Puerto Rico Brokerage Agreement for Services to Landlords is a legally binding contract that outlines the terms and conditions between a real estate brokerage firm and a landlord in Puerto Rico. This agreement establishes the rights and responsibilities of both parties in regard to the marketing, leasing, and management of the landlord's rental property. Keywords: Puerto Rico, Brokerage Agreement, Services, Landlords, real estate, contract, terms and conditions, marketing, leasing, management, rental property. Different types of Puerto Rico Brokerage Agreement for Services to Landlords may include: 1. Exclusive Brokerage Agreement: This type of agreement grants the brokerage firm the exclusive right to market and lease the landlord's property within a specified time frame. The landlord agrees not to engage any other broker or attempt to lease the property independently during the agreement's duration. 2. Non-Exclusive Brokerage Agreement: In contrast to an exclusive agreement, a non-exclusive brokerage agreement allows the landlord to engage multiple brokers simultaneously to market and lease their property. The broker will only receive a commission if they successfully secure a tenant. 3. Full-Service Brokerage Agreement: This type of agreement encompasses a comprehensive range of services provided by the brokerage firm. It includes marketing the property, conducting tenant screenings, preparing lease agreements, handling rent collection, and managing ongoing maintenance and repairs. 4. Limited Service Brokerage Agreement: A limited service brokerage agreement provides specific services chosen by the landlord. The landlord may opt for à la carte services, such as property marketing or tenant screenings, while handling other aspects of property management independently. 5. Lease-only Agreement: This agreement type focuses solely on securing tenants for the landlord's property. The brokerage firm is responsible for marketing and screening potential tenants, preparing lease agreements, and facilitating the move-in process. Ongoing property management is the landlord's responsibility. In all types of Puerto Rico Brokerage Agreements for Services to Landlords, it is essential to include specific details such as the duration of the agreement, the commission structure, any additional fees, termination conditions, and dispute resolution methods. It is advisable for both parties to seek legal counsel before entering into any brokerage agreement to ensure their rights and interests are protected.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.