When Your Asset’s Being Held Hostage Under the RSLA

It’s a scenario we see far too often: your financed vehicle or equipment has been towed, maybe after a breakdown or an accident, and suddenly it’s sitting in a yard racking up daily storage fees. You call to arrange pickup… and the storage facility or repair shop drops a number that makes your jaw hit the floor. 

This is where Ontario’s Repair and Storage Liens Act (RSLA) comes into play – and not always in your favour. Under the RSLA, the party holding the asset can demand payment for “reasonable” towing, repair, and storage charges before releasing it. The problem? “Reasonable” can turn into “ridiculous” in a hurry. 

As the PPSA lienholder, you still have a legal right to your asset – and we help you enforce it. Through Section 23 or Section 24 applications, we can challenge inflated charges, negotiate them down, and get an order for the vehicle or equipment’s release without paying a ransom-level bill. 

The sooner you act, the more leverage you have. Delay means more “storage” days added to the tab and less room to negotiate. 

If your asset’s being held hostage under the RSLA, contact us today. We’ll help you cut the daily costs, get your equipment or vehicle back, and make sure “reasonable” actually means reasonable.