Episode Show Notes / Description:

• Topic: Can You Charge Storage Fees for a Vehicle in Order to Get a Title?
• Many clients ask if they can charge storage fees for a vehicle left on their property and claim ownership after accumulating fees.
• Key Point: Charging storage fees is not the proper way to gain ownership of a vehicle, and doing so improperly can actually waive your rights to the vehicle.
• Legal Overview (Illinois Law Example):
  • The Illinois Code states that before charging storage fees, you must notify the vehicle owner or lien holder in writing via certified mail.
  • Notification Requirements:
    • Must inform them before starting to charge fees.
    • Allow them to inspect the vehicle within two days of notice.
  • If these requirements are not followed, storage fees cannot be charged, and the owner or lien holder is entitled to reclaim the vehicle without paying the fees.
• What Happens If You Don't Follow the Law:
  • Failing to notify the owner before charging storage fees can lead to legal action.
  • The owner can sue for possession of the vehicle in circuit court without paying storage fees.
• When Charging Storage Fees Could Be Legal:
  • Only licensed auto facilities (e.g., body repair shops or tow companies) can charge storage fees if they have a signed contract with the vehicle owner or were instructed to tow the vehicle legally (e.g., by the police).
• Alternatives to Charging Storage Fees:
  • If your goal is to obtain a title for a vehicle, there are legal methods like bonded titles, magistrate titles, and vehicle title transfers (VT) that are more effective and lawful than charging storage fees.
  • Storage fees should only be considered as a last resort after all other title options have been explored.
• Free Resources Available:
  • Our website offers free, detailed instructions for obtaining a title legally without resorting to storage fees.
  • If you prefer assistance, we also offer title services for a fee, but you can do it yourself for free with our guidance.
  • Consultations: Schedule a consultation with a licensed title agent to discuss your specific case.
• For more information and resources, visit our website and check out more videos on similar topics.