Legal Definitions - live storage

Live storage refers to the temporary keeping of an item that is regularly and actively used by its owner or operator. It implies that the item is readily accessible and expected to be retrieved and used again in the short term, rather than being put away for a long, indefinite period.

Here are some examples to illustrate the concept of live storage:

• Imagine a small business owner who parks their company car in a dedicated spot at a commercial parking garage every workday. The car is used daily for client meetings and deliveries, and it is retrieved at the end of each business day. This scenario represents live storage because the vehicle is in active, regular use, and its storage is temporary, occurring between periods of operation.

• Consider a landscaping company that keeps its lawnmowers, leaf blowers, and other essential equipment in a secure shed overnight. Each morning, the crew retrieves the equipment for a full day of work, returning it to the shed in the evening. This is an example of live storage because the equipment is vital for daily operations and is stored only temporarily when not actively being used, ready for immediate deployment.

• Think about a busy airport where airplanes are parked at gates or in designated areas between flights. These aircraft are undergoing quick turnarounds, refueling, and maintenance checks, preparing for their next scheduled departure within a few hours. This situation illustrates live storage, as the planes are actively part of the airline's daily flight schedule and are merely awaiting their next operational use, not being put away for an extended duration.