Contents of Notice of Lien

Sec. 62.025. CONTENTS OF NOTICE OF LIEN. The notice of lien must be signed by the broker or by a person authorized to sign on behalf of the broker and must contain the following: (1) a sworn statement of the nature and amount of the claim, including: (A) the commission amount or the formula used to determine the commission; (B) the type of commission at issue, including a deferred commission; and (C) the month and year in which the commission was earned; (2) the name of the broker and the real estate license number of the broker; (3) the name as reflected in the broker's records of any person who the broker believes is obligated to pay the commission under the commission agreement; (4) the name as reflected in the broker's records of any person the broker believes to be an owner of the commercial real estate interest on which the lien is claimed; (5) a description legally sufficient for identification of the commercial real estate interest sought to be charged with the lien; (6) the name of any cooperating broker or principal in the transaction with whom the broker intends to share the commission and the dollar or percentage amount to be shared; and (7) a copy of the commission agreement on which the lien is based. Added by Acts 1999, 76th Leg., ch. 1571, Sec. 1, eff. Aug. 30, 1999.