AR HB1404

Allows self-service storage facility operators to remove motorized personal property (motor vehicles, trailers, watercraft) instead of conducting a public sale when an occupant defaults for at least 60 days.

Clarifies that operators' liens on stored property include fees and expenses reasonably incurred in removing motorized personal property from the facility.

Requires rental agreements to include a bold-type statement notifying occupants of the lien and that property may be sold or removed to satisfy the lien upon default.

Establishes notice procedures requiring operators to notify occupants in writing of default, publish newspaper advertisements at least 7 days before sale or removal, and notify lienholders at least 10 days in advance.

Limits operator liability to net proceeds from sales when complying with the law, and protects towing operators from liability for personal property or damages once they take possession of the motorized property.