58-30a10. When additional compensation is owed. - Kansas Statutes

58-30a10

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

      58-30a10.   When additional compensation isowed.If additional compensation is owed to a broker as a resultof theexercise of an option to expand the leased premises, the renewal or extensionof alease, the purchase of the property or other transaction pursuant to a writtenagreement signed by the current owner or tenant, the broker may record itsnotice of lien at any time after execution of the lease or other writtenagreement containing such option but not later than 90 days after theoccurrence of the transaction for which the additional commission is claimed.

      History:   L. 2005, ch. 179, § 10; July 1.