Legal Definitions - Storage lien

A storage lien is a type of security interest that can be obtained by a person or company that provides storage services for someone else's property. If the owner of the property fails to pay for the storage services as agreed, the lien holder may be able to keep possession of the property until the debt is paid.

For example, let's say that John owns a storage facility and Jane rents a unit to store her furniture. If Jane fails to pay her monthly rent, John may be able to place a storage lien on her furniture. This means that he can keep the furniture until Jane pays the amount owed.

Another example could be a car that is left at a mechanic's shop for repairs. If the owner of the car fails to pay for the repairs, the mechanic may be able to place a storage lien on the car and keep it until the debt is paid.

These examples illustrate how a storage lien can be used to protect the interests of the person or company providing storage services. It gives them the right to hold onto the property until they are paid for their services, which helps ensure that they are not left with unpaid debts.