|
Important
Note:
Forms are to be used as a guide only to assist you. No liability is assumed for errors in substance or form. It is your responsibility to revise the forms to meet current law
requirements and your particular situation. No liability is assumed for improper use of these forms.
|
CONTRACT
EMPLOYING REAL ESTATE
BROKER
FOR LEASE OF PROPERTY
This agreement
dated _______________________, is made By and Between
____________________,
whose address is ______________________, referred to as "Owner",
AND
_______________________, whose address is ____________________, referred to as
"Broker."
1. Property.
Owner is the owner of the following real estate:
2. Employment of
Broker. Owner gives the Broker the sole right to rent space in the above
property to
prospective tenants.
3. Commission.
Owner agrees to pay the Broker a commission of ______ DOLLARS
($_________) for
services in obtaining the tenants and in negotiating and closing each lease.
Owner reserves
the right to reject any such lease and will not be responsible for any
commission
unless and until
Owner accepts the lease and receive payment therefore. A commission of ______
DOLLARS
($_________) will be payable for renewals of leases originally obtained by the
Broker.
All commissions
will be paid out of rents received.
4. Sole Agency.
I agree to refer all inquiries from prospective tenants or their agents to the
Broker. The
Broker agrees to use his or her best efforts to lease the property to such
prospects.
5. Other
Brokers. The Broker agrees to obtain the assistance of other brokers, as
required,
and to pay same
out of the aforesaid commissions provided for in this agreement. In no event
shall
Owner be liable
for additional commissions due to the efforts of any other broker.
6.
Advertisement. The Broker and all other brokers as noted above shall be entitled
to
advertise the
rental of this property and take all necessary steps in accordance with this
agreement.
7. Signs. The
Broker will provide suitable sign or signs to be placed on the property, subject
to my approval.
8. Term of
Agreement. This agreement shall remain effective until
____________________,
unless terminated prior thereto.
9. Termination.
Either party may terminate this contract on twenty (20) days notice. Such
termination
shall not limit the Brokers right to commissions resulting from pending
negotiations
and pending
leases. However, no commissions shall be paid from rents received three (3)
months
after the
termination of this agreement.
10. Signatures.
Both the Broker and Owner agree to the above:
Witnessed by:
_____________________________
____________________________
"OWNER"
_____________________________
___________________________
"BROKER"
|