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@d0cA
agree with tommy - they should have given some warning, so if you argue enough it's likely that the university will just pay up cos it's cheaper and less hassle for them. i know this as i worked with my university on trying to reclaim the abandoned bicycles: turns out someone had left a bike for 4 months over the winter, so even though there were notices up for 3-4 weeks prior to bike locks being cut, the persons bike went missing and they are blaming the university. personally, i think it's their own fault and we now have notices (or, are getting notices) up stating this for the future.
however, in a similar vein, i keep my lock in my locker which i pass on the way to the bike lockup. my rationale being that i didn't want the lock mechanism itself to get rusted or damaged from excess water, plus having to fish around and retrieve it from under other bikes was going to be a nusiance.