Re: Re: Re: Turned Off on Texas: Protect Yourselves

Posted by paul on May 24, 2002 at 06:35:25 from (199.3.9.7):

In Reply to: Re: Re: Turned Off on Texas: Protect Yourselves posted by Ryan on May 24, 2002 at 05:34:36:

Have you considered the business implications? What if someone vandalizes the trailer you are storing? What if the owner sues you for damages since you were 'controling' the wagon? Your insurance would have to deal with that (if you are covered - you may have to deal with it personally out-of-pocket), win or lose, there are court fees. What if you were a business, and you had 20 implements 'stored' there, all of them with this possiblity?

What if a kid comes & plays on the wagon, falls off & breaks his leg? The parents can sue _you_ right now, and the kid can sue _again_ when he turns 18 (21? I'm not a lawyer...). Right or wrong, you will be responsible for defending yourself. And there _are_ enough knuckleheads in this world to make this a real threat.

So, you have a 10 acre salvage yard. It's about full of salvage items. (That is common _here_. Does this apply to _your_ case? I donno - I can only base this on my observations.) And you end up with 20 implements that are paid for, but no one has picked up for a year. That's room for 20 things you could offer to sell - but the space is occupied. You have a lost oppertunity to sell stuff, because your property is occupied.

Some locations (rarer in these types of businesses) are assessed taxes of various forums based on the amount of assets they have. Whatever is sitting there - your property too. Insurance rates _will_ apply to all inventory tho - that will cost all of them money.

All of the above costs a dealer/ junk yard money. It is certainly, clearly, only natural, for a business to charge rent on long-term storage. They have clear costs in storing your equipment, inside or outside.

Talk this over with a lawyer or insurance agent - you might seriously reconsider storing other people's property for free! You are exposed with a risk in this.

It's just not a good idea to leave personal property on someone else's land without a clear contract outlining responsiblities, timetables, and storage fees. Possesion truely is 9/10's of the law - and that applies both possitively & negatively to the person with possesion. You will, and should be, charged for exposing them to these dangers & costs.

--->Paul

Follow Ups:

• Re: Re: Re: Re: Turned Off on Texas: Protect Yourselves Ryan 15:19:08 05/24/02 (1)
  • Re: Re: Re: Re: Re: Turned Off on Texas: Protect Yourselves paul 15:29:19 05/24/02 (0)

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