Bill Text: NJ S403 | 2016-2017 | Regular Session | Amended

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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: Slight Partisan Bill (Republican 5-2)

Status: (Introduced - Dead) 2018-01-05 - Substituted by A3293 (2R) [S403 Detail]

Download: New_Jersey-2016-S403-Amended.html

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[First Reprint]

SENATE, No. 403

STATE OF NEW JERSEY

217th LEGISLATURE

 

PRE-FILED FOR INTRODUCTION IN THE 2016 SESSION

 

 

Sponsored by:

Senator  STEVEN V. OROHO

District 24 (Morris, Sussex and Warren)

Senator  NILSA CRUZ-PEREZ

District 5 (Camden and Gloucester)

 

Co-Sponsored by:

Senators P.Barnes, III, A.R.Bucco, Bateman, Allen and Beck

 

 

 

 

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 reported by the Senate Commerce Committee on December 4, 2017, with amendments.

  

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 ¹up to¹ $20.00 or ¹[20%] 18 percent¹ 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.