FL S0720

Allows self-storage facility owners to advertise lien sales in any commercially reasonable manner, not just newspapers, and permits lien sales on public websites that conduct personal property auctions without requiring the owner to be licensed.

Defines "commercially reasonable" advertising as having at least three independent bidders (unrelated parties with no financial interest in the owner or other bidders) attend or register for the sale.

Deletes the requirement for posting advertisements in three conspicuous neighborhood locations when no newspaper of general circulation exists in the facility's area.

Limits the maximum value of stored property to any valuation limit specified in the rental agreement between the tenant and facility owner.

For motor vehicles or watercraft subject to a lien unpaid for 60 days, allows facility owners to either have the property towed, or contact the Department of Highway Safety and Motor Vehicles to notify the lienholder and owner via certified mail before selling the vehicle or watercraft in a commercially reasonable manner.