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Indiana Code Title 26. Commercial Law § 26-3-8-11

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 11. (a) The owner of a self-service storage facility has a lien upon all personal property present in the self-service storage facility for:

(1) rent, labor, or other charges that accrue in connection with the personal property under the rental agreement, including any:

(A) late fee imposed under section 11.5(a) of this chapter;  and

(B) rent collection costs or expenses described in section 11.5(b)(1) of this chapter;

(2) expenses necessary for the preservation of the personal property;  and

(3) expenses reasonably incurred in the sale or other disposition of the personal property under this chapter, including any lien enforcement costs or expenses described in section 11.5(b)(2) of this chapter.

(b) The lien described in subsection (a) is superior to any other lien or security interest, except for:

(1) a lien or security interest perfected before any sale or other disposition of the personal property;  and

(2) any tax lien, as provided by law.

(c) The lien described in subsection (a) attaches on the date on which personal property is placed in a rented space.  Every rental agreement must contain a statement in bold type notifying the renter of the existence of the lien and of the method by which the owner may enforce the lien under this chapter.

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Cite this article: FindLaw.com - Indiana Code Title 26. Commercial Law § 26-3-8-11 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-26-commercial-law/in-code-sect-26-3-8-11/

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