Queens, New York Listing Agreement with Broker for Leasing of Premises with Commission Agreement In Queens, New York, the listing agreement with a broker for the leasing of premises with a commission agreement is a legally binding contract that outlines the terms and conditions between a property owner (referred to as the "landlord" or "lessor") and a licensed broker (referred to as the "broker" or "agent") for leasing a property located in Queens, New York. This agreement is crucial for establishing a successful landlord-broker relationship and determining the commission that the broker will receive upon successful lease negotiations. Keywords: Queens, New York, listing agreement, broker, leasing, premises, commission agreement, property owner, licensed broker, landlord-broker relationship, lease negotiations. There may be different types of Queens, New York listing agreements with brokers for the leasing of premises with commission agreements, based on specific requirements and preferences. Some possible variations include: 1. Exclusive Right to Lease Agreement: This type of agreement grants the broker exclusive rights to market and lease the property for a specific duration, typically 3-6 months. The broker receives a commission only if they successfully lease the property during the designated term. The owner cannot hire any other brokers during this exclusivity period. 2. Non-Exclusive Lease Agreement: This agreement allows the property owner to hire multiple brokers simultaneously to market and lease the premises. The broker who successfully secures the tenant earns the commission. Owners may prefer this option when they want to maximize exposure by targeting a wider audience. 3. Co-Brokerage Agreement: In this agreement, the property owner and broker collaborate with another broker or agency to market and lease the premises. The commission is then split between the involved parties, ensuring a shared responsibility in marketing and leasing efforts. 4. Net Lease Agreement with Broker Commission Addendum: This type of agreement is common in commercial leasing, where the tenant is responsible for additional costs such as property taxes, insurance, and maintenance. The broker commission is typically an addendum to the net lease, specifying the percentage or amount based on the final lease value. Regardless of the type, a Queens, New York listing agreement with a broker for the leasing of premises with a commission agreement typically includes key provisions such as property details, lease terms, duration, rent, broker commission percentage, scope of broker services, termination clauses, disclosures, and rights and responsibilities of both parties. In conclusion, a Queens, New York listing agreement with a broker for leasing premises with a commission agreement is a vital contractual document that ensures a smooth and successful leasing process. It establishes the framework for the landlord-broker relationship, outlines the terms and commission structure, and protects the interests of all parties involved in the lease transaction.
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.