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Session Laws, 1994
Volume 773, Page 2451   View pdf image
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WILLIAM DONALD SCHAEFER, Governor                            Ch. 516

Section 14-301 through 14-313, inclusive, to be under the new subtitle "Subtitle 3.

Commercial Real Estate Broker's Lien"
Annotated Code of Maryland
(1988 Replacement Volume and 1993 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Real Property

SUBTITLE 3. COMMERCIAL REAL ESTATE BROKER'S LIEN
14-301.

(A)     IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED UNLESS THE CONTEXT REQUIRES OTHERWISE.

(B)     "BROKER" MEANS:

(1)      AN INDIVIDUAL LICENSED AS, OR OTHERWISE AUTHORIZED TO ACT
AS, A REAL ESTATE BROKER UNDER TITLE 16 OF THE BUSINESS OCCUPATIONS AND
PROFESSIONS ARTICLE; OR

(2)      A CORPORATION OR PARTNERSHIP AUTHORIZED TO PROVIDE REAL
ESTATE BROKERAGE SERVICES UNDER TITLE 16 OF THE BUSINESS OCCUPATIONS
AND PROFESSIONS ARTICLE.

(C)     "BROKER'S LIEN" MEANS A LIEN ESTABLISHED IN ACCORDANCE WITH
THIS SUBTITLE.

(D)     "CLAIMANT" MEANS A BROKER CLAIMING A BROKER'S LIEN UNDER THIS
SUBTITLE.

(E)      "COMMERCIAL LEASE" MEANS A LEASE OF BUILDING FLOOR SPACE
INTENDED TO BE USED BY THE TENANT FOR A NONRESIDENTIAL USE WHETHER OR
NOT THE LEASE EXPRESSLY SETS FORTH A USE.

(F)      (1) "COMMERCIAL LEASING BROKERAGE AGREEMENT" OR
"BROKERAGE AGREEMENT" MEANS A WRITTEN AGREEMENT BETWEEN A BROKER
AND THE OWNER OF COMMERCIAL PROPERTY THAT PROVIDES FOR THE PAYMENT
OF A COMMERCIAL LEASING COMMISSION BY THE OWNER TO THE BROKER FOR
SERVICES IN OBTAINING A COMMERCIAL TENANT REGARDLESS AS TO WHETHER
THE BROKER ACTED AS THE AGENT FOR THE OWNER OR THE COMMERCIAL
TENANT.

(2) "COMMERCIAL LEASING BROKERAGE AGREEMENT" OR
"BROKERAGE AGREEMENT" ALSO MEANS AN AGREEMENT OF ANY KIND OR
NATURE, EXPRESS OR IMPLIED, THAT PROVIDES FOR THE PAYMENT OF A
COMMERCIAL LEASING COMMISSION FOR SERVICES RENDERED BY THE BROKER IN

- 2451 -

 

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Session Laws, 1994
Volume 773, Page 2451   View pdf image
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