The San Diego California Listing Agreement with Broker for Leasing of Premises is a legally binding contract between a property owner (referred to as the "Principal") and a licensed real estate broker (referred to as the "Broker"). This agreement outlines the terms and conditions under which the Broker is authorized to market and lease the premises on behalf of the Principal. In this agreement, the parties agree on several key provisions, including the duration of the agreement, the listing price or rental terms, and the commission structure. The agreement also specifies the broker's duties and responsibilities, such as conducting property inspections, advertising the premises, and screening potential tenants. There could be different types of San Diego California Listing Agreement with Broker for Leasing of Premises with Commission Agreement based on specific circumstances or requirements. Some common variations include: 1. Exclusive Right to Lease Agreement: This type of agreement grants the Broker the exclusive right to lease the premises and earn a commission, regardless of whether the Principal or another party brings forth a suitable tenant. 2. Open Listing Agreement: With this agreement, the Principal can simultaneously work with multiple brokers to market the premises. The commission is usually paid only to the broker who brings a successful tenant. 3. Net Listing Agreement: In a net listing agreement, the commission is determined as a percentage of the rental income received by the Principal after deducting any expenses, such as property management fees or repairs. 4. Exclusive Agency Agreement: This form of agreement still grants the Broker the exclusive right to lease the premises but allows the Principal to find a tenant independently without paying any commission to the Broker. It is important for both the Principal and the Broker to carefully review and negotiate the terms of the San Diego California Listing Agreement with Broker for Leasing of Premises with Commission Agreement to ensure clarity and protection of their interests. Consulting with legal professionals is highly recommended ensuring all necessary legal requirements are met and to tailor the agreement to the specific needs of the parties involved.
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.