H.E.A. 1194, P.L. 36
Effective: July 1, 2018
Amends the statute concerning self-storage facilities to allow a facility owner (owner) to impose and collect from a renter a late fee that does not exceed the greater of: (1) $20; or (2) 20% of the monthly rent; for each month the renter is in default under the rental agreement. Authorizes an owner to recover from a renter all reasonable costs and expenses of: (1) rent collection; and (2) lien enforcement; incurred by the owner as a result of the renter’s default. Specifies that an owner’s lien under the statute includes a lien on the renter’s personal property for the authorized: (1) late fees; and (2) rent collection or lien enforcement costs or expenses.
Read the bill at: https://iga.in.gov/legislative/2018/bills/house/1194