Sec. 62.031. CHANGE IN USE OF REAL ESTATE. (a) Except as provided by Subsection (b), any change in the use of the real estate does not affect a broker's lien if the notice of the lien was filed when the real estate was commercial real estate.
(b) The broker's lien is extinguished if:
(1) not later than the 360th day after the date on which the broker's commission is payable, the commercial real estate interest on which a broker claims a lien is zoned for single-family use or restricted for single-family use under recorded restrictive covenants; and
(2) the zoning ordinances or restrictive covenants for single-family use are in effect until at least the second anniversary of the date the commission is payable.
Added by Acts 1999, 76th Leg., ch. 1571, Sec. 1, eff. Aug. 30, 1999.
Structure Texas Statutes
Title 5 - Exempt Property and Liens
Chapter 62 - Broker's and Appraiser's Lien on Commercial Real Estate
Section 62.021. Person Entitled to Lien
Section 62.022. Waiver, Release, or Discharge of Lien; Assumption of Commission Obligation
Section 62.023. Affidavit Identifying Broker
Section 62.024. Filing of Notice of Lien
Section 62.025. Contents of Notice of Lien
Section 62.026. Notice of Filing
Section 62.027. Inception of Broker's Lien