SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

1996 SESSION

  • | print version

HB 1327 Commercial Real Estate Broker's Lien Act.

Introduced by: Eric I. Cantor | all patrons    ...    notes | add to my profiles

SUMMARY:

Commercial Real Estate Broker's Lien Act. Increases the maximum amount of a broker's lien on the rent of commercial real estate from 5 to 20 years' rent due. The bill also provides that (i) once properly recorded, a broker's lien has priority over all liens recorded subsequent thereto and (ii) nothing shall be construed to prevent a subsequent purchaser of commercial real estate subject to a broker's lien from establishing an escrow fund at settlement sufficient to satisfy the lien.


FULL TEXT

AMENDMENTS

HISTORY