The bill amends sections 5322.03 and 5322.06 of the Revised Code to grant self-service storage facility owners the authority to dispose of property in expired storage spaces and to adjust the liability threshold related to such spaces. Key provisions include allowing owners to enforce liens on personal property stored in expired rental agreements, as well as the ability to remove and dispose of such property. The bill outlines the notification process for individuals with an interest in the property, including the requirement for detailed notices that specify the reasons for the notice, the amount due, and the consequences of non-compliance, such as potential auction or destruction of the property.

Additionally, the bill modifies the liability of storage facility owners by replacing the term "negligence" with "willful or wanton misconduct," thereby limiting the owner's liability for damages resulting from their actions. It also establishes that any limits on the value of stored property must be clearly stated in the rental agreement and cannot be less than one thousand dollars. The existing sections 5322.03 and 5322.06 are repealed, indicating a comprehensive update to the legal framework governing self-service storage facilities in Ohio.

Statutes affected:
As Introduced: 5322.03, 5322.06
As Reported By House Committee: 5322.03, 5322.06