SF2937 Summary

• Expands the definition of "owner" for self-service storage facilities to include operators, lessors, sublessors, agents, and any person authorized to manage the facility or receive rent.

• Permits self-service storage facilities to include late fees in liens against occupants' property, with fees capped at $15 per month or 15 percent of monthly rent, whichever is greater, effective August 1, 2018.

• Allows sales of stored personal property to occur via online auction or at the storage facility, with all bidders required to register and agree to sale rules, effective upon final enactment.

• Requires advertisement of property sales through newspaper publication (once weekly for two weeks) or on independent websites advertising self-storage lien sales, with sales occurring no sooner than 45 days after default (60 days for motor vehicles or watercraft).

• Modifies the definition of "rental agreement" to clarify it establishes or modifies the terms and conditions of occupants' storage space use.