Commercial Exclusive Right To Lease Listing Agreement printable pdf download

COMMERCIAL EXCLUSIVE RIGHT-TO-LEASE LISTING AGREEMENT

FOR OFFICE USE ONLY

ML#______________

To: ___________________________________________________________________________________________________________

(Real Estate Company, hereinafter referred to as BROKER)

1. In consideration of your agreement to use your efforts to find a Tenant willing to lease that property legally described as:

__________________________________________________________________________________________________________

___________________________________________________________________________________________________________

Also known as:

Address______________________________________________ City of ________________________ County of _______________

Specific Space_______________________________________________________________________________________________

2. I, the LANDLORD, hereby give you the exclusive right and authority to find a Tenant for the above referenced property at the

following rate and terms, or at any other rate and terms acceptable to me, and this exclusive right and authority shall be in effect for a

period of _______ months commencing on this _______ day of ____________________, 20______.

Rental Terms

______________________________________________________________________________________________________________

As a consideration for the services to be rendered by the BROKER, I, the LANDLORD will pay the BROKER’s brokerage in

accordance with the following schedule:

A. ______% of the gross rent to be paid under the lease (the brokerage rate) for the base term of the lease.

B. ______% of the gross rent to be paid under the lease during any elected option period contained in the lease, or any lease renewal

thereafter between the parties.

C. The brokerage rate(s) set forth above shall apply to the initial space occupied by the Tenant and to any additional space leased to

the Tenant during the base term, option or lease renewal.

D. All brokerage that is due will be paid in full to the BROKER for the base term upon execution of the base lease. Upon election of

any option periods of the lease, LANDLORD shall pay full brokerage for option period. Right to brokerage shall not be affected

because of the failure of the parties to complete the occupancy(s) contemplated. LANDLORD must advise BROKER of election

of option within five (5) days of such election.

E. If during the term of this AGREEMENT, or ______ days immediately thereafter or during any lease procured as a result of it, the

landlord shall enter into a contract for sale of the above referenced property, or any part thereof, to a Tenant secured by the

BROKER, BROKER shall be entitled to a brokerage of ______% of the selling price, or $__________.

F. If during this LISTING AGREEMENT or ______ days immediately thereafter, LANDLORD shall enter into a lease agreement

with any person to whom space in the property or information about such space had been submitted during the term of this

AGREEMENT, either by the BROKER or by any Cooperating Broker, the LANDLORD shall forthwith be obligated to pay the

brokerage herein provided.

G. The brokerage(s) provided for herein are to be paid to BROKER whether the Tenant is procured through the services of the

BROKER, through the services of the LANDLORD, or through the services of any third person.

H. For all purposes hereof, the leasing of the property shall be deemed to have occurred, thus resulting in the brokerage being

earned and payable, when (1) LANDLORD and Tenant have executed a lease document; (2) without an executed lease

document, Tenant has possession and has paid rent to LANDLORD for that month of possession; (3) LANDLORD and Tenant

enter into joint venture agreement, or a partnership, whereas the above listed property becomes a part of the above joint venture

or partnership agreement.

The parties recognize (and the LANDLORD approves the fact) that the BROKER is acting in a similar capacity with respect to

other properties in the subject marketplace.

In the event LANDLORD fails to make payment within the time limits called for herein, then from the date due until paid, the

delinquent payment shall bear interest at the maximum legal rate of the state.

Landlord [

] [

] Salesperson [

] [

]

This Form Has Been Approved by the South Broward Board of REALTORS®,Inc.

CERTL

Page 1 of 2

11/12/02

Commercial Exclusive Right To Lease Listing Agreement

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