Inside Self-Storage is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Indiana Shortens Timeline for Self-Storage Lien Proceedings

Article-Indiana Shortens Timeline for Self-Storage Lien Proceedings

Indiana Gov. Eric Holcomb signed House Bill 1621 (HB 1621) on April 20, which shortens the amount of time self-storage operators must wait before initiating the lien-sale process against a delinquent tenant. Beginning July 1, they’ll be able to prevent past-due customers from accessing their units after default reaches five days (down from 30) and sell unit contents after 60 days instead of 90.

The act also allows self-storage tenants to designate a backup contact to receive late-payment notifications. Alternate contacts listed on a rental agreement can receive communication from the facility operator but don’t have any rights to access the customer’s stored property unless that’s expressly stated in the lease.

The measure was supported by the Indiana Self Storage Association, which argued the state’s lien-processing timelines were out of step with similar laws in other states, according to the source.

HB 1621 passed the house on Feb. 14, with a 62-27 vote, and cleared the senate 40-2 on March 21.

Sources:
Indiana General Assembly, House Bill 1621
NWI.com, New Indiana Law Targets Delinquent Storage Unit Renter

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish