What is a lien fee on storage?

A lien fee on storage refers to a fee that a storage facility may charge if a customer fails to pay their storage bill on time. When a customer fails to make payment, the storage facility has the right to place a lien on the stored items, essentially claiming ownership of the items until the customer's debt is paid.

The lien fee typically covers the costs associated with the storage facility processing the lien, such as administrative expenses and paperwork. The exact amount of the lien fee can vary depending on the storage facility's policies and the specific situation.

If the customer fails to pay their overdue bill and the lien fee within a certain period of time (usually outlined in the storage facility's contract), the storage facility may sell the stored items at auction to recoup the unpaid fees.

It is important for customers to be aware of the lien fee policy of their storage facility and to make timely payments to avoid incurring additional fees and potentially losing their belongings.