Common use of FOR SALE TO TENANT Clause in Contracts

FOR SALE TO TENANT. If a sale or exchange of the managed property is effected to a tenant procured by MANAGER or anyone acting on the tenant's behalf, MANAGER shall be considered the procuring cause of such sale and MANAGER shall be paid a commission of three percent (3%) of the gross sales price or valuation upon the close of the transaction. This provision for sales commission shall apply to any tenant procured by MANAGER who has occupied the property within 365 days of a sales contract between OWNER and said tenant.

FOR SALE TO TENANT. If a sale or exchange of the managed property is effected to a tenant procured by MANAGER Manager or anyone acting on the tenant's behalf, MANAGER Manager shall be considered the procuring cause of such sale and MANAGER Manager shall be paid a commission of three percent (3%) of the gross sales price or valuation upon the close of the transaction. This provision for sales commission shall apply to survive any tenant procured by MANAGER who has occupied the property within 365 days termination of a sales contract between OWNER and said tenantthis agreement.