The House Judiciary Committee heard HB 1194 authored by Rep. Speedy on delinquent self-storage facility rents. The bill amends current law to allow a self-storage facility owner to impose and collect a late fee from renters. This bill also authorizes the facility owner to recover all reasonable costs and expenses of rent collection and lien enforcement. The bill specifies that the facility owner’s lien under statute includes a lien on the renter’s personal property for the recovery of late fees and rent collection or lien enforcement costs.
Testimony was heard in support of the bill by an industry association member. The bill passed 8-1.
Read the bill at https://iga.in.gov/legislative/2018/bills/house/1194