How do these abandoned storage locker auctions work?
Discussion
Ignoring the ones in the US of, I was wondering how these work in law in the UK? If I recall correctly as an individual and you incur unpaid storage costs after giving certain notices and warnings you can sell the items to recover your costs BUT I believe any excess must be returned to the original owner. I'm assuming there is something in the terms and conditions that allows them to sell the contents in certain circumstances.
On some auction shows you see someone buying a container for a few hundred quid and when they get into it there's a classic car in the back worth £30,000 or more. Why don't they have to offer the value over the debt back to the owner? How can it be morally and legally right that the owner loses an expensive car for the sake of a few hundred? It's often said on here that you cannot just apply for the logbook on a car you've found abandoned somewhere. It doesn't seem very different.
Should I be running for cover?
On some auction shows you see someone buying a container for a few hundred quid and when they get into it there's a classic car in the back worth £30,000 or more. Why don't they have to offer the value over the debt back to the owner? How can it be morally and legally right that the owner loses an expensive car for the sake of a few hundred? It's often said on here that you cannot just apply for the logbook on a car you've found abandoned somewhere. It doesn't seem very different.
Should I be running for cover?
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