58-30a06. Compensation paid in installments; when lien is effective and attaches. - Kansas Statutes

58-30a06

Chapter 58.--PERSONAL AND REAL PROPERTY Part 6.--MISCELLANEOUS PROVISIONS Article 30a.--COMMERCIAL REAL ESTATE BROKER LIEN ACT

      58-30a06.   Compensation paid in installments; whenlien is effective and attaches.If compensation to a broker is due in installments and aportion of thecompensation is due afterthe conveyance or transfer of the commercial real estate, any claim for a lienforinstallment payments due after the transfer or conveyance of such real estatemay berecorded any time after the transfer or conveyance of the commercial realestate on behalf of a broker who represented the current owner of the realestate but mustbe recorded before the date on which the payment is due. Such lien shall beeffective as alien against the commercial real estate only to the extent moneys are stillowed to thebroker. A single claim for a lien recorded before the transfer or conveyance ofthecommercial real estate, claiming all moneys due under an installment paymentagreement is not valid or enforceable to the extent of the payments due afterthe transferor conveyance. The lien attaches for purposes of this paragraph when the claimfor lien isrecorded.

      History:   L. 2005, ch. 179, § 6; July 1.