Sample Exclusive Leasing Agreement printable pdf download

SAMPLE EXCLUSIVE LEASING AGREEMENT

Thursday, April 04, 2013

The undersigned, ________________________________________ , hereinafter called “Owner,” has the right, title and

authority to lease the following described property, _____________________________________________________ Il.

(“Property”) and agrees to do so under the following terms: lease price: $___________, or such lesser price as

Owner may agree to accept.

In consideration of the agreement of Inc. (“Agent”) will use its best effort to lease the

Property, Owner hereby appoints Agent as the exclusive Agent and grants Agent the exclusive right to lease

the Property during the period from ________ and terminating 365 days thereafter. Agent agrees to list the

Property with other commercial real estate brokers and in the listing database that Agent subscribes to. Owner

agrees to cooperate fully with Agent, to refer all inquiries to Agent and to conduct all negotiations through

Agent.

In the event the Property is leased through the efforts of Agent, or if Agent procures a ready, willing and able

individual or entity to lease the Property, or in the event the Property is leased by Owner or anyone else while

this Agreement is in full force and effect, Owner agrees to pay Agent a commission in accordance with the

schedule contained in this document.

Said commission shall be paid at the time of the closing of the Property or, at the time a lease is fully signed,

tenant has taken possession and paid Security Deposit and first month’s rent, or in the event Agent procures a

credit worthy, ready, willing and able individual or entity to lease the Property, at the time of such refusal by

Owner. Agent is authorized to receive advance rent and lease security deposits directly from the tenant and

after deducting the commission payments owed, Broker shall remit the balance available to landlord as

tenant’s first month’s rent and lease security. If within 180 days after the termination or expiration of the Term of

Agreement: (a) the Property is leased to a person or party whom Agent has submitted the Property prior to the

termination or expiration of the Term of the Agreement; (b) the Property is leased to such person or party, or (c)

negotiations continue, commence or resume and thereafter continue and lead to either of the foregoing

events, Agent is to receive a fee in accordance with this agreement.

Owner authorizes Agent to place a sign on the Property. Agent’s sole duty is to effect a lease of the Property,

and Agent is not charged with custody of the Property, its management, maintenance, upkeep or repair

provided, however, nothing herein contained shall prohibit Agent from entering the Property for the purpose of

showing it to prospective Lessees during normal business hours.

Subject to Owner’s prior written approval, Owner agrees to reimburse Agent for advertising and promotional

costs and expenses incurred under this agreement, provided such costs and expenses shall not exceed

$________.

COMMISSION SCHEDULE

NEW OFFICE LEASES & OFFICE LEASE RENEWALS: _____ per rentable square foot for each year in the lease term.

NEW RETAIL LEASES & RETAIL LEASE RENEWALS:

_____ percent of the total net rental amounts paid during the

entire lease term.

In the event a Lease with an option to buy is executed, the stated Lease commission will be due upon the

signing of the lease. In the event the option to buy is exercised, then the sales commission will be according to

the schedule below, less any unamortized lease commission, will be due at closing.

COMMISSION OVERRIDE

In the event the Tenant is represented by an outside broker, agent shall receive an override commission equal

to 150% of the amounts detailed in the commission schedule and the total commission shall be divided

between the brokers with the cooperating agent receiving 1 full commission and Inc.

receiving an additional ½ commission. The outside broker shall be offered a commission equal to the

commission calculation described above. In the event that outside broker requests a commission that is

greater than the commission described above, then agent shall have outside broker present their request in

162 West Hubbard Street Chicago Illinois 60610

tel: 312-840-9500 fax: 312-840-9002

Sample Exclusive Leasing Agreement

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