SB 0297 Allows self-service storage facilities to collect late fees
LR Number:1220S.01I Fiscal Note:1220-01
Committee:Commerce and Environment
Last Action:03/06/01 - Hearing Conducted S Commerce & Environment Committee Journal page:
Effective Date:August 28, 2001
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Current Bill Summary

SB 297 - This act allows self-service storage facilities to charge occupants a late fee for failing to pay rent on time. The late fee charged by the operator must be stated in the rental agreement or addendum to be collected. A late fee of 20 dollars or 20 percent of the monthly rent shall be deemed reasonable. If an operator charges a different late fee, the operator will have the burden of proving that the fee is reasonable. Reasonable rent collection and lien enforcement expenses may be recovered in addition to late fees.

This act is identical to SB 771 (2000), and provisions similar to this act are contained in the TAT version of CCS/SS/SCS/HB 453 (2001).