(1) The operator of a self-storage facility shall have a lien on all of a renter's personal property located at the self-storage facility for rent, late fees, legal fees, labor, or other charges incurred pursuant to a rental agreement and for expenses incurred for preservation, sale, or disposition of the personal property. The lien established by this subsection has priority over all other liens except for liens that have been perfected and recorded on such personal property and tax liens.
(2) The lien in subsection (1) attaches on the date that the personal property is placed in a leased space.
(3) The rental agreement must contain a statement advising the renter:
(a) of the existence of the lien; and
(b) that personal property stored in the leased space may be sold to satisfy the lien if the renter is in default.
(4) If the rental agreement specifies a limit on the value of personal property that the renter may store in the leased space, the limit must be deemed to be the maximum value of the personal property in the renter's leased space.