The bill amends the Self-Service Storage Facility Act to clarify the rights and responsibilities of owners and tenants regarding storage units. It establishes that owners have a lien on all personal property located in their facilities for unpaid rent and other lawful charges, with the lien attaching when the property arrives or when a rental agreement is signed. The bill also specifies that owners must notify all holders of a perfected security interest if a tenant defaults on their rental agreement. Additionally, it mandates that owners provide tenants with a written notice regarding the consequences of failing to make payments, including potential sale of their property.

Further amendments include provisions for electronic delivery of rental agreements and stipulations regarding the acceptance of agreements without a tenant's signature, provided certain conditions are met. The bill allows for a reasonable late fee structure and clarifies that a rental agreement may limit the value of stored property. It also outlines the process for terminating a rental agreement, including a minimum notice period for tenants to remove their belongings, and grants owners the authority to dispose of any remaining property after the notice period.

Statutes affected:
House Introduced Bill: 570.523