§ 14-301
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/md/real-property/14-301A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§14–301.
(a)In this subtitle the following words have the meanings indicated unless the context requires otherwise.
(b)“Broker” means:
(1)An individual licensed as, or otherwise authorized to act as, a real estate broker under Title 17 of the Business Occupations and Professions Article; or
(2)A corporation or partnership authorized to provide real estate brokerage services under Title 17 of the Business Occupations and Professions Article.
(c)“Broker’s lien” means a lien established in accordance with this subtitle.
(d)“Claimant” means a broker claiming a broker’s lien under this subtitle.
(e)“Commercial lease” means a lease of building floor space intended to be used by the tenant for a nonresidential use whether or not the lease expressly sets forth a use.
(1)“Commercial leasing brokerage agreement” or “brokerage agreement” means a written agreement between a broker and the owner of commercial property that provides for the payment of a commercial leasing commission by the owner to the broker for services in obtaining a commercial tenant regardless as to whether the broker acted as the agent for the owner or the commercial tenant.
(2)“Commercial leasing brokerage agreement” or “brokerage agreement” includes a written unilateral offer from an owner of commercial property to one or more brokers, including the broker claiming a lien under this subtitle.
(g)“Commercial leasing commission” or “commission” means the compensation payable by the owner of commercial property to a broker for obtaining a commercial tenant under a commercial leasing brokerage agreement.
(h)“Commercial property” means land, and any improvements on the land, used or intended to be used for a nonresidential purpose.
(i)“Commercial tenant” means a tenant under a commercial lease.
(j)“Lien property” means the commercial property against which a broker’s lien is claimed or against which a broker’s lien has attached under this subtitle.
(k)“Owner” means the owner of the commercial property.