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Commercial Storage Facility Auctions — Compliance & Buyer's Premium

How abandoned storage unit liquidations work under Quebec self-storage statutes, including the standard 5% buyer premium and notice-period requirements.

June 30, 20265 min read

Statutory notice window

Quebec self-storage statutes require a 45-day notice window before abandoned-unit liquidation. BidVex stamps every storage listing with the lien-notice date so buyers can verify compliance.

Buyer's premium

Storage-unit auctions carry a flat 5% buyer's premium that funds the platform — the facility keeps 100% of the hammer price.

Settlement

On hammer close, the buyer's payment is captured immediately and the facility issues a pickup window (typically 48 hours).