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 these spaces. Key changes include the ability for owners to remove and dispose of personal property stored under terminated or expired rental agreements, as well as the requirement for owners to notify interested parties about the lien and the disposal process. The notice must now include specific details such as the reason for the notice, an itemized statement of the owner's claim, and a demand for payment or removal of the property within a specified timeframe.

Additionally, the bill modifies the liability of storage facility owners by replacing the term "negligence" with "willful or wanton misconduct," thereby increasing the standard for liability in cases of damage to stored property. The bill also clarifies that if property is not sold at auction, the owner may dispose of it in various ways, including private sale or destruction, provided they have complied with the sale requirements. Overall, these amendments aim to streamline the process for storage facility owners while ensuring that proper notification and liability standards are maintained.

Statutes affected:
As Introduced: 5322.03, 5322.06