Terms Used In Michigan Laws 570.586

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Claim of lien: means a claim of a commercial real estate broker's lien asserted under this act. See Michigan Laws 570.582
  • Commercial real estate: means real estate or an interest in real estate that is not any of the following:
  (i) Real estate zoned for single-family use and on which no building or structure is located. See Michigan Laws 570.582
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Contract: A legal written agreement that becomes binding when signed.
  • 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
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  •   (1) A person claiming a commercial real estate broker’s lien may bring an action to enforce the lien in the circuit court for the county where the commercial real estate is located by filing a complaint and affidavit that the claim of lien has been recorded.
      (2) The plaintiff in an action under this section shall name as defendants all persons that, at the time the action is filed, have an interest in the commercial real estate that is the subject of the action that would be divested or impaired by the foreclosure of the lien.
      (3) The complaint in an action under this section may include a claim on the contract from which the lien arises.