Real Estate Commissions definition

Real Estate Commissions. Landlord and Tenant each represent that they have dealt with no finder, agent or broker other than the Brokers set forth in the Fundamental Lease Terms in connection with the negotiation, execution and delivery of this Lease. This provision shall not be construed to create any third party rights hereunder in favor of the Brokers. If any person or entity other than the Brokers shall assert a claim to a finder's fee, broker's commission or other compensation on account of the alleged employment as finder, agent or broker for Tenant or performance of services as a finder, agent or broker for Tenant in connection with this transaction, Tenant shall indemnify and hold Landlord and Landlord's lender harmless from and against any and all claims and all costs, expenses and liabilities incurred in connection therewith, including but not limited to reasonable attorneys' fees and court costs, by any other such finder, broker, agent or other person or entity claiming a commission or other form of compensation by virtue of having dealt with Tenant with regard to this Lease.
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Real Estate Commissions means additional commissions payable to leasing or real estate agents resulting from remarketing caused by loss of sales or leasing due to a delay.
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Real Estate Commissions. Both of the parties warrant and represent that neither has entered into any contract with a real estate agent or broker and neither owes real estate commissions with regard to this transaction. MATERIAL CHANGE: Prior to the Closing Date, Xxxxxx agrees to prevent any material adverse change in the title or condition of the Property.
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Examples of Real Estate Commissions in a sentence

  • Through education, the licensee shall be reasonably current in real estate knowledge and shall have improved ability to provide greater protection and service to the real estate consumer, thereby supporting the Delaware Real Estate Commission's primary objective of protection of the public.

  • The Principal Xxxxxx and managers will be “dual agents,” which is explained in the Kentucky Real Estate Commission's A Guide to Agency Relationships.

  • Therefore, Affiliate Agent(s) and will be working for both the Buyer/Lessee and Seller/Lessor as “dual agents.” Dual agency is explained in the Kentucky Real Estate Commission's A Guide to Agency Relationships.

  • In addition, the Manager may pay a referral fee ranging from Twenty Percent (20%) to Forty Percent (40%) of the Real Estate Commissions paid to the Manager to third party sales agents for properties located in states where the Manager does not presently operate in.

  • Unless otherwise provided in any resolutions adopted by the board of directors, the total of all Real Estate Commissions or Acquisition Fees and Acquisition Expenses shall be reasonable and shall not exceed an amount equal to 6% of the Contract Purchase Price; provided, however, that the majority of the Independent Directors may approve fees and expenses in excess of this limit if they determine the transaction to be commercially competitive, fair and reasonable to the Corporation.

  • The amount actually paid or allocated in respect of the purchase, development, construction or improvement of a Property, in each case exclusive of Real Estate Commissions and Acquisition Expenses.

  • Real Estate Commissions shall be payable on the acquisition of a specific Property, on the acquisition of a portfolio of Properties through a purchase of assets, controlling securities or by joint venture, by a merger or similar business combination or other comparable transaction, or on the completion of development of a Property or Properties for the Company.

  • Guarantor, requesting payment for the difference between the ASKING PRICE and the SALES PRICE, after deducting Real Estate Commissions and normal costs associated with sale of real estate in St. Lawrence County.

  • Real Estate Commissions shall be payable on the acquisition of a specific Property, on the acquisition of a portfolio of Properties through a purchase of assets, controlling securities or by Joint Venture, by a merger or similar business combination or other comparable transaction, or on the completion of development of a Property or Properties for the Company.

  • However, the total of all Real Estate Commissions and Acquisition Expenses payable with respect to any Properties shall not exceed six percent (6%) of the Contract Purchase Price or the Total Development Cost (as applicable) of such Properties unless fees in excess of such amount are approved by a majority of the Board of Directors, including a majority of the Independent Directors.


