What type of agreements does the Commercial Real Estate Leasing Commission Lien Act pertain to?

The Commercial Real Estate Leasing Commission Lien Act specifically pertains to brokerage agreements related to commercial leasing. This act is designed to provide protection and ensure that commercial brokers and their interests are recognized when it comes to leasing commercial properties. It establishes the ability for brokers to place a lien on a property for unpaid commissions, which is essential in the commercial real estate sector where large transactions and contracts are the norm.

In contrast, residential property leases do not fall under this particular act, as they are governed by different laws and regulations aimed at addressing the concerns of residential tenants and landlords. Similarly, property management agreements and vacancy rental agreements are not included under the Commercial Real Estate Leasing Commission Lien Act, as they pertain to different aspects of real estate management and leasing that do not involve the same commission lien protections for brokers engaged in commercial transactions.