Alabama 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 Alabama Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a legally binding contract between a property owner (referred to as the "Landlord") and a licensed real estate broker (referred to as the "Broker"). This agreement outlines the terms and conditions regarding the leasing of the premises and the commission payable to the Broker for their services. The keywords relevant to this topic include: Alabama, Listing Agreement, Broker, Leasing of Premises, Commission Agreement. There are different types of Alabama Listing Agreement with Broker for Leasing of Premises with Commission Agreement, including: 1. Exclusive Right to Lease Listing Agreement: This type of agreement grants the Broker exclusive rights to market and lease the premises. It means that the Landlord cannot engage any other brokers or find tenants on their own during the agreement's term. The commission is payable to the Broker, regardless of who finds the tenant. 2. Open Listing Agreement: This type of agreement allows the Landlord to engage multiple brokers simultaneously. The commission is only payable to the Broker who secures the tenant for the premises. 3. Net Listing Agreement: In this type of agreement, the commission payable to the Broker is based on the difference between the negotiated lease amount and the Landlord's desired net amount. The commission value is agreed upon beforehand. 4. Exclusive Agency Listing Agreement: Similar to the exclusive right to lease agreement, this type grants the Broker exclusive rights to market and lease the premises. However, the Landlord retains the right to lease the premises themselves without paying any commission to the Broker. The commission is only payable if the Broker secures the tenant. It is important for both the Landlord and the Broker to carefully review and understand the terms and conditions mentioned in the agreement before signing. Consulting a legal professional is recommended to ensure compliance with the laws and regulations of Alabama.

The Alabama Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a legally binding contract between a property owner (referred to as the "Landlord") and a licensed real estate broker (referred to as the "Broker"). This agreement outlines the terms and conditions regarding the leasing of the premises and the commission payable to the Broker for their services. The keywords relevant to this topic include: Alabama, Listing Agreement, Broker, Leasing of Premises, Commission Agreement. There are different types of Alabama Listing Agreement with Broker for Leasing of Premises with Commission Agreement, including: 1. Exclusive Right to Lease Listing Agreement: This type of agreement grants the Broker exclusive rights to market and lease the premises. It means that the Landlord cannot engage any other brokers or find tenants on their own during the agreement's term. The commission is payable to the Broker, regardless of who finds the tenant. 2. Open Listing Agreement: This type of agreement allows the Landlord to engage multiple brokers simultaneously. The commission is only payable to the Broker who secures the tenant for the premises. 3. Net Listing Agreement: In this type of agreement, the commission payable to the Broker is based on the difference between the negotiated lease amount and the Landlord's desired net amount. The commission value is agreed upon beforehand. 4. Exclusive Agency Listing Agreement: Similar to the exclusive right to lease agreement, this type grants the Broker exclusive rights to market and lease the premises. However, the Landlord retains the right to lease the premises themselves without paying any commission to the Broker. The commission is only payable if the Broker secures the tenant. It is important for both the Landlord and the Broker to carefully review and understand the terms and conditions mentioned in the agreement before signing. Consulting a legal professional is recommended to ensure compliance with the laws and regulations of Alabama.