Sale of Property to Tenant. Landlord shall pay Leasing Broker a commission in the amount of percent (%) and Listing Broker a commission in the amount of percent (%) of the gross sales price at closing if Tenant acquires from Landlord title to Property or any part thereof or any property as an addition, expansion, or substitution for Property during the term of this Lease, any renewals thereof, or within one year after the expiration of this Lease. Such commission shall be payable in lieu of any further commission which otherwise Broker would have been due under this Lease. Notwithstanding the above, Owner shall immediately give notice to Broker if and when:
Appears in 4 contracts
Samples: Commercial Lease Agreement, Commercial Lease Agreement, Lease Agreement
Sale of Property to Tenant. Landlord shall pay Leasing Broker a commission in the amount of percent (%) and Listing Broker a commission in the amount of percent (%) of the gross sales price at closing if Tenant acquires from Landlord title to Property or any part thereof or any property as an addition, expansion, or substitution for Property during the term of this Lease, any renewals thereof, or within one year after the expiration of this Lease. Such commission shall be payable in lieu of any further commission which otherwise Broker would have been due under this Lease. Notwithstanding the above, Owner shall immediately give notice to Broker if and when:: (a) Owner enters into a contract to sell Property; or (b) Owner closes on the sale of Property to another.
Appears in 3 contracts
Samples: Commercial Lease Agreement, Lease Agreement, Commercial Lease Agreement
Sale of Property to Tenant. Landlord shall pay Leasing Broker a commission in the amount of percent (%) and Listing Broker a commission in the amount of percent (%) of the gross sales price at closing if Tenant acquires from Landlord title to Property or any part thereof or any property as an addition, expansion, or substitution for Property during the term t rm of this Lease, any renewals thereof, or within one year after the expiration of this Lease. Such commission shall be payable in lieu of any a y further commission which otherwise Broker would have been due under this Lease. Notwithstanding the above, Owner shall immediately give notice to Broker if and when:
Appears in 1 contract
Samples: Commercial Lease Agreement
Sale of Property to Tenant. Landlord shall pay Leasing Broker a commission in the amount of percent (%) and Listing Broker a commission in the amount of percent (%) of the gross sales price at closing if Tenant acquires from Landlord title to Property or any part thereof or any property as an addition, expansion, or substitution for Property during the term of this Lease, any renewals thereof, or within one year after the expiration of this Lease. Such commission shall be payable in lieu of any further commission which otherwise Broker would have been due under this Lease. Notwithstanding the above, Owner shall immediately give notice to Broker if and when:: (a) Owner enters into a contract to sell Property; or (b) Owner closes on the sale of Property to another. FOR TRAINING ONLY
Appears in 1 contract
Samples: Commercial Lease Agreement
