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Current as of January 01, 2025 | Updated by Findlaw Staff
A. A commercial real estate broker lien recorded pursuant to this article is enforceable by foreclosure action in superior court as if the lien were a mortgage.
B. A lien pursuant to this article is only valid for two years after the date that it is recorded unless an action is brought within that two years to enforce the lien and a notice of pendency of the action is recorded pursuant to § 12-1191 in the office of the county recorder in the county in which the property is located within five days after filing the action.
C. In any action to foreclose a commercial real estate broker lien, the prevailing party shall be awarded costs and reasonable attorney fees.
Cite this article: FindLaw.com - Arizona Revised Statutes Title 33. Property § 33-1074. Foreclosure; limitation of action; attorney fees - last updated January 01, 2025 | https://codes.findlaw.com/az/title-33-property/az-rev-st-sect-33-1074/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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