MO SB837

Self-service storage facility operators hold a lien on stored personal property for unpaid rent, labor, charges, and sale expenses, with priority over all other liens except perfected and recorded liens on personal property.

Rental agreements must contain bold-type notice advising occupants of the operator's lien and that unclaimed sale proceeds will be paid to the state treasurer after one year.

Operators may sell stored property for cash if an occupant defaults for more than thirty days, conducted as a public or private sale in a commercially reasonable manner per section 400.9-627.

Before conducting a sale, operators must: (1) notify occupant and lienholders by first-class mail at least forty-five days before disposition, (2) send registered or certified notice within ten days with claim details and payment demand, and (3) advertise the sale in newspaper classifieds at least seven days prior, including the occupant's name.

Sale proceeds satisfy the lien first, with surplus held for one year for occupant or known lienholders; unclaimed proceeds after one year are considered abandoned property paid to the state treasurer, and occupants may redeem property anytime before sale by paying the lien amount.