collections

H.E.A. 1194, P.L. 36 Effective: July 1, 2018 Amends the statute concerning self-storage facilities to allow a facility owner (owner) to impose and collect from a renter a late fee that does not exceed the greater of: (1) $20; or (2) 20% of the monthly rent; for each month the renter is in default under the rental agreement. Authorizes an owner to recover from a renter all reasonable … [Read more...] about Delinquent self-storage facility rents

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 … [Read more...] about Delinquent self-storage facility rents

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 f … [Read more...] about Delinquent self-storage facility rents