Terms Used In Kansas Statutes 58-30a08

  • Commercial real estate: means any real estate and any interest therein, except:

    (1) Real estate containing one to four residential units;

    (2) real estate containing single-family residential units such as condominiums, townhouses or homes in a subdivision when sold, leased or otherwise conveyed on a unit by unit basis, even though these units may be a part of a larger building or parcel of real estate containing more than four residential units;

    (3) real estate on which no buildings or structures are located and which is zoned for single-family residential use; or

    (4) real estate used for agricultural purposes. See Kansas Statutes 58-30a02

  • Lien: A claim against real or personal property in satisfaction of a debt.

If the broker has a written agreement with a prospective buyer as provided in subsection (b) of Kan. Stat. Ann. § 58-30a03, and amendments thereto, the lien attaches when the broker records a notice of the lien within 90 days after the purchase, conveyance or transfer in the office of the register of deeds in the county in which the commercial real estate is located.