Legal Letters Library – Contract Employing Real Estate Broker For Lease Of Property

 

Corporation Forms

70. Stock Purchase Agreement

71. Stock Redemption Agreement

72. The First Meeting Of Shareholders Ratification Of Minutes

73. Transfer Of Reserved Name Notice

74. Waiver Of Notice Of The Annual Meeting Of The Shareholders

Property Forms

75. Agreement of Property Management

76. Assignment of Contract for Purchase Of Real Estate

77. Assignment Of Lease By Lessee With Consent Of Lessor

78. Assignment Of Real Estate Purchase And Sale Agreement

79. Assignments Of Rents By Lessor With Repurchase Agreement

80. Balloon Mortgage Note

81. Construction Contract

82. Contract Employing Real Estate Broker For Lease Of Property

83. Contract Employing Real Estate Broker For Sale Of Property

84. Contract For Sale And Purchase Of Property Memorandum

85. Issuance Of Shares In Exchange For Realty Resolution - Authorization

86. Lease

87. Management of Single Family House

88. Mortgage

89. Mortgage Assignment

90. Mortgage II

91. Non-refundable Deposit Receipt

92. Offer To Exchange Realty For Shares Resolution - Acceptance

93. Option Agreement For Purchase Of Real Property

94. Option To Purchase Real Estate Assignment

95. Quit-claim Deed

96. Real Estate Salesman Independent Contractor Agreement

97. Rent Receipt

Previous Page

First Set

CONTRACT EMPLOYING
REAL ESTATE
BROKER
FOR LEASE OF PROPERTY

This agreement dated __________(1)___________, is made By and Between ________(2)__________, whose address is __________(3)__________, referred to as "Owner", AND ____________(4)_________, whose address is ________(5)__________, 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 __(6)__ DOLLARS ($_________) for services in obtaining the tenants and in negotiating and closing each lease. Owner reserves the right to reject any such lease and will not be responsible for any commission unless and until Owner accepts the lease and receive payment therefore. A commission of __(7)__ DOLLARS ($_________) 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 ________(8)__________, 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:

___________(9)________________ ____________(10)______________

"OWNER"

___________(9)________________ ___________(11)______________

"BROKER"

 

 


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