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Texas Property Code - PROP § 62.025. Contents of Notice of Lien

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

The notice of lien must be signed by the broker or by a person authorized to sign on behalf of the broker and must contain the following:

(1) a sworn statement of the nature and amount of the claim, including:

(A) the commission amount or the formula used to determine the commission;

(B) the type of commission at issue, including a deferred commission;  and

(C) the month and year in which the commission was earned;

(2) the name of the broker and the real estate license number of the broker;

(3) the name as reflected in the broker's records of any person who the broker believes is obligated to pay the commission under the commission agreement;

(4) the name as reflected in the broker's records of any person the broker believes to be an owner of the commercial real estate interest on which the lien is claimed;

(5) a description legally sufficient for identification of the commercial real estate interest sought to be charged with the lien;

(6) the name of any cooperating broker or principal in the transaction with whom the broker intends to share the commission and the dollar or percentage amount to be shared;  and

(7) a copy of the commission agreement on which the lien is based.

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Cite this article: FindLaw.com - Texas Property Code - PROP § 62.025. Contents of Notice of Lien - last updated January 01, 2024 | https://codes.findlaw.com/tx/property-code/prop-sect-62-025/

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