More Definitions of Real Estate Commissions

Real Estate Commissions means any and all real estate commissions and other similar fees, costs or expenses, including a subordinated real estate disposition fee payable to Centennial Investment Company pursuant to Article 8.3, incurred in connection with the Sale of Properties owned by the Partnership. 1.41 "Sale" means any transaction or series of transactions whereby- (i) the Partnership sells, grants, transfers, conveys or relinquishes its ownership of any Property or portion thereof, including any event with respect to any such Property which gives rise to insurance claims or condemnation awards; (ii) the Partnership sells, grants, transfers, conveys or relinquishes its ownership of all or substantially all of the interest of the Partnership in any joint venture or partnership in which it is a co-venturer or partner; or (iii) any joint venture or partnership in which the Partnership is a co-venturer or partner sells, grants, transfers, conveys or relinquishes its ownership of any Property or portion thereof, including any event with respect to any such Property which gives rise to insurance claims or condemnation awards. 1.42 "Selling Commissions" mean any and all commissions payable to underwriters, managing dealers or other broker-dealers in connection with the sale of Units as described in the Prospectus, including, without limitation, commissions payable to Centennial Investment Company. 1.43 "Substituted Limited Partner" means a person or entity who is admitted to the Partnership pursuant to the provisions of Article 14.3 hereof and in accordance with the provisions of the Act. 1.44 "Termination Date" means December 31, 2025, or such earlier date as the Partnership may be terminated pursuant to any provision of this Agreement. 1.45 "Unit" means the Partnership Interest represented by a Capital Contribution of $500.
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Real Estate Commissions means the real estate, brokerage, investment banker or other commission paid in connection with the sale of a Project.
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Real Estate Commissions. Neither Party has contacted any real estate broker, finder or similar person in connection with the transaction contemplated hereby, except Grand Central Commercial Real Estate, Inc. ("Broker"). Purchaser shall pay to Broker at the Closing a brokerage fee (the "Commission") in accordance with a separate agreement entered into between Purchaser and Broker. By execution hereof, Broker agrees that the Commission shall be due only if, as and when the Closing occurs, and that the Commission shall not be due or payable if the Closing fails to occur for any reason whatsoever, including a default by Seller; provided, however, that if the Transaction shall not be closed because of refusal of Seller to perform and Purchaser succeeds in an action for specific performance as set forth in paragraph 16(b), then the Purchaser shall pay the Commission to Broker upon the closing required by a nonappealable judgment of specific performance against Seller. To the actual knowledge of either Party, no other brokerage fees or commissions have been paid or are due and owing to any other person other than to Broker. Seller and Purchaser each hereby agrees to indemnify, defend and hold harmless the other from any claims for any brokerage fees, commissions or similar charges with respect to this transaction, arising by, through or under the indemnifying party and each further agrees to indemnify and hold harmless the other from any loss or damage resulting from any inaccuracy in the representations contained in this paragraph. This indemnification agreement of the parties shall survive the Closing.
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Related to Real Estate Commissions

  • Competitive Real Estate Commission means a real estate or brokerage commission for the purchase or sale of property that is reasonable, customary, and competitive in light of the size, type, and location of the property.

  • State Commission means any state regulatory agency having jurisdiction over retail electricity sales in any State in the PJM Region.

  • Interstate commission means the Interstate Commission for Juveniles created by Article III of this compact.

  • Real estate salesperson means an individual who for compensation or valuable consideration is employed either directly or indirectly by a licensed real estate broker to sell or offer to sell, buy or offer to buy, provide or offer to provide market analyses of, list or offer or attempt to list, or negotiate the purchase, sale, or exchange of real estate; to negotiate the mortgage of real estate; to negotiate for the construction of a building on real estate, or to lease or offer to lease, or rent or offer for rent, real estate; who is employed by a real estate broker to engage in property management; or who sells or offers for sale, buys or offers to buy, leases or offers to lease, or negotiates the purchase or sale or exchange of a business, business opportunity, or the goodwill of an existing business for others, as a whole or partial vocation.

  • Housing commission means a housing commission or housing authority as defined under section 3 of the housing cooperation law, 1937 PA 293, MCL 125.603.

  • City Commission means the legislative body of the City of Miami.

