55-418 - Lien. - Virginia Statutes

§ 55-418. Lien.

A. The owner shall have a lien on all personal property stored within eachleased space for rent, labor, or other charges, and for expenses reasonablyincurred in its sale pursuant to this chapter. Such lien shall attach as ofthe date the personal property is stored within each leased space, and, tothe extent the property remains stored within such leased space, ashereinafter provided, shall be superior to any other existing liens orsecurity interests to the extent of $250 or, if the leased space is aclimate-controlled facility, $500. In addition, such lien shall extend to theproceeds, if any, remaining after the satisfaction of any perfected liens andthe owner may retain possession of such proceeds until the balance, if any,of such charges is paid.

B. In the case of any watercraft which is subject to a lien, previouslyrecorded on the certificate of title, the owner, so long as the watercraftremains stored within such leased space, shall have a lien on such watercraftas provided for herein to the extent of $250 or $500 if the leased space is aclimate-controlled facility. In addition, such lien shall extend to theproceeds, if any, remaining after the satisfaction of any recorded liens andthe owner may retain possession of such proceeds until the balance, if any,of such charges is paid.

C. The rental agreement shall contain a statement, in bold type, advising theoccupant of the existence of such lien, and that the personal property storedwithin the leased space may be sold to satisfy the lien if the occupant is indefault.

D. In the case of any motor vehicle that is subject to a lien, previouslyrecorded on the certificate of title, the owner, so long as the motor vehicleremains stored within such leased space, shall have a lien on such vehicle inaccordance with § 46.2-644.01.

(1981, c. 627; 1984, c. 717; 1999, c. 149; 2005, c. 275; 2009, c. 664.)