CODE OF VIRGINIA

LIEN (§ 55-418)

A. The owner shall have a lien on all personal property stored within each
leased space for rent, labor, or other charges, and for expenses reasonably
incurred in its sale pursuant to this chapter. Such lien shall attach as of the
date the personal property is stored within each leased space, and, to the
extent the property remains stored within such leased space, as hereinafter
provided, shall be superior to any other existing liens or security interests to
the extent of $ 250 or, if the leased space is a climate-controlled facility, $
500. In addition, such lien shall extend to the proceeds, if any, remaining
after the satisfaction of any perfected liens and the 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, previously recorded
on the certificate of title, the owner, so long as the watercraft remains stored
within such leased space, shall have a lien on such watercraft as provided for
herein to the extent of $ 250 or $ 500 if the leased space is a
climate-controlled facility. In addition, such lien shall extend to the
proceeds, if any, remaining after the satisfaction of any recorded liens and the
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 the
occupant of the existence of such lien, and that the personal property stored
within the leased space may be sold to satisfy the lien if the occupant is in
default.

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

HISTORY: 1981, c. 627; 1984, c. 717; 1999, c. 149; 2005, c. 275; 2009, c. 664.