Skip to main content

Ohio Revised Code Title XIII. Commercial Transactions § 1311.85

Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.

As used in sections 1311.85 to 1311.93 of the Revised Code:

(A) “Broker” means an individual, partnership, corporation, or association licensed as a real estate broker pursuant to Chapter 4735. of the Revised Code.

(B) “Commercial real estate” means any parcel of real estate in this state other than real estate containing one to four residential units.  “Commercial real estate” does not include single-family residential units such as condominiums, townhouses, manufactured housing, or homes in a subdivision when sold, leased, or otherwise conveyed on a unit-by-unit basis, even though these units may be a part of a larger building or parcel of real estate containing more than four residential units.  “Commercial real estate” also does not include real estate owned by a public authority as defined in section 1311.25 of the Revised Code.

(C) “Lien property” means any interest in commercial real estate against which a broker has a lien pursuant to sections 1311.85 to 1311.93 of the Revised Code.

(D) “Owner” means a person who has a legal or equitable interest in lien property and who enters into, or has previously entered into, a written contract with a broker for services related to purchasing, selling, leasing, or conveying any interest in the lien property.

Cite this article: FindLaw.com - Ohio Revised Code Title XIII. Commercial Transactions § 1311.85 - last updated January 01, 2020 | https://codes.findlaw.com/oh/title-xiii-commercial-transactions/oh-rev-code-sect-1311-85/


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 or via Westlaw before relying on it for your legal needs.

Copied to clipboard