auction on multiple units same tenant

sdgr35
sdgr35 Registered User ✭✭
My tenant has 4 units, I use storage treasures online auctions. Do I have to do a separate auction for each unit?

Answers

  • ESS
    ESS Registered User, Daily Operations Certified, Advanced Operations Certified, Administrator Certified, myHub Certified ✭✭✭✭✭
    yes. each needs their own lien letter, each need to be individually listed in the newspaper (if your state requires), and each listed separately on storage treasures 
  • sdgr35
    sdgr35 Registered User ✭✭
    Thank you that's what I thought
  • teamcapitola
    teamcapitola Registered User, Daily Operations Certified, Advanced Operations Certified, Administrator Certified, myHub Certified ✭✭✭✭✭
    Each unit is a separate contract (even when/if linked in Sitelink)
    For instance, if someone has 2 units and one goes to auction for nonpayment, you can't take any outstanding balance after the auction and attach it to the remaining unit.

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