Common use of BROKER’S COMPENSATION Clause in Contracts

BROKER’S COMPENSATION. Owner agrees that: a. Anytime during the term of this Agreement, the Property is vacant, Broker shall be paid a vacancy fee of b. Following the execution of a lease of the Property Broker shall be paid from the first full month’s rental a leasing fee of % of the first full month’s rental or $ , whichever is greater and lease renewal fee of $ upon renewal of the lease. c. Broker shall be paid a monthly management fee of $ or % of each month’s rental during the term of the lease and any renewals of the lease. d. If tenant or prospective tenant (someone who has been shown the Property by Broker or has completed a Lease Application) purchases the Property or the Property is purchased for the benefit of and/or on behalf of the tenant during the term of this Agreement or within days of the expiration or termination of this Agreement, Owner agrees to pay Broker a sales commission of % of the sales price. Provided, however, Broker shall deliver to Owner a list in writing of the name or names of such Prospective Tenants on the Expiration Date, or within ten (10) days of the notice of termination. If Owner enters into an exclusive listing agreement with another licensed real estate broker with respect to the Property, Owner agrees to exclude the "Prospective Tenant" from any such other exclusive listing agreement for and during the period stated herein e. If permitted by applicable law, Broker may collect from tenants any or all of the following: a charge for late payment of rent, a charge for returned or non-negotiable checks, a credit report fee, and administrative charge and Broker’s commission for sub-leasing. Owner agrees that such amounts may be retained by the Broker and Broker need not account to Owner for such charges or Broker's commission for sub-leasing. f. If during the term of this Agreement, Owner shall offer the Property for sale or exchange, Broker shall have the exclusive right to offer the Property for sale or exchange under such terms and conditions as agreed to in writing by Owner and Broker.

Appears in 1 contract

Samples: Residential Property Management and Exclusive Right to Lease Agreement

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BROKER’S COMPENSATION. Owner agrees that: a. Anytime during the term of this Agreement, the Property is vacant, Broker shall be paid a vacancy fee ofof $ per month until the Property is leased. b. Following the execution of a lease of the Property Broker shall be paid from the first full month’s rental a leasing fee of o f % of the first full month’s rental or $ , whichever is greater and lease renewal fee of $ upon renewal of the lease. c. Broker shall be paid a monthly management fee of $ or % of each month’s rental during the term of the lease and any renewals of the lease. d. If tenant or prospective tenant (someone who has been shown the Property by Broker or has completed a Lease Application) purchases the Property or the Property is purchased for the benefit of and/or on behalf of the tenant during the term of this Agreement or within days of the expiration or termination of this Agreement, Owner agrees to pay Broker a sales commission of % of the sales price. Provided, however, Broker Xxxxxx shall deliver to Owner a list in writing of the name or names of such Prospective Tenants on the Expiration Date, or within ten (10) days of the notice of termination. If Owner enters into an exclusive listing agreement with another licensed real estate broker with respect to the Property, Owner agrees to exclude the "Prospective Tenant" from any such other exclusive listing agreement for and during the period stated herein e. If permitted by applicable law, Broker may collect from tenants any or all of the following: a charge for late payment of rent, a charge for returned or non-negotiable checks, a credit report fee, and administrative charge and BrokerXxxxxx’s commission for sub-sub- leasing. Owner agrees that such amounts may be retained by the Broker and Broker need not account to Owner for such charges or Broker's Xxxxxx’s commission for sub-leasing. f. If during the term of this Agreement, Owner shall offer the Property for sale or exchange, Broker shall have the exclusive right to offer the Property for sale or exchange under such terms and conditions as agreed to in writing by Owner and Broker.

Appears in 1 contract

Samples: Residential Property Management and Exclusive Right to Lease Agreement

BROKER’S COMPENSATION. Owner agrees that: a. Anytime during the term of this Agreement, the Property is vacant, Broker shall be paid a vacancy fee ofof $ b. Following the execution of a lease of the Property Broker shall be paid from the first full month’s rental a leasing fee of % of the first full month’s rental or $ , whichever is greater and lease renewal fee of $ upon renewal of the lease.fee c. Broker shall be paid a monthly management fee of $ or % of each month’s rental during the term of the lease and any renewals of the lease. d. If tenant or prospective tenant (someone who has been shown the Property by Broker or has completed a Lease Application) purchases the Property or the Property is purchased for the benefit of and/or on behalf of the tenant during the term of this Agreement or within days of the expiration or termination of this Agreement, Owner agrees to pay Broker a sales commission of % of the sales price. Provided, however, Broker shall deliver to Owner a list in writing of the name or names of such Prospective Tenants on the Expiration Date, or within ten (10) days of the notice of termination. If Owner enters into an exclusive listing agreement with another licensed real estate broker with respect to the Property, Owner agrees to exclude the "Prospective Tenant" from any such other exclusive listing agreement for and during the period stated herein e. If permitted by applicable law, Broker may collect from tenants any or all of the following: a charge for late payment of rent, a charge for returned or non-negotiable checks, a credit report fee, and administrative charge and Broker’s commission for sub-sub- leasing. Owner agrees that such amounts may be retained by the Broker and Broker need not account to Owner for such charges or Broker's ’s commission for sub-leasing. f. If during the term of this Agreement, Owner shall offer the Property for sale or exchange, Broker shall have the exclusive right to offer the Property for sale or exchange under such terms and conditions as agreed to in writing by Owner and Broker.

Appears in 1 contract

Samples: Residential Property Management and Exclusive Right to Lease Agreement

BROKER’S COMPENSATION. Owner agrees that:The amount of Broker compensation is not prescribed by law or established by any membership organization with which the Broker is affiliated. a. Anytime during A. During the term of this Agreement, or any extension thereof: (i) Broker produces a ready, willing and able buyer to purchase the Property is vacant, Broker at the listing price and/or at such other price as shall be paid accepted by Seller or agreed upon in writing between Seller and Broker (the “Sale Price”); or (ii) Seller shall enter into a vacancy fee of b. Following the execution of a lease of written agreement to sell, lease, exchange, convey or transfer the Property to any person or entity whether such person or entity shall have been procured by Broker, by Seller or by any other person or entity, in which event Seller, within seventy-two (72) hours thereof, shall furnish Broker shall be paid from the first full month’s rental a leasing fee copy of % of the first full month’s rental or $ , whichever is greater and lease renewal fee of $ upon renewal of the lease.such written agreement; or c. Broker shall be paid a monthly management fee of $ or % of each month’s rental (iii) if during the term period of the lease and any renewals of the lease. d. If tenant or prospective tenant (someone who has been shown the Property by Broker or has completed a Lease Application) purchases the Property or the Property is purchased for the benefit of and/or on behalf of the tenant during the term of this Agreement or within days of following the expiration or termination of this Agreement, Owner agrees Seller shall enter into a written agreement to pay Broker a sales commission sell, lease, exchange, convey or transfer the Property to any person who or to any entity which, with knowledge of % Seller or any agent of Seller, inspected or made inquiry about the sales price. Provided, however, Broker shall deliver Property or negotiated to Owner a list in writing of purchase or exchange the name or names of such Prospective Tenants on the Expiration Date, or within ten (10) days of the notice of termination. If Owner enters into an exclusive listing agreement with another licensed real estate broker with respect to the Property, Owner agrees to exclude the "Prospective Tenant" from any such other exclusive listing agreement for and during the period stated herein e. If permitted by applicable law, Broker may collect from tenants any or all of the following: a charge for late payment of rent, a charge for returned or non-negotiable checks, a credit report fee, and administrative charge and Broker’s commission for sub-leasing. Owner agrees that such amounts may be retained by the Broker and Broker need not account to Owner for such charges or Broker's commission for sub-leasing. f. If Property during the term of this Agreement or any extension thereof, in which event Seller, within seventy-two (72) hours thereof, shall furnish Broker a copy of such written agreement; B. Seller defaults or voluntarily agrees to terminate a sale; or C. Seller breaches this Agreement, Owner . The Compensation due Broker shall offer be a charge against the Property for sale or exchangeand shall be paid at settlement as a convenience to Seller. However, Xxxxxx acknowledges and agrees that settlement on the Property shall not be a condition precedent to Seller’s obligation to Broker as herein provided. If Xxxxxx prevails in any action brought to obtain payment of the Compensation, Broker shall have the exclusive right also be entitled to offer recover in such action Broker’s reasonable attorney’s fees and court costs. If a deposit made on any contract of sale or other transfer of the Property is forfeited to Seller, or if all or part of the deposit is received by Seller as a settlement made by and between Seller and buyer, $ or % of the amount forfeited or received as settlement shall be paid to Broker for sale Broker’s services, but in no event shall the amount exceed an amount equal to the full Compensation specified herein. Seller shall have no obligation to pay the Compensation to Broker if the Property is listed by any other licensed real estate broker following the expiration of this Agreement, or exchange under any extension thereof, or following the termination of this Agreement as herein provided, unless such terms and conditions as agreed termination by Seller is for the purpose of avoiding the obligation of Seller to in writing by Owner and pay the Compensation to Broker.

Appears in 1 contract

Samples: Exclusive Right to Sell Residential Brokerage Agreement

BROKER’S COMPENSATION. Owner agrees thatto pay to Broker a leasing commission of % of one full month’s rent in any of the following events: a. Anytime The lease of the Property during the term of this Agreement, the Property is vacantwhether procured by Broker, Broker shall be paid Owner, or a vacancy fee ofthird person; b. Following the execution of a The lease of the Property Broker shall be paid from the first full month’s rental a leasing fee of % of the first full month’s rental or $ Property, whichever is greater and lease renewal fee of $ upon renewal of the lease. c. Broker shall be paid a monthly management fee of $ or % of each month’s rental during the term of the lease and any renewals of the lease. d. If tenant or prospective tenant (someone who has been shown the Property by Broker or has completed a Lease Application) purchases the Property or the Property is purchased for the benefit of and/or on behalf of the tenant during the term of this Agreement or within days of after the expiration Expiration Date or termination of this Agreement, Owner agrees to pay anyone to whom Broker a sales commission or any cooperating Broker has shown the Property, or with whom the Broker or any cooperating Broker has negotiated concerning the Property ("Prospective Tenants") prior to the Expiration Date or termination of % of the sales pricethis Agreement. Provided, however, Broker shall deliver to Owner a list in writing of the name or names of such Prospective Tenants on the Expiration Date, or within ten (10) days of the notice of termination. If Owner enters into an exclusive listing agreement with another licensed real estate broker with respect to the Property, Owner agrees to exclude the "Prospective Tenant" from any such other exclusive listing agreement for and during the period stated herein; c. If Owner refuses to lease after Broker procures a Tenant who is ready, willing, and able to lease the Property, at the price and on the terms set forth herein, or at such other price and terms as shall be acceptable to Owner; d. In the event the Lease is conditioned upon an option to purchase the Property and such option is exercised, Owner shall pay the Broker a sales commission equal to % of the sales price; e. If permitted by applicable law, Broker may collect from tenants any In the event the described Property is sold or all of the following: a charge for late payment of rent, a charge for returned or non-negotiable checks, a credit report fee, and administrative charge and Broker’s commission for sub-leasing. Owner agrees that such amounts may be retained by the Broker and Broker need not account to Owner for such charges or Broker's commission for sub-leasing. f. If exchanged during the term of this Agreement, Owner shall offer whether procured by Broker, Owner, or a third person to anyone to whom Broker or any cooperating Broker has shown the Property, or with whom the Broker or any cooperating Broker has negotiated concerning the Property for sale ("Prospective Tenants/Tenant") prior to the Expiration Date or exchangetermination of this Agreement, Owner agrees to pay Broker a sales commission of % of the sales price. Provided, however, Broker shall have the exclusive right deliver to offer the Property for sale or exchange under such terms and conditions as agreed to Owner a notice in writing by containing a list of the name or names of such Prospective Tenant/Tenants on the Expiration Date, or within ten (10) days of the notice of termination. If Owner enters into an exclusive listing agreement with another licensed real estate broker with respect to the Property, Owner agrees to exclude the "Prospective Tenant/Tenants" from any such other exclusive listing agreement for and Brokerduring the period stated herein.

