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Michigan Compiled Laws Complete Through PA 115 of 2018
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Act 201 of 2010
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COMMERCIAL REAL ESTATE BROKER'S LIEN ACT

Act 201 of 2010

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


© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

DocumentTypeDescription
Section 570.581SectionShort title.
Section 570.582SectionDefinitions.
Section 570.583SectionCommercial real estate broker's lien; availability.
Section 570.584SectionLien; 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 570.585SectionEscrow account; establishment to satisfy lien; release.
Section 570.586SectionAction to enforce lien; complaint.
Section 570.587SectionCommencement of action; time period.
Section 570.588SectionSale of interest in commercial real estate; court order; order of foreclosure; period of redemption; order of deficiency judgment; costs.
Section 570.589SectionWritten demand on behalf of owner of commercial real estate; service.
Section 570.590SectionCondition prohibiting compensation; release of lien.
Section 570.591SectionPayment of claim or failure to commence action; release of lien.
Section 570.592SectionPartial payment of lien claim; partial satisfaction and release of lien; form.
Section 570.593SectionPriority of subsequently recorded mortgage; condition.
Section 570.594SectionWritten commission agreement signed after effective date of act; applicability.
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