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02/01/2018

Administrative charges for auctions

Uptown Mini Storage - Leslie Strickland

When outlining administrative charges for auctions in the lease, do you have to give specific amounts or can it just say the tenant will be charged administrative fees if their unit goes to auction?

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2 Comments

Kris in NC on Thursday 02/01/2018 at 04:12PM wrote:

It is my opinion that it should be spelled out. In the facilities that I've managed the contract always has the lien process/fees spelled out so there is no confusion and no 'but you said this, or you promised that...'

Kevin Leebrick on Saturday 02/03/2018 at 12:40PM wrote:

NC doesn't specifically lay out the dollar amount. If you are using the NCSSA lease 9b spells it out but essentially it's all reasonable fees associated with the auction are allowed to be recovered. We charge the following: $75 Auction Fee, $25 Lock Cut Fee and a $10 UCC fee.

Disclaimer: The opinions expressed in the comments shown above are those of the individual comment authors and do not reflect the opinions of this organization.