The lease term shall be defined as the period between the start and end dates listed in the rental agreement, not including any renewal period(s). CONSIDERATION AND TERM OF CONTRACT: This Agreement is entered into this ______ day of. ,.Contract Date: through Expiration on. PM. Listing Broker Office: ("Brokerage Firm"). Please review both the form and details of the particular transaction to ensure that each section is appropriate for the transaction. This agreement gives the real estate agent the right to list, market, and sell the property in exchange for a commission. In this video, we'll take a closer look at the Michigan Residential Lease Agreement for rental properties. This Exclusive Right To Sell Or Lease Contract ("Contract") is entered into as of the ______ day of. , 20____ (the "Effective. The parties understand, acknowledge and agree that the foregoing agreement on compensation is objectively ascertainable and not open-ended. b.