New Hampshire Revised Statutes 447-A:2 – Principal Broker’s Lien
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Terms Used In New Hampshire Revised Statutes 447-A:2
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Lien: A claim against real or personal property in satisfaction of a debt.
- real estate: shall include lands, tenements, and hereditaments, and all rights thereto and interests therein. See New Hampshire Revised Statutes 21:21
If a principal broker is entitled to a fee, commission, or property management fee pursuant to a written contract signed by the owner, buyer, or tenant of commercial real estate, or the owner’s, buyer’s, or tenant’s duly authorized agent, pertaining to the sale or lease of said commercial real estate, then the principal broker shall have the right to record a notice of lien in the amount of the fee, commission, or property management fee.