Kentucky has more than 700 self-storage facilities, serving a statewide population of 4,410,000. The Kentucky Self Storage Association has helped spearhead several changes to lien laws in Kentucky but priorities remain.
In 2014 the KYSSA was successful in our efforts to modernize lien laws in the Commonwealth. For example, operators were once required to send official correspondence by certified mail, a process costing an excessive amount of both time and money. Siding with the industry, and the recognition that more modern methods are available, the Kentucky General Assembly agreed that certified mail was no longer the most assured method of guaranteeing contact with a delinquent customer, now allowing verified mail and in some cases, email notifications. Other recent changes include the ability to charge $20 or 20 percent in late fees, whichever is greater, contractual value limitations and simpler methods for disposing of a vehicle in a lien situation.
The KYSSA is ever vigilant in protecting the industry from unnecessary laws or regulations. If you have questions or concerns regarding the industry’s relationship with the government, please feel free to contact us.
Please reach out to us if you have an issue or want to notify us about an issue within the self storage community.