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MN HF3380
Bill
Status
5/29/2018
Primary Sponsor
Peggy Scott
Click for details
AI Summary
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Expands the definition of "owner" to include operators, lessors, and sublessors of self-service storage facilities, as well as agents or persons authorized to manage the facility or receive rent from occupants.
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Defines "rental agreement" as a written agreement between owner and occupant that establishes or modifies the terms and conditions of storage space use at a self-service storage facility.
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Requires a 45-day waiting period after default before personal property may be sold, or 60 days if the property is a motor vehicle or watercraft.
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Mandates sale advertisements be published weekly for two consecutive weeks in a newspaper, with sales occurring at least 15 days after first publication, or posted on a public website if no qualified newspaper is available.
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Permits property sales to be conducted via online auction or in-person at the storage facility, requires all bidders to register and agree to sale rules, and mandates sales be conducted in a commercially reasonable manner.
Legislative Description
Owner and rental agreement definitions amended, and property sale requirements for self-service storage facilities clarified.
Last Action
Secretary of State Chapter 191
5/29/2018