SB 771 -- Self-storage Facilities
This bill authorizes operators of self-storage facilities to impose reasonable late fees for each month an occupant does not pay rent when due, as long as the late fee is specified in the rental agreement. A reasonable late fee is defined as the greater of $20 or 20% of the monthly rental amount. An operator who wishes to establish a late fee that is higher than that defined in the bill has the burden of proof that the higher late fee is reasonable. The bill also permits operators to recover all reasonable rent collection and lien enforcement expenses from the occupant.