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ACT SUMMARY 2007-2008

SUMMARY OF THE 2008 ACTS AND RESOLVES View the complete text of this act

ACT NO. 183


Storage unit facilities; lien

This act creates a possessory lien upon personal property stored at a self-storage facility for rent, labor, or other charges related to a rental agreement and for expenses incurred by the owner of the facility relevant to preserving or disposing of such property following a default under a rental agreement.

The act requires the owner of the facility to disclose the existence of the lien to the occupant in a rental agreement, sets out a series of steps required to enforce the lien including notice and advertisement of sale, requires the sale of property to satisfy the lien to be performed in a commercially reasonable manner, and affords a right of repossession by the holders of other registered liens on the property stored in the unit.

Effective Date: January 1, 2009.

Published by:

The Vermont General Assembly
115 State Street
Montpelier, Vermont