The rental agreement shall contain a notice stating that all articles stored under the terms of that agreement will be sold or otherwise disposed of under the terms and conditions of the Self-Service Storage Lien Act if the tenant is in default. The agreement shall contain a disclosure provision stating the name and address of any lienholder with an interest in the property that is or will be stored in the self-service storage facility. The agreement shall also contain the address of the tenant.
History: Laws 1987, ch. 314, § 3.
ANNOTATIONSCompiler' notes. — Laws 1987, ch. 314, § 10 provided that all rental agreements entered into before July 1, 1987 and not extended or renewed after that date shall remain valid and may be enforced or terminated in accordance with their terms as is permitted by law.
Written lease agreement required. — In accordance with Section 48-11-2 NMSA 1978, rental agreements under this act are written agreements, such that an oral contract for rent in a storage facility did not give rise to either a landlord lien or a self-service storage lien on the plaintiff's goods. Bird v. Lankford, 1993-NMCA-128, 116 N.M. 408, 862 P.2d 1267.