  • Real Estate Taxes means the ad valorem real estate taxes levied against the Property (and the improvements and fixtures located thereon), betterment assessments, special benefit taxes and special assessments levied or imposed against the Property, taxes levied or assessed on gross rentals payable by Tenant to the extent charged, assessed or imposed upon tenants in general which are based upon the rents payable under this Lease, any impact fees levied or assessed, whether or not billed by the taxing authority as a special benefit tax or a special assessment, all taxes levied or assessed on the Property that are in addition to or in lieu of taxes that are currently so assessed, and penalties and interest related to Real Estate Taxes if the applicable Real Estate Tax bills have been forwarded to Tenant in a timely manner; provided, however, that Real Estate Taxes shall not include any Excluded Taxes. “Excluded Taxes” shall mean, without limitation, Landlord’s income taxes, gift taxes, excess profit taxes, excise taxes, franchise taxes, estate, succession, inheritance and realty transfer taxes resulting from the transfer of any direct or indirect interest in the Property by Landlord unless such taxes replace Real Estate Taxes in the future (except as expressly set forth in the last sentence of this Section 4(a)), and any interest or penalty charges resulting solely from Landlord’s failure to promptly deliver the Real Estate Tax bills to Tenant if the applicable taxing authority has forwarded the tax xxxx to Landlord rather than Tenant. All special benefit taxes and special assessments shall be amortized over the longest time permitted under ordinance and Tenant’s liability for installments of such special benefit taxes and special assessments not yet due shall be paid in full prior to the expiration or termination of this Lease; provided, that the useful life of any such improvements do not extend beyond the expiration of the Term. Tenant shall also pay, directly to the applicable Governmental Authority (as hereinafter defined), any storm water charges, fees and taxes and use and occupancy tax in connection with the Property or any improvements thereon (or in the event Landlord is required by law to collect such tax, Tenant shall pay such use and occupancy tax to Landlord as Rent within thirty (30) days of written demand and Landlord shall remit any amounts so paid to Landlord to the appropriate Governmental Authority in a timely fashion) and deliver evidence of such payment to Tenant within ten (10) days of making such payment or within ten (10) days of receipt of Tenant’s request for such evidence of payment.

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and the sale of homes and related real estate activities, including the provision of mortgage financing or title insurance.

  • Michigan state housing development authority means the public body corporate and politic created by Section 21 of the State Housing Development Authority Act of 1966, 1966 PA 346, MCL 125.1421.

  • Leasing Commissions means leasing commissions incurred by Borrower in connection with leasing any Mortgaged Property or any portion thereof (including renewals of existing Leases).

  • Real Estate-Related Assets means any investments by the Company or the Operating Partnership in Mortgages and Real Estate-Related Securities.

  • REAL ESTATE BROKERS (See also Paragraph 15) REPRESENTATION: The following real estate brokers (collectively, the "BROKERS") and brokerage relationships exist in this transaction (check applicable boxes): [X] XXXX Commercial Real Estate Services represents Lessor exclusively ("LESSOR'S BROKER"); [X] The Xxxxxx Co. represents Lessee exclusively ("LESSEE'S BROKER"); or [ ] _______________________________ represents both Lessor and Lessee ("DUAL AGENCY").

  • Residential real estate means any real property located in this state, upon which is constructed or intended to be constructed a dwelling;

  • Real Estate Leases has the meaning set forth in Section 2.1(d)(ii).

  • the Commission means the Charity Commission for England and Wales;

  • Community Association Dues, Fees, and Assessments means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization.

  • Real estate brokerage activity means any activity that involves offering or providing real estate brokerage services to the public, including:

  • Real estate sign means a temporary non-illuminated sign installed, erected or displayed on a property for the notification that a building, premises or portion thereof is offered for sale, rent or lease;

  • Public utilities means those utilities defined in sections 4905.02, 4905.03, 4907.02, and 4907.03 of the Revised Code; in the case of a foreign corporation, it means those utilities defined as public utilities by the laws of its domicile; and in the case of any other foreign issuer, it means those utilities defined as public utilities by the laws of the situs of its principal place of business. The term always includes railroads whether or not they are so defined as public utilities.

  • Commercial real estate means real estate or an interest in real estate that is not any of the following:

  • Real Estate Assets means any investment by the Company or the Operating Partnership in unimproved and improved Real Property (including fee or leasehold interests, options and leases), directly, through one or more subsidiaries or through a Joint Venture.

  • Real Estate means all Leases and all land, together with the buildings, structures, parking areas, and other improvements thereon, now or hereafter owned by any Loan Party, including all easements, rights-of-way, and similar rights relating thereto and all leases, tenancies, and occupancies thereof.

  • Estate in Real Property A fee simple estate in a parcel of land.

  • Regulated motor vehicle surface means any of the following, alone or in combination:

  • Intra-governmental gift means any gift given to a Board member or employee from another Board member or employee, and "inter- governmental gift" means any gift given to a Board member or employee from an officer or employee of another governmental entity.

  • Community protection zone means the area within eight