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New Mexico Statutes Chapter 48. Liens and Mortgages § 48-12-3. Broker’s lien for compensation for services; requirements

Current as of January 01, 2024 | Updated by Findlaw Staff

A broker shall have a lien upon commercial real estate or any interest in commercial real estate in the amount that the broker is due for licensed services connected with the leasing of the commercial real estate, if the broker:

A. is entitled to a stated fee or commission provided in a written instrument that:

(1) identifies the commercial real estate;

(2) sets forth the fee or commission due and the date or dates or the circumstances under which the fee or commission is due; and

(3) is signed by the owner of the commercial real estate or the owner's authorized agent; and

B. records a notice of lien on the commercial real estate pursuant to Section 4 of the Commercial Real Estate Broker Lien Act. Such lien shall only be valid against the commercial real estate identified in the written instrument described in Subsection A of this section and in the amount due for the fee or commission stated therein.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 48. Liens and Mortgages § 48-12-3. Broker’s lien for compensation for services; requirements - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-48-liens-and-mortgages/nm-st-sect-48-12-3/

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