Common use of Payment of Commission and Expenses Clause in Contracts

Payment of Commission and Expenses. Owner authorizes Broker to have the Tenant make the initial rent check payable to the Broker. Broker is further authorized to deduct the commission and any outstanding expenses from such initial rent check. In the event the initial rent check is more than the commission and any expenses due, the balance shall be forwarded to the Owner. In the event the initial rent check is less than the commission and any expenses due, the Broker shall invoice the Owner for the outstanding commission and expenses in excess of the first month’s rent.

Payment of Commission and Expenses. Owner authorizes Broker Xxxxxx to have the Tenant make the initial rent check payable to the Broker. Broker is further authorized to deduct the commission and any outstanding expenses from such initial rent check. In the event the initial rent check is more than the commission and any expenses due, the balance shall be forwarded to the Owner. In the event the initial rent check is less than the commission and any expenses due, the Broker shall invoice the Owner for the outstanding commission and expenses in excess of the first month’s rent.