The Kings New York Brokerage Agreement for Services to Landlords is a comprehensive document that outlines the terms and conditions between Kings New York, a prominent brokerage firm, and landlords seeking assistance with their real estate needs. This agreement serves as a legally binding contract aimed at protecting both parties involved in the real estate transaction. The agreement is extensively detailed, covering various aspects of the landlord-broker relationship. It clearly defines the roles and responsibilities of Kings New York and the landlord, establishing a mutual understanding ensuring a smooth and efficient real estate experience. Key provisions included in the Kings New York Brokerage Agreement for Services to Landlords encompass: 1. Purpose: This section highlights the objective of the agreement, which is to provide professional real estate services to landlords in the specified geographic location. 2. Term and Termination: It outlines the duration of the agreement and the conditions under which either party can terminate the agreement before its expiration date. 3. Exclusive Right to Rent or Lease: This provision grants Kings New York the exclusive right to rent or lease the landlord's property, ensuring that only the brokerage firm can represent the property during the specified term. 4. Scope of Services: This section elaborates on the multitude of services provided by Kings New York, ranging from marketing and advertising the rental property to screening potential tenants, negotiating lease terms, and managing various administrative tasks. 5. Compensation: The agreement outlines the fees and commissions that Kings New York is entitled to, usually a percentage of the total rental income or a flat fee, specifying when and how these payments must be made. 6. Landlord's Obligations: This part details the responsibilities of the landlord, such as providing accurate property information, maintaining the property, complying with all regulations and legal requirements, and promptly addressing any property-related concerns. It's worth noting that there might be different types of Kings New York Brokerage Agreements for Services to Landlords, tailored to specific real estate scenarios or client requirements. These variations may include: 1. Exclusive Sales Agreement: If the landlord intends to sell the property, this agreement grants Kings New York the exclusive right to market and sell the property on behalf of the landlord. 2. Lease Agreement: This type of agreement is focused solely on leasing the property, whether it be a residential or commercial space, and specifies the terms and conditions of the lease, such as rental duration, payment structure, and tenant obligations. 3. Property Management Agreement: For landlords seeking comprehensive property management services, this agreement delegates various tasks, such as rent collection, maintenance, and tenant relations, to Kings New York. In conclusion, the Kings New York Brokerage Agreement for Services to Landlords is a detailed contract that outlines the terms and responsibilities between Kings New York and landlords. By entering into this agreement, landlords can benefit from the professional assistance of a reputable brokerage firm, ensuring a successful real estate venture.
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.