Alaska Listing Agreement with Broker for Leasing of Premises with Commission Agreement

• Category: Real Estate - Listing Agreements
• State: Multi-State
• Control #: US-0584BG
• Format: Word; Rich Text

Description

This form is a listing agreement with a broker for the leasing of real property and contains a commission agreement. The Alaska Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a legally-binding contract that establishes a relationship between a property owner (the "Principal") and a real estate broker (the "Broker"). This agreement outlines the terms and conditions regarding the leasing of premises and the commission earned by the broker. In Alaska, there are two main types of listing agreements with brokers for leasing of premises with commission agreements: 1. Exclusive Right-to-Lease Agreement: This type of agreement gives the broker exclusive rights to represent the property owner in leasing the premises. The broker is guaranteed a commission even if the owner finds a tenant by themselves or through another broker during the listing period. This agreement typically includes a specified time frame for the exclusive representation. 2. Non-Exclusive Right-to-Lease Agreement: This agreement allows the property owner to work with multiple brokers simultaneously to market and lease the premises. The commission is earned by the broker who successfully finds a tenant for the property. In this type of agreement, the owner has the freedom to lease the premises on their own without owing a commission to any broker. The Alaska Listing Agreement with Broker for Leasing of Premises with Commission Agreement includes various essential components and provisions. It typically includes: 1. Parties: The agreement identifies the Principal (property owner) and the Broker involved in the agreement. 2. Property Description: The agreement provides a detailed description of the premises, including the address and any specific features or amenities. 3. Listing Price and Terms: The agreement specifies the desired leasing price and any specific lease terms set by the Principal. 4. Exclusive or Non-Exclusive Agreement: Specifies whether the agreement is exclusive or non-exclusive, outlining the rights and responsibilities of both parties accordingly. 5. Listing Period: The agreement stipulates the duration of the listing period, during which the broker exclusively represents the property owner and earns a commission. 6. Broker's Duties: Outlines the broker's responsibilities, which may include marketing the premises, showing the property, finding potential tenants, negotiating lease terms, and preparing the necessary documents. 7. Commission Structure: The agreement details the commission structure, including the percentage or fixed fee the broker will receive upon successful lease execution. 8. Termination Conditions: Specifies the conditions that allow either party to terminate the agreement prematurely and any associated fees or penalties. It is important to consult with a qualified attorney or real estate professional when drafting or entering into an Alaska Listing Agreement with Broker for Leasing of Premises with Commission Agreement, as the specific terms, conditions, and requirements may vary.

The Alaska Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a legally-binding contract that establishes a relationship between a property owner (the "Principal") and a real estate broker (the "Broker"). This agreement outlines the terms and conditions regarding the leasing of premises and the commission earned by the broker. In Alaska, there are two main types of listing agreements with brokers for leasing of premises with commission agreements: 1. Exclusive Right-to-Lease Agreement: This type of agreement gives the broker exclusive rights to represent the property owner in leasing the premises. The broker is guaranteed a commission even if the owner finds a tenant by themselves or through another broker during the listing period. This agreement typically includes a specified time frame for the exclusive representation. 2. Non-Exclusive Right-to-Lease Agreement: This agreement allows the property owner to work with multiple brokers simultaneously to market and lease the premises. The commission is earned by the broker who successfully finds a tenant for the property. In this type of agreement, the owner has the freedom to lease the premises on their own without owing a commission to any broker. The Alaska Listing Agreement with Broker for Leasing of Premises with Commission Agreement includes various essential components and provisions. It typically includes: 1. Parties: The agreement identifies the Principal (property owner) and the Broker involved in the agreement. 2. Property Description: The agreement provides a detailed description of the premises, including the address and any specific features or amenities. 3. Listing Price and Terms: The agreement specifies the desired leasing price and any specific lease terms set by the Principal. 4. Exclusive or Non-Exclusive Agreement: Specifies whether the agreement is exclusive or non-exclusive, outlining the rights and responsibilities of both parties accordingly. 5. Listing Period: The agreement stipulates the duration of the listing period, during which the broker exclusively represents the property owner and earns a commission. 6. Broker's Duties: Outlines the broker's responsibilities, which may include marketing the premises, showing the property, finding potential tenants, negotiating lease terms, and preparing the necessary documents. 7. Commission Structure: The agreement details the commission structure, including the percentage or fixed fee the broker will receive upon successful lease execution. 8. Termination Conditions: Specifies the conditions that allow either party to terminate the agreement prematurely and any associated fees or penalties. It is important to consult with a qualified attorney or real estate professional when drafting or entering into an Alaska Listing Agreement with Broker for Leasing of Premises with Commission Agreement, as the specific terms, conditions, and requirements may vary.