The Senate Civil Law Committee heard HB 1194 sponsored by Sen. Koch and Sen. Young on delinquent self-storage facility rents. This bill amends the statute concerning self-storage facilities to allow a facility owner to impose and collect from a renter a late fee that does not exceed the greater of $20 or 20% of the monthly rent for each month the renter is in default under the rental agreement. It also authorizes an owner to recover from a renter all reasonable costs and expenses of rent collection and lien enforcement; incurred by the owner as a result of the renter’s default. Additionally, the bill specifies that an owner’s lien under the statute includes a lien on the renter’s personal property for the authorized late fees and rent collection or lien enforcement costs or expenses.
An owner/operator of storage facilities testified in favor of the bill. The bill passed 7-0.
Read the bill at: https://iga.in.gov/legislative/2018/bills/house/1194