Indiana Lien Law Reform Bill Signed Into Law
The national Self Storage Association would like to congratulate the Indiana SSA for its work in getting the Indiana lien law reform bill signed into law in March. The law allows operators to charge monthly late fees of $20 or 20 percent of the tenant’s rent, whichever is greater, and to recover all reasonable costs of rent collection and lien enforcement. The law also clarifies that late fees and reasonable costs are part of the operator’s lien upon the tenant’s personal property. Operators must comply with the law starting no later than July 1, 2018. Many thanks to national SSA Board Member Jefferson Shreve for testifying in support of the bill.
The Indiana Self Storage Association, together with the national Self Storage Association, continues to work on a number of issues to protect and improve your regulatory arena. In recent years we have worked hard to update lien law provisions, providing consistency with recent improvements in other states.