Ohio § 1311.86
Full text of Ohio Ohio Revised Code § 1311.86, with citation guidance and answers to common questions.
§ 1311.86.
(A) Any broker that enters into a written contract for services related to selling, leasing,
or conveying any interest in commercial real estate has a lien on that commercial
real estate. The lien is effective only if the contract for services is in writing and is signed
by the broker or the broker's agent and the owner of the lien property or the owner's
agent. (B) Any broker that enters into a written contract for services related to purchasing
any interest in commercial real estate has a lien on any real estate purchased pursuant
to that contract. The lien is effective only if the contract for services is in writing and is signed
by the broker or the broker's agent and the owner of the lien property or the owner's
agent. (C)(1) Only the broker named in the contract has a lien pursuant to this section and a lien
is not available to any employee or independent contractor of the broker. (2) The amount of a lien for services related to selling or conveying any interest in
commercial real estate is limited to the amount due to the broker pursuant to the
contract. If the amount due to the broker is payable in installments, a portion of which is
due after conveyance, the amount of the lien is limited to the amount due to the broker
prior to or upon conveyance. (3) The amount of a lien for services related to leasing any interest in commercial real
estate is limited to the amount due to the broker pursuant to the contract. If the amount due to the broker is payable in installments, the amount of the lien
is limited to the amount of all installment payments due to the broker over the life
of the contract, minus the amount of any installment payments made under the contract
prior to the time of the owner's default. (4) The amount of a lien for services related to purchasing any interest in commercial
real estate is limited to the amount due to the broker pursuant to the contract. If the amount due to the broker is payable in installments, the amount of the lien
is limited to the amount of all installment payments due to the broker over the life
of the contract, minus the amount of any installment payments made under the contract
prior to the time the lien is filed. (5) The lien is effective only against the interest in real estate that is the subject
of the contract.
Frequently Asked Questions About Ohio § 1311.86
What does Ohio Revised Code § 1311.86 cover?
Section 1311.86 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 1311.86?
A common citation format is "Ohio Revised Code § 1311.86" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1311.86 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.