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Old 03-14-2008, 12:30 PM
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Default Lien Sale Rules & Release of liability

I listened to Jeff's Lien Sale Rules webinar and am putting together a set to send to our attorney as a base. Has anyone come up with lien sale rules that they would be willing to share? I would like to get as many ideas as possible before I send it to the attorney.

I also need a Release of Liability pronto. I just sent out our pre-lien notices along with a letter saying that they could come in and pay half and get their stuff out. I need to have a Release of Liability ready if someone takes us up on it. I am writing my own, but again would love to look at other facilities to see their wording and what they include.

Thanks,
Kim
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Old 03-14-2008, 05:19 PM
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Default Lien Sale Rules

Jeff,

In the handout from the Lien Sale Rules webinar, you have a paragraph that says "The parties acknowledge the validity and sufficiency of the consideration provided in advance of the bidder entering the Self-Storage facility today as good, valuable and sufficient consideration for the purposes of executing this release."

Would you explain what this means? Specifically, what is the "consideration" provided?

Thanks,
Kim
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