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HP 905, LD 1231 An Act To Restrict Excessive Late Rental Fees for Self-service Storag

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  • HP 905, LD 1231 An Act To Restrict Excessive Late Rental Fees for Self-service Storag

    This bill, which is modeled on Ohio and Missouri law,
    prohibits operators of self-service storage facilities from
    imposing excessive rental fees. The bill requires that the
    amount and the conditions for imposing the late fee be in
    writing. The bill establishes as a reasonable late fee $20
    for each late rental payment or 20% of the amount of each late
    rental payment, whichever is greater. The bill authorizes the
    operator and the occupant to contract for a higher late fee as
    long as the



    higher amount is reasonable. Under the bill, an operator is
    also authorized to recover from the occupant reasonable expenses
    incurred in rent collection or lien enforcement

    http://www.mainelegislature.org/legi...LD123101-1.asp
    --
    Ron

    http://n6ach.com
    http://laws.n6ach.com
    ron.v@n6ach.com

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