As a real estate broker or sales agent, securing your commission is vital, especially when working on a large commercial lease. Fortunately, New York Lien Law provides a legal remedy if you are not paid for your services. Under New York Lien Law § 10, brokers and sales agents have the right to file a […]
Filing an Unpaid Broker’s Mechanic’s Lien in New York with Speedy Lien In New York a real estate broker or salesperson can use a mechanics’ lien to collect an unpaid commission after procuring a tenant for a commercial landlord pursuant to New York Lien Law § 10. Brokers and contractors often find themselves navigating financial […]
In New York a real estate broker or sales agent can file a Mechanic’s Lien to collect an unpaid commission on a commercial lease only, pursuant to New York Lien Law § 10. The lease must be over 36 months. The Lien may be filed within eight months after the final payment is due, but in […]