Maryland Real Property Section 14-301

Article - Real Property

§ 14-301.

      (a)      In this subtitle the following words have the meanings indicated unless the context requires otherwise.

      (b)      "Broker" means:

            (1)      An individual licensed as, or otherwise authorized to act as, a real estate broker under Title 17 of the Business Occupations and Professions Article; or

            (2)      A corporation or partnership authorized to provide real estate brokerage services under Title 17 of the Business Occupations and Professions Article.

      (c)      "Broker's lien" means a lien established in accordance with this subtitle.

      (d)      "Claimant" means a broker claiming a broker's lien under this subtitle.

      (e)      "Commercial lease" means a lease of building floor space intended to be used by the tenant for a nonresidential use whether or not the lease expressly sets forth a use.

      (f)      (1)      "Commercial leasing brokerage agreement" or "brokerage agreement" means a written agreement between a broker and the owner of commercial property that provides for the payment of a commercial leasing commission by the owner to the broker for services in obtaining a commercial tenant regardless as to whether the broker acted as the agent for the owner or the commercial tenant.

            (2)      "Commercial leasing brokerage agreement" or "brokerage agreement" includes a written unilateral offer from an owner of commercial property to one or more brokers, including the broker claiming a lien under this subtitle.

      (g)      "Commercial leasing commission" or "commission" means the compensation payable by the owner of commercial property to a broker for obtaining a commercial tenant under a commercial leasing brokerage agreement.

      (h)      "Commercial property" means land, and any improvements on the land, used or intended to be used for a nonresidential purpose.

      (i)      "Commercial tenant" means a tenant under a commercial lease.

      (j)      "Lien property" means the commercial property against which a broker's lien is claimed or against which a broker's lien has attached under this subtitle.

      (k)      "Owner" means the owner of the commercial property.



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