Source: https://abandonedproperty.uslegal.com/self-storage/arkansas-abandoned-property-self-storage-law/
Timestamp: 2018-01-17 09:06:42
Document Index: 125996347

Matched Legal Cases: ['§18', '§18', '§18', '§18', '§18', '§18', '§ 18', '§18', '§18', '§18', '§18']

Arkansas Abandoned Property – Self Storage Law – Abandoned Property
Arkansas Abandoned Property – Self Storage Law
Abandoned Property – Abandoned Property Self Storage – Arkansas
Title 18 – Property.
Subtitle 2 – Real Property.
Chapter 16 – Landlord and Tenant.
Subchapter 4 – Self-Service Storage Facilities.
(1) “Self-service storage facility” means any real property used for renting or leasing individual storage spaces in which the occupants themselves customarily store and remove their own personal property on a self-service basis;
(2) “Rental agreement” means any written agreement that establishes or modifies the terms, conditions, or rules concerning the use and occupancy of a self-service storage facility;
(3) “Leased space” means the individual storage space at the self-service facility which is rented to an occupant pursuant to a rental agreement;
(4) “Occupant” means a person or entity entitled to the use of a leased space at a self-service storage facility under a rental agreement;
(A) “Operator” means the owner, operator, lessor, or sublessor of a self-service storage facility, an agent, or any other person authorized to manage the facility;
(B) “Operator” does not mean a warehouseman, unless the operator issues a warehouse receipt, bill of lading, or other document of title for the personal property stored;
(A) “Personal property” means movable property not affixed to the land;
(B) “Personal property” includes, but is not limited to, goods, wares, merchandise, motor vehicles, watercraft, and household items and furnishings;
(7) “Default” means the failure to perform on time any obligation or duty set forth in the rental agreement;
(8) “Last known address” means that address provided by the occupant in the rental agreement or the address provided by the occupant in a subsequent written notice of a change of address;
(9) “Net proceeds” as used in §18-16-407(e) means the proceeds from the sale authorized after deduction for expenses incurred by the operator to exercise its rights under this subchapter including, but not limited to, attorneys’ fees, auctioneers’ fees, postage, and publication costs, together with the debt owed by the operator and charges directly related to preserving, assembling, advertising, and selling under this subchapter.
Title 18, Subtitle 2, Chap. 16, Subchap. 4, §18-16-401.
Operator’s lien on stored property.
(1) A lien which is perfected and recorded in Arkansas in the name of the occupant, either in the county of the occupant’s last known address or in the county where the self-service storage facility is located, prior to the date of the rental agreement;
Title 18, Subtitle 2, Chap. 16, Subchap. 4, §18-16-402.
Use for residential purposes.
Title 18, Subtitle 2, Chap. 16, Subchap. 4, §18-16-403.
Title 18, Subtitle 2, Chap. 16, Subchap. 4, §18-16-404.
Access to leased space – Care of property.
Title 18, Subtitle 2, Chap. 16, Subchap. 4, §18-16-405.
Sale procedure.
(a) Before conducting a sale under § 18-16-406, the operator shall:
(1) Notify the occupant in writing of the default. The notice shall be sent by certified mail, return receipt requested, to the occupant at the occupant’s last known address, and shall include:
(B) A statement of the operator’s claim, indicating the charges due on the date of the notice, the amount of any additional charges which shall become due before the date of sale, and the date those additional charges shall become due;
(D) A statement that unless the claim is paid within the time stated, the contents of the occupant’s space will be sold at a specified time and place;
(E) The name, street address, and telephone number of the operator or his designated agent, whom the occupant may contact to respond to the notice; and
(2) Publish one (1) advertisement in a newspaper of general circulation in the county in which the storage facility is located at least seven (7) days prior to sale;
(3) Contact the circuit clerk in the county where the personal property is stored to determine the name and address of any holder of liens or security interests in the personal property being sold. The owner shall notify by certified mail, return receipt requested, each holder of a lien or security interest of the time and place of the proposed sale at least ten (10) days prior to conducting the sale. The owner shall be required to notify the holder of a lien or security interest only if the lien or security interest is filed under the name of the occupant.
(b) At any time before a sale under this section, the occupant may pay the amount necessary to satisfy the operator’s lien and redeem the occupant’s personal property.
(e) If the operator complies with the provisions of this subchapter, the operator’s liability:
Title 18, Subtitle 2, Chap. 16, Subchap. 4, §18-16-407.
(1) Satisfy the lien from the proceeds of the sale;
Title 18, Subtitle 2, Chap. 16, Subchap. 4, §18-16-408.
Notices – Method of delivery.
(a) Unless otherwise specifically provided, all notices required by this subchapter shall be sent by certified mail, return receipt requested.
(1) Notices sent to the operator shall be sent to the self-service storage facility where the occupant’s property is stored.
(2) Notices to the occupant shall be sent to the occupant at the occupant’s last known address.
(3) Notices shall be deemed delivered when deposited with the United States Postal Service, properly addressed as provided in §18-16-407(a) with postage prepaid.
Title 18, Subtitle 2, Chap. 16, Subchap. 4, §18-16-409.
Inside Arkansas Abandoned Property – Self Storage Law