The online auction scheduled for September 11th, 2012 at 1:07PM PST will be held online only, and can be accessed via http://www.calauctions.com. Since this is an abandoned property auction, being held for the landlord of the space, great deals on the equipment are sure to be had.
Abandoned Property Auctions (Civil Code 1988 and 1993.07) occur in California when a tenant leaves a rental space and they leave possessions behind, the landlord or property manager has a legal obligation to dispose of the personal property properly. The property that is left behind is considered "abandoned property" which can range from a few items to thousands of dollars of goods. In order for landlords to clear the rental space, California Law provides a specific procedure that must be carried out to legally remove the items from the space and re-lease it.
If abandoned property is mishandled, the consequences can be very costly to the landlord. In order for landlords to protect themselves, it is recommended to have an unbiased professional auctioneer conduct the inventory and public sale of the abandoned property.
Cal Auctions is Southern California's premier online auction company serving San Diego, Orange County, Los Angeles, and Riverside. To participate in one of Cal Auctions online sales, please visit the webpage at http://www.calauctions.com and join the newsletter. We send out reminder emails once a month to showcase upcoming auctions.