Bill Text: NJ A4844 | 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 4-0)

Status: (Introduced - Dead) 2015-12-10 - Introduced, Referred to Assembly Law and Public Safety Committee [A4844 Detail]

Download: New_Jersey-2014-A4844-Introduced.html

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ASSEMBLY, No. 4844

STATE OF NEW JERSEY

216th LEGISLATURE

 

INTRODUCED DECEMBER 10, 2015

 

 

Sponsored by:

Assemblyman  CHARLES MAINOR

District 31 (Hudson)

Assemblyman  BENJIE E. WIMBERLY

District 35 (Bergen and Passaic)

Assemblywoman  SHAVONDA E. SUMTER

District 35 (Bergen and Passaic)

Assemblywoman  ANGELICA M. JIMENEZ

District 32 (Bergen and Hudson)

 

 

 

 

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.