Md. Code, Real. Prop. § 14-301
Current with changes from the 2024 Legislative Session, chs. 2--407, effective on or before 7/1/2024
Section 14-301 - Definitions(a) In this subtitle the following words have the meanings indicated unless the context requires otherwise.(b) "Broker" means: (1) An individual licensed as, or otherwise authorized to act as, a real estate broker under Title 17 of the Business Occupations and Professions Article; or(2) A corporation or partnership authorized to provide real estate brokerage services under Title 17 of the Business Occupations and Professions Article.(c) "Broker's lien" means a lien established in accordance with this subtitle.(d) "Claimant" means a broker claiming a broker's lien under this subtitle.(e) "Commercial lease" means a lease of building floor space intended to be used by the tenant for a nonresidential use whether or not the lease expressly sets forth a use.(f)(1) "Commercial leasing brokerage agreement" or "brokerage agreement" means a written agreement between a broker and the owner of commercial property that provides for the payment of a commercial leasing commission by the owner to the broker for services in obtaining a commercial tenant regardless as to whether the broker acted as the agent for the owner or the commercial tenant.(2) "Commercial leasing brokerage agreement" or "brokerage agreement" includes a written unilateral offer from an owner of commercial property to one or more brokers, including the broker claiming a lien under this subtitle.(g) "Commercial leasing commission" or "commission" means the compensation payable by the owner of commercial property to a broker for obtaining a commercial tenant under a commercial leasing brokerage agreement.(h) "Commercial property" means land, and any improvements on the land, used or intended to be used for a nonresidential purpose.(i) "Commercial tenant" means a tenant under a commercial lease.(j) "Lien property" means the commercial property against which a broker's lien is claimed or against which a broker's lien has attached under this subtitle.(k) "Owner" means the owner of the commercial property.