Your contract must spell it all out for you in plain terms, and they will give you all that information in the notice of default, or you can simply call them and ask.
The owners actually have a lien on your property from the moment you store it in their self-storage unit until you remove it.
That said, you can also consult: "Virginia Self-Service Storage Act."
Title 55, Chap. 23, §55-419 (enforcement of lien).
It requires them to give you 20 days notice of sale (by certified mail) after you have been in default for 10 days, at which time they can sell your possessions. So, on the specified day, no less than thirty days after payment was due, they can sell your stuff, if they have notified you properly (of the default and of the sale) and you failed to pay.
Additional details at the site linked, or similar you might search for online.
How much down and what are your monthly payments
It means that you have to make monthly payments on your house.
Yes, we accept monthly payments for our services/products.
The difference in frequency between monthly and semi-annual CD coupon payments is that monthly payments occur once a month, while semi-annual payments occur twice a year.
The total amount of monthly credit card payments is the sum of all the payments made towards credit card bills in a month.
In accounting, 'arrears' refers to debt that is overdue. For example, if someone were making monthly child support payments and skipped a month but paid the rest, the skipped payment would be considered 'arrears'.
How much down and what are your monthly payments
Generally the payments remain the same, except the whole amount goes to the arrears.
It means that you have to make monthly payments on your house.
Yes, we accept monthly payments for our services/products.
Arrears
The difference in frequency between monthly and semi-annual CD coupon payments is that monthly payments occur once a month, while semi-annual payments occur twice a year.
The total amount of monthly credit card payments is the sum of all the payments made towards credit card bills in a month.
In that case you have three monthly mortgages payments.In that case you have three monthly mortgages payments.In that case you have three monthly mortgages payments.In that case you have three monthly mortgages payments.
Monthy payments are payments you make every month, like a house payment, loan payment, water, electric, gas (for heating), phone, insurance if you pay monthly, etc.
Large principal payments do not reduce monthly payments. Monthly payments are typically fixed based on the loan amount and interest rate, so making a large principal payment will not change the monthly payment amount. However, paying off a large portion of the principal can help reduce the total interest paid over the life of the loan and shorten the loan term.
Yes, if you default the monthly payments.