This bill amends existing laws regarding self-service storage facilities in Arkansas, specifically addressing the enforceability of unsigned rental agreements and establishing a formal procedure for notifying occupants about the termination of their rental agreements. Key changes include the definition of "last known address," which now allows for the use of a written or electronic application to rent a space if a signed rental agreement does not exist. Additionally, the definition of "rental agreement" has been expanded to include electronic agreements. The bill also mandates that rental agreements contain specific statements regarding liens on personal property stored in the facility.

Furthermore, the bill introduces new sections that outline the delivery and acceptance of rental agreements, stating that continued use of a leased space for 30 days after notice constitutes acceptance of the agreement, even if it is unsigned. It also specifies that occupants must receive written or electronic notice of termination or nonrenewal of their rental agreements, providing them with at least 14 days to remove their property. The operator of the storage facility may impose reasonable restrictions on access during this notice period, and any unclaimed property may be disposed of after the notice period expires.

Statutes affected:
Old version HB1652 V2 - 3-6-2025 01:47 PM: 18-16-401(4), 18-16-401(10), 18-16-404, 18-16-407(b)
Old version HB1652 Original - 3-4-2025 09:29 AM: 18-16-401(4), 18-16-401(10), 18-16-404, 18-16-407(b)
HB 1652: 18-16-401(4), 18-16-401(10), 18-16-404, 18-16-407(b)
Act 393: 18-16-401(4), 18-16-401(10), 18-16-404, 18-16-407(b)