreasures.com are Lien Units unless otherwise marked at the top center of the auction page.
2) Non-Lien/Manager's Special
Non-Lien Unit/Manager Special auctions are posted by Storage Operators and Private Sellers.
A Storage Facility could post a Non-Lien/Manager Special when a tenant agrees to abandon and sign over their rights to the unit contents to the facility. The storage facility can also post this type of auction when items are left behind by tenants vacating their units or the facility wishes to sell items they no longer need or want. There is no lien on the unit contents.
A Private Seller is an individual or business entity with no affiliation to a storage facility. Private Sellers post ONLY Non-Lien Unit/Manager Special auctions. We have seen a lot of great resellable and collectible merchandise in Private Seller auctions.
*A NON-LIEN UNIT/MANAGER SPECIAL is clearly marked top center of the auction page.
A Charity Unit is an auction conducted in participation with Charity Storage. StorageTreasures is a Preferred Partner of Charity Storage. Charity auctions are donated treasures from bidders, auction winners, tenants and community members. If you win a Charity Storage auction on StorageTreasures.com, the proceeds of the sale benefit the following:
- 60% of the funds go the storage facilities charity of choice
- 20% goes to Kure It Cancer Research
- 10% to the Self Storage Association Scholarship Foundation
- 10% to administration fees
*Tip: A StorageTreasures’ invoice is your charitable contribution receipt.
This is the only auction that StorageTreasures collects 100% of the funds, excluding sales tax and the cleaning deposit.
A CHARITY UNIT is clearly marked top center of the auction page.
*All auctions are provided on a “AS IS” basis. No guarantees or warranties of any type or kind are expressed or implied.