This office lease provision states that the landlord and tenant each warrant and represent to the other party that there was no broker, finder or similar person, other than those listed, entitled to a commission, fee or other compensation, instrumental in consummating the lease. It also states that no conversations or prior negotiations were had by the landlord or tenant, respectively, or anyone acting on behalf of the landlord or the tenant, respectively, with any broker, finder or similar person, other than those listed, concerning the renting of the demised premises.
Kentucky Lease Provisions Relating to Brokers
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State:
Multi-State
Control #:
US-OL29A07
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Word;
PDF
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FAQ
For both open account and written contracts, the statute begins to run from the date of default. Kentucky Judgments (both domestic and foreign judgments domesticated in Kentucky) are valid for fifteen (15) years and can be renewed.
What does a broker have to do in Kentucky to maintain their right to place a lien on a residential property? Obtain the buyer's agreement in writing to compensate the broker for broker services rendered.
To attach a lien, the creditor records the judgment with the county clerk for the Kentucky county where the debtor has property now or may have any property in the future.
About Kentucky Notice of Intent to Lien Form No one wants to be forced to file a mechanics lien, and this document gives all of the parties involved one final chance to take care of the payment issues on a project. This form advises the party that a lien will be filed if payment is not received within 10 days.
Purchase Contracts in Kentucky Contracts are required to include the terms and conditions of the sale, including payment amounts and the manner in which the buyer will provide financial consideration, details clarifying the rights and responsibilities of both parties, and the closing date of the transaction.
Under what circumstances can an out-of-state broker engage in commercial real estate within Kentucky? When the out-of-state broker has a valid cooperation agreement with a Kentucky-licensed cooperating broker.
Concurrently, a deposit, or earnest money, is paid to an escrow agent, an attorney, or broker (never to the seller directly).
The broker lien law allows a broker to acquire a lien on a property if they were not paid for the services provided. A violation of this law is seeking a lien without having anything in writing.
