There is a newer version of the Michigan Compiled Laws
2015 Michigan Compiled Laws
Chapter 570 - Liens
Act 201 of 2010 COMMERCIAL REAL ESTATE BROKER'S LIEN ACT (570.581 - 570.594)
AN ACT to create a lien against real property for unpaid commercial real estate broker's commissions and services; and to provide remedies.
History: 2010, Act 201, Imd. Eff. Oct. 5, 2010
- Section 570.581 Short title.
- Section 570.582 Definitions.
- Section 570.583 Commercial real estate broker's lien; availability.
- Section 570.584 Lien; attachment; conditions; recording; time of filing; contents of claim; form; mailing; claim of lien as void and unenforceable; priority of prior-recorded lien or mortgage; "lease" defined.
- Section 570.585 Escrow account; establishment to satisfy lien; release.
- Section 570.586 Action to enforce lien; complaint.
- Section 570.587 Commencement of action; time period.
- Section 570.588 Sale of interest in commercial real estate; court order; order of foreclosure; period of redemption; order of deficiency judgment; costs.
- Section 570.589 Written demand on behalf of owner of commercial real estate; service.
- Section 570.590 Condition prohibiting compensation; release of lien.
- Section 570.591 Payment of claim or failure to commence action; release of lien.
- Section 570.592 Partial payment of lien claim; partial satisfaction and release of lien; form.
- Section 570.593 Priority of subsequently recorded mortgage; condition.
- Section 570.594 Written commission agreement signed after effective date of act; applicability.
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