Louisiana Overhauls Self-Storage Lien Sale Rules
Louisiana’s Senate Bill 101 (SB 101), signed into law by Gov. John Bel Edwards, will modernize the state’s self-storage lien laws starting Jan. 1, 2022. The legislation allows online advertising for lien sales and introduces updated notification and rental agreement requirements to improve communication with tenants.
Key Points:
Online Lien Sale Ads
Operators can post lien sale notices on online-auction websites instead of newspapers.
Updated Rental Agreements
Leases must request two email addresses and a phone number, and include bold, initialed lien-rights language or send that information separately via mail, email, and text.
Stricter Notification Process
Delinquency notices must be sent by verified mail, email (both addresses), and text if available, with specific timelines for enforcement based on how lien rights were disclosed.
Leadership Statement
Alex Burnam, SVP of Real Estate Acquisitions at StorageMart, expressed enthusiasm about the project, stating “This expansion in Davenport underscores our steadfast commitment to pioneering storage solutions. We are thrilled to introduce affordable and highly secure storage options to the Davenport community, addressing their diverse personal and professional storage needs.”
