Bill Text: NJ S3253 | 2014-2015 | Regular Session | Introduced

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Bill Title: Permits charging late fee for rental payments due on self-service storage units and authorizes sale of property via website.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2015-11-16 - Introduced in the Senate, Referred to Senate Commerce Committee [S3253 Detail]

Download: New_Jersey-2014-S3253-Introduced.html

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SENATE, No. 3253

STATE OF NEW JERSEY

216th LEGISLATURE

 

INTRODUCED NOVEMBER 16, 2015

 

 

Sponsored by:

Senator  PETER J. BARNES, III

District 18 (Middlesex)

 

 

 

 

SYNOPSIS

     Permits charging late fee for rental payments due on self-service storage units and authorizes sale of property via website

 

CURRENT VERSION OF TEXT

     As introduced.

  

An Act concerning self-storage facilities and supplementing P.L.1983, c.136 (C.2A:44-187 et seq.).

 

     Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

     1.    In addition to any other remedy available under the "Self-Service Storage Facility Act," P.L.1983, c.136 (C.2A:44-187 et seq.), a reasonable late fee may be charged and collected by an owner for each month that the occupant's rental payment for a storage space is in default.

     For purposes of this section, a late fee of $20.00 or 20% of the monthly rent, whichever is greater, is reasonable and shall not constitute a penalty.

 

     2.    An online publicly accessible auction website is a suitable place for holding the public sale authorized pursuant to subsection g. of section 5 of P.L. 1983, c.136 (C.2A:44-191), so long as the notice and other requirements of that section have been satisfied.

 

     3.    This act shall take effect immediately.

 

 

STATEMENT

 

     This bill supplements the "Self-Service Storage Facility Act," P.L.1983. c.136 (C. 2A:44-187 et seq.), to allow the owner of a self-service storage facility to charge and collect a reasonable late fee for each month that the occupant of a storage space in that facility fails to make timely rental payments.

     The bill also authorizes the sale of the personal property contained in a storage space in satisfaction of the owner's lien for a claim for nonpayment of rental fees by way of an online publicly accessible website, in addition to a public sale held at the self-service storage facility, as currently provided in the law.