Common use of Lease Negotiations Clause in Contracts

Lease Negotiations. The Agent shall handle all negotiations with tenants with respect to the initial leases, determining lease renewal increases and length of lease. Owner shall pay the Agent 50.00 % of the first full month’s rent as a leasing fee to negotiate and place tenants. Tenants are sent lease renewal notices approximately 80-days prior to their lease expiration. Agent will be compensated a $50 flat fee for a one-year lease renewal (or a $25 flat fee for a six-month least renewal). Should an owner decide to list their property for sale, Agent must be notified at least 90-days prior to listing the property for sale, and advised if lease is to be renewed, canceled, or converted to month- to-month.

Lease Negotiations. The Agent shall handle all negotiations with tenants with respect to the initial leases, determining lease renewal increases and length of lease. Owner shall pay the Agent 50.00 % or a minimum of $250 of the first full month’s rent as a leasing fee to negotiate and place tenants. Tenants are sent lease renewal notices approximately 80-90- days prior to their lease expiration. Agent will be compensated a $50 flat fee for a one-one- year lease renewal (or a $25 flat fee for a six-month least renewal). Should an owner decide to list their property for sale, Agent must be notified at least 90-days prior to listing the property for sale, and advised if lease is to be renewed, canceled, or converted to month- month-to-month.