Bill > SB433

This bill amends Oregon Revised Statutes (ORS) 87.691 to increase the threshold for how self-service storage facility owners can handle and sell personal property subject to a lien. Specifically, the bill raises the value threshold from $300 to $1,000, which changes how owners can dispose of stored items when tenants fail to pay rent. For items valued at $1,000 or less, owners can dispose of the property at their sole discretion. For items valued over $1,000, owners must follow a more formal process, including publishing a sale advertisement in a local newspaper for two consecutive weeks or posting notices in at least six conspicuous neighborhood locations. The bill maintains existing provisions that require the sale to occur at least 15 days after advertisement, allow sales on publicly accessible auction websites, and prohibit owners or their associates from purchasing the items. The legislation also preserves the occupant's right to reclaim their property by paying the outstanding lien and expenses before the sale, and ensures that any proceeds beyond the lien amount are held for the occupant and eventually turned over to the state if unclaimed. The bill provides additional clarity for storage facility owners about handling abandoned property, particularly for vehicles, watercraft, and trailers.

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https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB433