Common use of Co-Brokerage Clause in Contracts

Co-Brokerage. As the exclusive leasing agent for the Properties, Manager shall cooperate with any independent, affiliated or non-affiliated licensed real estate brokers or agents and may offer co-agency but not sub-agencies with respect to the leasing of the Properties. Notwithstanding any language to the contrary contained in this Section 4.2 providing for a fee or commission to be paid to Manager, in the event that any such independent, affiliated or non-affiliated broker participates, in good faith (and has a rightful claim to a brokerage commission), as a procuring cause of a tenant Lease or any renewal, extension, expansion or other modification of any tenant Lease with respect to which Manager would otherwise be due a commission pursuant to Sections 4.2.B(1) through 4.2.B(3) above (such broker or agent being hereinafter referred to as “Co-Agent”), then the commission payable by Owner shall only be as set forth in writing pursuant to a co-brokerage commission agreement by and among Owner, Manager and Co-Agent. Any such co-brokerage commissions shall be shared between Manager and Co-Agent as they shall agree.

Appears in 4 contracts

Samples: Master Property Management, Leasing and Construction Management Agreement (Griffin Capital Essential Asset REIT, Inc.), Master Property Management, Leasing and Construction Management Agreement (Griffin Capital Essential Asset REIT II, Inc.), Master Property Management, Leasing and Construction Management Agreement (Gc Net Lease Reit, Inc.)

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Co-Brokerage. As the exclusive leasing agent for the Properties, Manager shall cooperate with any independent, affiliated or non-affiliated licensed real estate brokers or agents and may offer co-agency but not sub-agencies with respect to the leasing of the Properties. Notwithstanding any language to the contrary contained in this Section 4.2 providing for a fee or commission to be paid to Manager, in the event that any such independent, affiliated or non-affiliated broker brokers participates, in good faith (and has a rightful claim to a brokerage commission), as a procuring cause of a tenant Lease lease or any renewal, extension, expansion or other modification of any tenant Lease lease with respect to which Manager would otherwise be due a commission pursuant to Sections subsections 4.2.B(1) through 4.2.B(3) ), above (such broker or agent being hereinafter referred to as “Co-Agent”), then the commission payable by Owner shall only be as set forth in writing pursuant to a co-brokerage commission agreement by and among Owner, Manager and on the Property Amendment under “Co-Agent. Brokerage Commissions.” Any such co-brokerage commissions shall be shared between Manager and Co-Agent as they shall agree.

Appears in 3 contracts

Samples: Master Property Management, Leasing and Construction Management Agreement (Wells Real Estate Investment Trust Ii Inc), Property Management & Real Estate (Wells Real Estate Investment Trust Inc), Master Property Management, Leasing and Construction Management Agreement (Wells Real Estate Investment Trust Inc)

Co-Brokerage. As the exclusive leasing agent for the Properties, Manager shall cooperate with any independent, affiliated or non-affiliated licensed real estate brokers or agents and may offer co-co- agency but not sub-agencies with respect to the leasing of the Properties. Notwithstanding any language to the contrary contained in this Section 4.2 providing for a fee or commission to be paid to Manager, in the event that any such independent, affiliated or non-affiliated broker brokers participates, in good faith (and has a rightful claim to a brokerage commission), as a procuring cause of a tenant Lease lease or any renewal, extension, expansion or other modification of any tenant Lease lease with respect to which Manager would otherwise be due a commission pursuant to Sections subsections 4.2.B(1) through 4.2.B(3) ), above (such broker or agent being hereinafter referred to as “Co-Agent”), then the commission payable by Owner shall only be as set forth in writing pursuant to a co-brokerage commission agreement by and among Owner, Manager and on the Property Amendment under “Co-Agent. Brokerage Commissions.” Any such co-brokerage commissions shall be shared between Manager and Co-Agent as they shall agree.

Appears in 1 contract

Samples: Master Property Management, Leasing and Construction Management Agreement (Wells Real Estate Investment Trust Ii Inc)

Co-Brokerage. As the exclusive leasing agent for the Properties, Manager shall cooperate with any independent, affiliated or non-affiliated licensed real estate brokers or agents and may offer co-agency but not sub-agencies with respect to the leasing of the Properties. Notwithstanding any language to the contrary contained in this Section 4.2 providing for a fee or commission to be paid to Manager, in the event that any such independent, affiliated or non-affiliated broker brokers participates, in good faith (and has a rightful claim to a brokerage commission), as a procuring cause of a tenant Lease lease or any renewal, extension, expansion or other modification of any tenant Lease lease with respect to which Manager would otherwise be due a commission pursuant to Sections 4.2.B(1subsections 4.2.A(1) through 4.2.B(3) 4.2.A(3), above (such broker or agent being hereinafter referred to as “Co-Agent”), then the commission payable by Owner shall only be as set forth in writing pursuant to a co-brokerage commission agreement by and among Owner, Manager and Co-Agent. Any such co-brokerage commissions shall be shared between Manager and Co-Agent as they shall agree.on the Property Amendment under

Appears in 1 contract

Samples: Master Property Management, Leasing and Construction Management Agreement (Wells Core Office Income Reit Inc)

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Co-Brokerage. As the exclusive leasing agent for the Properties, Manager shall cooperate with any independent, affiliated or non-affiliated licensed real estate brokers or agents and may offer co-agency but not sub-agencies with respect to the leasing of the Properties. Notwithstanding any language to the contrary contained in this Section 4.2 providing for a fee or commission to be paid to Manager, in the event that any such independent, affiliated or non-affiliated broker participates, in good faith (and has a rightful claim to a brokerage commission), as a procuring cause of a tenant Lease or any renewal, extension, expansion or other modification of any tenant Lease with respect to which Manager would otherwise be due a commission pursuant to Sections 4.2.B(1) through 4.2.B(3) above (such broker or agent being hereinafter referred to as “Co-Agent”), then the commission payable by Owner shall only be as set forth in writing pursuant to a co-brokerage commission agreement by and among Owner, Manager and Co-Agent. [Any such co-brokerage commissions shall be shared between Manager and Co-Agent as they shall agree.]

Appears in 1 contract

Samples: Master Property Management, Leasing and Construction Management Agreement (Gc Net Lease Reit, Inc.)

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