The bill amends the Texas Property Code to update the requirements for notice advertising the sale of property to enforce a self-service storage facility lien. Key changes include the addition of provisions that allow lessors to give notice advertising the sale in a commercially reasonable manner, in addition to traditional methods such as publication or posting. Specifically, the bill stipulates that if a tenant fails to satisfy a claim within 14 days, the lessor must provide notice advertising the sale, which can be done through various means, including online platforms. The bill also clarifies the timeline for when a lessor may sell the property based on the method of notice given.

Furthermore, the bill introduces a new definition of what constitutes "commercially reasonable" notice, stating that it is met if at least three independent bidders register for, view, or attend the sale. The amendments also specify that if there is no newspaper of general circulation in the county, the lessor may post notices at the storage facility and other conspicuous locations. The changes apply only to rental agreements entered into, extended, or renewed on or after the effective date of the Act, which is set for September 1, 2025.

Statutes affected:
Introduced: Property Code 59.042, Property Code 59.044 (Property Code 59)