58-30a11. Additional compensation due; action to foreclose lien, time, when. Any action to foreclose a lien to collect additional compensation must be commenced within two years of the date of the transaction on which the additional compensation is claimed. If the property is sold or otherwise conveyed prior to the date on which additional compensation is due, and if the broker has filed a valid notice of lien prior to the sale or other conveyance of the property, the purchaser or transferee shall be deemed to have notice of and shall take title to the property subject to the notice of lien. If a broker claiming additional compensation fails to record its notice of lien for additional compensation prior to the recording of a deed conveying legal title to the property to the purchaser or transferee, such broker may not claim a lien on the property. The provisions of this subsection shall not limit or otherwise affect claims or defenses a broker, owner or other party may have on any other basis, in law or in equity.
History: L. 2005, ch. 179, ยง 11; July 1.
Structure Kansas Statutes
Chapter 58 - Personal And Real Property
Article 30a - Commercial Real Estate Broker Lien Act
58-30a03 Amount of lien; conditions.
58-30a06 Compensation paid in installments; when lien is effective and attaches.
58-30a09 Leases; sublease or assignment of lease; notice; attachment.
58-30a10 When additional compensation is owed.
58-30a11 Additional compensation due; action to foreclose lien, time, when.
58-30a12 Broker precluded from receiving compensation; release or satisfaction of lien.
58-30a13 Notice of lien for owner; failure to provide.
58-30a14 Enforcement of lien; foreclosure petition; priority of liens.
58-30a15 Failure to file suit to foreclose lien.
58-30a16 Recording of satisfaction or release of lien, when required.
58-30a17 Who may demand the entering of satisfaction or release of lien.