Exclusive listing contract to obtain tenant.

THIS AGREEMENT Made by and between ............... .........(referred to as Broker), and ............... ............... .........(referred to as Lessor), whether owner or tenant of owner.

Lessor hereby gives Broker the sole and exclusive right to procure a tenant for the real estate known as ............... ............... ............, and more particularly described as: ............... ............... ............... ............... in the ............ of ............, County of ..............., State of _________, for any one of the following described rentals:

o 1. $..... monthly rental, with Lessor paying only real estate taxes and fire and wind storm insurance premiums.
o 2. $..... minimum annual rental, plus additional rental of _____% of the gross sales of tenant over $..... annually, such percentage rental payable annually (semi-annually).
o 3. $..... annually, per square foot of interior area.
o 4. _____% of the total construction cost of the building plus $..... annually.
o 5. _____% of cost of remodeling plus $..... annually.
o 6. .........[Other.]

 

The length of the lease shall be ......... years and shall commence no later than ............... ...............

If a lease is entered into by a tenant procured by Broker, by Lessor or by any other person, for the rental and upon the terms and conditions hereinbefore set forth or for any other rental or upon any other terms or conditions agreeable to Lessor, during the term of this contract, or if leased, within one year after the termination of this contract to anyone with whom Broker negotiated during the term of this contract and whose name Broker has submitted to Lessor in writing either personally or by mail posted prior to the termination of this contract, Lessor agrees to pay Broker a commission of _____% of the gross rental amount set for the first period covered by the initial lease up to ......... years; should the lease term exceed that number of years then Broker shall be entitled to _____% of the gross rentals for the first ......... years of the term and _____% of the gross rentals for the remainder of the lease term and _____% of the gross rentals due in any renewals or extension of the lease. If the lease is for a term of less than ......... years, and the tenant initially leasing the property enters into any new lease, or leases, without an intervening tenant, Broker shall be paid a commission in the amount of _____% of the gross annual rentals for ......... years. All commissions are to be payable as follows: $..... upon the execution of the lease and the balance as follows:

............... ...............

In the event Broker has secured a tenant pursuant to the terms of this agreement and this property is sold or offered for sale before the full commission as set forth herein has been paid, the full amount of all commissions due or to become due under the terms of this contract shall be a lien upon the above-described property, upon recording a statement executed by Broker setting forth the legal description and the amount of any commissions due, or to become due, which statement shall also give the name of the owner of the property and shall be recorded with Register of Deeds for the county in which such property is located.

In consideration for Lessor's agreement as set forth above Broker agrees to use reasonable efforts to procure a tenant, or tenants, for the property above described.

The term of this contract shall be from _________[date], to and including _________[date].

Dated: _________

.........[Signatures]

............

.........[Acknowledgment, if necessary or desired]

............

 

______________________________________________________________________________________

 

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