The bill amends the Self-Service Storage Lien Act to clarify and update various provisions related to rental agreements and the enforcement of liens on stored personal property. Key changes include the establishment of a maximum value for stored personal property in rental agreements, the allowance for late fees on rental payments in default, and the requirement for rental agreements to include a space for occupants to designate an alternative contact for lien enforcement notifications. Additionally, the bill reduces the period of continuous default before an owner can take action to sell the property from ninety days to forty-five days.

Further amendments specify that owners may charge a late fee of up to $20 for each month a rental payment is in default and outline the process for notifying occupants and alternative contacts regarding lien enforcement. The bill also mandates that notices of intent to enforce a lien must be sent to both the occupant and any designated alternative contact, ensuring that all parties are informed. Overall, these changes aim to streamline the process for self-storage facility owners while providing clearer guidelines and protections for occupants.

Statutes affected:
introduced version: 48-11-3, 48-11-5, 48-11-7, 48-11-8
JU substitute: 48-11-3, 48-11-5, 48-11-7, 48-11-8