Title 44, Chapter 14, Section 602
( 44-14-602)
(a) Any real estate broker who is not an employee or independent
contractor of another real estate broker shall have a lien, in the
amount of the compensation agreed upon by and between the broker and
the landlord or seller or other client or customer, upon commercial
real estate or any interest in commercial real estate: (1) Arising out of a listing agreement or any other agreement for
the management, sale, or lease of or otherwise conveying any
interest in the commercial real estate as evidenced by a writing
signed by the owner or its expressly authorized agent and with
written notice to the party whose property may be liened, if
different from the parties to the agreement; (2) As to which the broker or broker's employees or independent
contractors have provided licensed services that result in the
procuring of a person or entity ready, willing, and able to enter
and who actually enters into a purchase or lease or otherwise
accepts a conveyance of the commercial real estate or any interest
in the commercial real estate upon terms acceptable to the owner
as evidenced by an agreement or conveyance signed by the owner or
its expressly authorized agent and with written notice to the
party whose property may be liened, if different from the parties
to the agreement; or (3) When a broker having a written agreement with a prospective
buyer or tenant to represent the buyer or tenant as to the
purchase, lease, or other conveyance of commercial real estate
becomes entitled to compensation and with written notice to the
party whose property may be liened, if different from the parties
to the agreement. (b) A lien shall attach to the commercial real estate, or any
interest in commercial real estate as described in subsection (a) of
this Code section, upon the broker's recording a notice of lien in
the county land records in the office of the clerk of the superior
court in the county in which the real property or interest in the
real property is located. (c) When payment to a broker is due in one lump sum and not paid,
the claim for lien must be recorded within 90 days after the tenant
takes possession of the leased premises or the transaction procured
by the broker is closed. (d) When payment to a broker is due in installments, all or a
portion of which is due only after a conveyance of the commercial
real estate, any claim for lien for those payments due after
conveyance may be recorded at any time subsequent to the conveyance
so long as the claim for lien is recorded within 90 days of the date
the payment was due and not paid. (e) If a broker has a written agreement with a client as provided
for in paragraph (3) of subsection (a) of this Code section, then
the lien shall attach to the client's interest upon the client's
purchasing, leasing, or otherwise accepting a conveyance of the
commercial real estate and the recording of a notice of lien by the
broker in the county land records, in the office of the clerk of the
superior court of the county in which the real property or interest
in the real property is located, within 90 days after the later of
purchase, lease, or other conveyance or transfer to the buyer or
tenant or the failure of the buyer or tenant to compensate the
broker or to cause the broker to be compensated pursuant to its
agreement. (f) If a broker has a written management agreement for an improved
property, then the claim for lien must be recorded within 90 days of
the termination of the agreement. (g) If a broker claims a lien based upon an option to purchase or
lease, the lien must be filed within 90 days of the date the
transaction for which a commission or other fee is due or within 90
days of the date the transaction for sale, lease, or other
conveyance is closed, whichever is later. (h) The lien notice shall state the name of the claimant, the name
of the owner, a description of the property upon which the lien is
being claimed, the amount for which the lien is claimed, and the
real estate license number of the broker. The notice of lien shall
recite that the information contained in the notice is true and
accurate to the knowledge of the signatory. The lien notice shall
recite that the broker has disclosed to all parties that a lien
might be claimed under this part. The notice of lien shall be
signed by the broker or by a person expressly authorized to sign on
behalf of the broker and shall be verified. (i) The broker shall mail a copy of the notice of lien to the owner
of the commercial real estate by certified mail or statutory
overnight delivery. The broker's lien shall be void and
unenforceable if recording does not occur within the time and in the
manner required by this Code section. (j)(1) A broker may bring suit to enforce a lien in the superior
court in the county where the property is located by filing a
verified complaint and sworn affidavit that the lien has been
recorded. Within one year after recording the lien, the broker
claiming a lien shall commence proceedings by filing a complaint.
Failure to commence proceedings within one year after recording
the lien shall extinguish the lien. A broker claiming a lien
based upon an option to purchase or lease shall, within six months
after the transfer or conveyance of the commercial real estate
under the exercise of the option, commence proceedings by filing a
complaint. Failure to commence proceedings within this time shall
extinguish the lien. (2) No subsequent notice of lien may be given for the same claim
nor may that notice be asserted in any proceedings under this
part. (3) A complaint under this subsection shall contain a brief statement of the contract or agreement on which the lien is founded, the date when the contract or agreement was made, a description of the services performed, the amount due and unpaid, a description of the property that is subject to the lien, and other facts necessary to state a claim for the payment of a commission, fee, or other compensation due the broker. The plaintiff shall make all interested parties, whose interest in the real estate is affected by the action, and of whom the plaintiff is notified or has knowledge, defendants to the action, and shall issue summons and provide service as in other civil actions. Complaint, answer, summons, service, and all other particulars of suit shall be made in accordance with Chapter 11 of Title 9, the "Georgia Civil Practice Act." All liens claimed under this part shall be foreclosed as provided for in Code Section 44-14-530. (k) The costs and expenses of all proceedings brought under this
part, including reasonable attorney's fees actually incurred, costs,
and prejudgment interests due to the prevailing party, shall be
borne by the nonprevailing party or parties. When more than one
party is responsible for costs, fees, and prejudgment interests, the
costs, fees, and prejudgment interests shall be equitably
apportioned by the court among those responsible parties. |