Ohio Broker's Lien Affidavit
Understanding this form
The Broker's Lien Affidavit is a legal document that allows brokers in Ohio to establish a lien against a property owner's property due to unpaid commissions or fees. This form is essential for brokers seeking legal recourse when property owners fail to pay for real estate services rendered, thereby differentiating it from other types of lien documents or claims related to property disputes.
Form components explained
- Identification of the broker and their licensing details.
- Details of the listing contract between the broker and the property owner.
- Information about the property involved, including parcel numbers and legal descriptions.
- Terms of payment and commission structure agreed upon in the contract.
- Declaration of attempts made by the broker to secure buyers for the property.
- Statement confirming the accuracy of the affidavit information.
Situations where this form applies
This form should be used when a broker has not received payment for their services related to a property sale or lease. If the broker has a valid listing contract and has fulfilled their obligations, yet the property owner has failed to pay the agreed commission, this affidavit can be filed to secure a lien against the property. It is particularly useful for brokers seeking to protect their financial interests in real estate transactions.
Intended users of this form
This form is intended for:
- Real estate brokers or agents in Ohio.
- Property owners involved in real estate transactions where commissions are owed.
- Legal professionals representing brokers in lien establishment matters.
How to prepare this document
- Identify the broker and enter their licensing information as issued by the Ohio Division of Real Estate & Professional Licensing.
- Provide the details of the property owner and the property involved, including the legal description and parcel numbers.
- Document the terms of the listing contract, including the agreed commission percentage.
- State the amount of commission owed based on the selling price of the property.
- Sign and date the affidavit before a notary public to authenticate the document.
Does this form need to be notarized?
Yes, this form must be notarized to be legally valid. This ensures that the information provided is confirmed and authenticated, providing a layer of protection for both the broker and the property owner. US Legal Forms offers integrated online notarization for convenience, allowing users to complete the notarization process securely via video call, twenty-four hours a day, without the need for travel.
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If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes to avoid
- Failing to accurately describe the property or provide correct parcel numbers.
- Omitting relevant details from the listing contract, such as commission rates.
- Not notarizing the affidavit, which may invalidate the lien.
- Submitting the affidavit without verifying compliance with local state requirements.
Why complete this form online
- Convenience of instant download, allowing for prompt filing.
- Editability, making it simple to customize the affidavit as per specific needs.
- Access to legally-reviewed templates, ensuring compliance with Ohio laws.
