The Illinois Self Storage Association, together with the national Self Storage Association, is working on a number of issues to protect and improve your regulatory arena. In 2011 and again in 2014, IL-SSA updated lien law provisions consistent with recent improvements in other states. The most recent change came by way of SB 2952, which became effective on January 1, 2015. The updates to the current law are listed below:
Illinois Lien Law
- Permits lien notices to be sent by either verified mail (any method of mailing that provides evidence of mailing) or electronic mail. Email must be sent by a method that provides a receipt of delivery.
- Permits the towing of vehicles, boats and trailers when rent is 60 or more days past due. Owner shall have no liability for loss of or damage to vehicle, boat or trailer once it is towed.
- Permits limiting the value of property stored as long as this limit is printed in bold type or underlined in the rental agreement.
- Allows for a reasonable late fee to be imposed and collected by an owner for each service period that an occupant does not pay rent when due under a rental agreement.
- Allows online auctions