55-2304 RENTAL AGREEMENT.

TITLE 55

PROPERTY IN GENERAL

CHAPTER 23

SELF-SERVICE STORAGE FACILITIES

55-2304. Rental agreement. (1) From and after July 1, 1990, any operator offering storage spaces in a self-service storage facility for rent shall provide a written rental agreement which shall be executed by the operator and the lessee. The operator of a self-storage facility shall provide a lessee with a copy of the rental agreement at the time of the rental.

(2) The rental agreement shall contain a conspicuous statement advising the lessee:

(a) Of the existence of the lien;

(b) That the property in the leased space may be sold to satisfy the lien if the lessee is in default; and

(c) That the personal property stored in a storage space will not be insured unless the lessee obtains insurance on his property.

(3) The rental agreement shall contain a provision requiring the lessee to disclose any lienholders or secured parties who have an interest in property that is stored in the self-service storage facility.