Appears in 1 contract

Samples: Residential Listing Exclusive Right to Lease Agreement

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BROKER’S COMPENSATION. Owner agrees that: a. Anytime during the term of this Agreement, the Property is vacant, Broker shall be paid a vacancy fee ofof $ per month until the Property is leased. b. Following the execution of a lease of the Property Broker shall be paid from the first full month’s rental a leasing fee of % of the first full month’s rental or $ , whichever is greater and lease renewal fee of $ upon renewal of the lease. c. Broker shall be paid a monthly management fee of $ or % of each month’s rental during the term of the lease and any renewals of the lease. d. If tenant or prospective tenant (someone who has been shown the Property by Broker or has completed a Lease Application) purchases the Property or the Property is purchased for the benefit of and/or on behalf of the tenant during the term of this Agreement or within days of the expiration or termination of this Agreement, Owner agrees to pay Broker a sales commission of % of the sales price. Provided, however, Broker Xxxxxx shall deliver to Owner a list in writing of the name or names of such Prospective Tenants on the Expiration Date, or within ten (10) days of the notice of termination. If Owner enters into an exclusive listing agreement with another licensed real estate broker with respect to the Property, Owner agrees to exclude the "Prospective Tenant" from any such other exclusive listing agreement for and during the period stated herein e. If permitted by applicable law, Broker may collect from tenants any or all of the following: a charge for late payment of rent, a charge for returned or non-negotiable checks, a credit report fee, and administrative charge and BrokerXxxxxx’s commission for sub-sub- leasing. Owner agrees that such amounts may be retained by the Broker and Broker need not account to Owner for such charges or Broker's Xxxxxx’s commission for sub-leasing. f. If during the term of this Agreement, Owner shall offer the Property for sale or exchange, Broker shall have the exclusive right to offer the Property for sale or exchange under such terms and conditions as agreed to in writing by Owner and Broker.

Appears in 1 contract

Samples: Residential Property Management and Exclusive Right to Lease Agreement

BROKER’S COMPENSATION. Owner agrees thatto pay to Broker a leasing commission of % of one full month’s rent in any of the following events: a. Anytime The lease of the Property during the term of this Agreement, the Property is vacantwhether procured by Broker, Broker shall be paid Owner, or a vacancy fee ofthird person; b. Following the execution of a The lease of the Property Broker shall be paid from the first full month’s rental a leasing fee of % of the first full month’s rental or $ Property, whichever is greater and lease renewal fee of $ upon renewal of the lease. c. Broker shall be paid a monthly management fee of $ or % of each month’s rental during the term of the lease and any renewals of the lease. d. If tenant or prospective tenant (someone who has been shown the Property by Broker or has completed a Lease Application) purchases the Property or the Property is purchased for the benefit of and/or on behalf of the tenant during the term of this Agreement or within days of after the expiration Expiration Date or termination of this Agreement, Owner agrees to pay anyone to whom Broker a sales commission or any cooperating Broker has shown the Property, or with whom the Broker or any cooperating Broker has negotiated concerning the Property (“Prospective Tenants”) prior to the Expiration Date or termination of % of the sales pricethis Agreement. Provided, however, Broker shall deliver to Owner a list in writing of the name or names of such Prospective Tenants on the Expiration Date, or within ten (10) days of the notice of termination. If Owner enters into an exclusive listing agreement with another licensed real estate broker with respect to the Property, Owner agrees to exclude the "Prospective Tenant" from any such other exclusive listing agreement for and during the period stated herein; c. If Owner refuses to lease after Xxxxxx procures a Tenant who is ready, willing, and able to lease the Property, at the price and on the terms set forth herein, or at such other price and terms as shall be acceptable to Owner; d. In the event the Lease is conditioned upon an option to purchase the Property and such option is exercised, Owner shall pay the Broker a sales commission equal to % of the sales price; e. If permitted by applicable law, Broker may collect from tenants any In the event the described Property is sold or all of the following: a charge for late payment of rent, a charge for returned or non-negotiable checks, a credit report fee, and administrative charge and Broker’s commission for sub-leasing. Owner agrees that such amounts may be retained by the Broker and Broker need not account to Owner for such charges or Broker's commission for sub-leasing. f. If exchanged during the term of this Agreement, Owner shall offer whether procured by Xxxxxx, Owner, or a third person to anyone to whom Broker or any cooperating Broker has shown the Property, or with whom the Broker or any cooperating Broker has negotiated concerning the Property for sale (“Prospective Tenants/Tenant”) prior to the Expiration Date or exchangetermination of this Agreement, Owner agrees to pay Broker a sales commission of % of the sales price. Provided, however, Broker shall have the exclusive right deliver to offer the Property for sale or exchange under such terms and conditions as agreed to Owner a notice in writing by containing a list of the name or names of such Prospective Tenant/ Tenants on the Expiration Date, or within ten (10) days of the notice of termination. If Owner enters into an exclusive listing agreement with another licensed real estate broker with respect to the Property, Owner agrees to exclude the “Prospective Tenant/ Tenants” from any such other exclusive listing agreement for and Brokerduring the period stated herein.

Appears in 1 contract

Samples: Residential Listing – Exclusive Right to Lease

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