Thread: How long do you keep facility records for moved out and auctioned tenants?

We have grappled with this for a while now and have settled on the following:
Moved Out tenant records are discarded at the end of the year.
Auctioned tenant files are boxed and saved for three years.
What's your practice?

I am going through old records now. I am cleaning up the office. I was wondering the same thing. My thinking is moved out tenant leases 3 years as someone can only sue up to two years. The extra year is just a buffer. Lien sale I think I should keep for 7 years as they are sent to collection after sale. The collection agency will try to collect that long.

I keep everything for seven years and then shred it for disposal. I know it's rather redundant but that's my nature. It doesn't take up much room.