Texas Statutes (Last Updated: January 4, 2014) |
PROPERTY CODE |
Title 5. EXEMPT PROPERTY AND LIENS |
Subtitle B. LIENS |
Chapter 62. BROKER'S AND APPRAISER'S LIEN ON COMMERCIAL REAL ESTATE |
Subchapter B. BROKER'S LIEN |
Sec. 62.025. CONTENTS OF NOTICE OF LIEN
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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.