Saturday, November 19, 2011

Leasing Commission Lean Act

The following law was primarily created to protect Realtor's involved in commercial transactions from scrupulous, unethical business people wanting to stiff the  real estate representative(s) involved in a transaction.
A real estate broker who enters into a written brokerage agreement with an owner for the leasing of the owner's commercial real estate will have the right to place a lien that attaches to the owner's interest in the commercial real estate.
Unlike the Sales Act which is a lien that attaches to the owner's net proceeds and not the real estate, the lien established under the Leasing Act is a lien on the real property.

Bottom line, be honest, and honorable in your doings.



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2 comments:

  1. Somos una empresa de arrendamiento de mini bodegas y bodegas personales en Bogotá
    Minibodegas

    ReplyDelete