When does this car become mine?
Discussion
We have some cars that have been stored with us for the last 15 years, the guy who owned them payed for years up front but we have not heard of him for some years now . These cars are stored on my land and have been for a while, we have not heard from the cars owner for must be 5 years, he could even be dead now, is there any way I can claim them as my own or sell them? There are no keys or logbooks obviously, but they need to be moved
Matt99man said:
We have some cars that have been stored with us for the last 15 years, the guy who owned them payed for years up front but we have not heard of him for some years now . These cars are stored on my land and have been for a while, we have not heard from the cars owner for must be 5 years, he could even be dead now, is there any way I can claim them as my own or sell them? There are no keys or logbooks obviously, but they need to be moved
Are you owed money for storage? If so you can possibly claim ownership of the cars to settle that debt. Someone more knowledgeable will be along to confirm or deny that. If you have been paid for x years then I'd imagine you're under contract to store them for x years, regardless. If you need to move them you would probably be obliged to make alternative arrangements to store them for him.
If the 'x' years have run out, then I would think you would be obliged to make every reasonable effort to locate the owner.
If you really couldn't find them I guess you could probably sell them, but you'd have to be prepared to return the money to the guy at any future date I would think.
I would hire an actual lawyer before doing anything irreversible, personally.
If the 'x' years have run out, then I would think you would be obliged to make every reasonable effort to locate the owner.
If you really couldn't find them I guess you could probably sell them, but you'd have to be prepared to return the money to the guy at any future date I would think.
I would hire an actual lawyer before doing anything irreversible, personally.
davepoth said:
Are you owed money for storage? If so you can possibly claim ownership of the cars to settle that debt. Someone more knowledgeable will be along to confirm or deny that.
I'm not sure exactly but it must be 5 years overdue. I do not deal with the financial side so am unsure how much is owed, whats the going rate for storage?Matt99man said:
There's a merc sl, looks like from the 70s the other looks like its being held together by its cover, not entirely sure what it is but it does have half a old black number plate! What happens if the owner is dead?
The debt becomes his heir's. They may well choose to settle their debt to you by allowing you to keep the cars, if that is acceptable to you and they have no interest in old Mercs or piles of rust. Property lawyer advice is always superior to Internet forum advice on this sort of thing though.
I believe you can put a "Public Notice" in a local and a National newspaper stating the vehicle details and your own details saying that if no claim is made for the vehicles before 30 days from the date of the notice the vehicles will be disposed of to cover either outstanding or ongoing costs incurred as appropriate.
Might be best to seek legal advice on the correct wording applicable to avoid any backfires though.
Might be best to seek legal advice on the correct wording applicable to avoid any backfires though.
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