Louisiana 2021 2021 Regular Session

Louisiana Senate Bill SB101 Comm Sub / Analysis

                    The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Elizabeth O'Quin.
DIGEST
SB 101 Original	2021 Regular Session	Abraham
Present law provides relative to the regulation of self-service storage facilities and an owner's options
if a lessee is in default of the rental agreement.
Present law provides that in the event of a default by a lessee, the owner of a self- service storage
facility has the option to enforce judicially all of his rights under the rental agreement, including, if
the agreement so provides, his right to accelerate all rentals that will become due in the future for
the full term of the lease or to cancel the lease and enforce his privilege for the debt due him.
Present law provides that to cancel the lease and enforce the privilege for debt due him, the owner
shall compile a list of the property subject to the privilege, provide notice to the lessee that he intends
to enforce his privilege, and advertise the sale or other disposition of the property subject to the
privilege.
Present law requires the advertisement of the sale or other disposition of movable property subject
to the privilege be published on at least one occasion in a newspaper of general circulation where
the self-service storage facility is located and allows the owner to publish an advertisement of the
sale on a publicly accessible website that conducts personal property auctions.
Proposed law retains present law and revises the advertising requirements to give the owner the
option to advertise the sale or other disposition of the movable property on at least one occasion in
a newspaper of general circulation where the self-service storage facility is located or on a publicly
accessible website that conducts personal property auctions.
Effective August 1, 2021.
(Amends R.S. 9:4759(5)(a))