Terms Used In Kansas Statutes > Chapter 58 > Article 30a - Commercial Real Estate Broker Lien Act

• 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

• Compensation: means all amounts to be paid to a broker for services provided under a written agreement including, but not limited to, the broker's commission and any brokerage, management, consulting or other fees. See Kansas Statutes 58-30a02
• Contract: A legal written agreement that becomes binding when signed.
• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Lien: A claim against real or personal property in satisfaction of a debt.
• Plaintiff: The person who files the complaint in a civil lawsuit.
• Property: includes personal and real property. See Kansas Statutes 77-201
• Services: means any act or service for which compensation is paid and the performance of which requires a license under the real estate brokers' and salespersons' license act. See Kansas Statutes 58-30a02
• State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201