District of Columbia 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 District of Columbia 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 real estate broker. This agreement outlines the terms and conditions under which the broker is authorized to represent the landlord regarding the leasing of a property in the District of Columbia. The agreement also includes provisions for commission fees that the broker is entitled to upon successfully leasing the premises to a tenant. The primary purpose of this agreement is to establish a clear understanding between the landlord and the broker, ensuring that both parties are aware of their rights, obligations, and expectations throughout the leasing process. By entering into this agreement, the landlord grants the broker an exclusive right to secure tenants for the property through marketing, advertising, and other appropriate means. In return, the broker agrees to use their best efforts to find suitable tenants and negotiate lease agreements on behalf of the landlord. Some key elements addressed in the District of Columbia Listing Agreement with Broker for Leasing of Premises with Commission Agreement include: 1. Property Details: This section provides a comprehensive description of the property, including its location, size, condition, and any other relevant attributes that potential tenants may find important. 2. Listing Term: The agreement specifies the duration for which the broker has the exclusive right to lease the premises. This can range from a few months to a year, depending on the landlord's preferences. 3. Commission Payment: The commission terms are clearly outlined, including the percentage or fixed amount of commission due to the broker upon successful lease execution. The agreement may also specify when the commission is payable, such as upon lease signing or when the tenant takes possession of the premises. 4. Marketing and Advertising: The agreement defines the broker's responsibility for promoting the property through various channels to attract potential tenants. This may include online listings, signage, print media, or other advertising methods commonly used in the real estate industry. 5. Tenant Qualification and Screening: The agreement may include provisions concerning the broker's duty to screen potential tenants, verifying their financial stability, credibility, and suitability for the property. This ensures that the landlord is presented with qualified candidates for lease consideration. It is important to note that while the main elements of the District of Columbia Listing Agreement with Broker for Leasing of Premises with Commission Agreement remain consistent, there can be variations based on the specific requirements of different landlords or properties. Additionally, there may be multiple versions or variations of this agreement used by different brokers or real estate agencies in the District of Columbia, each with their own specific terms and conditions tailored to their business practices.

The District of Columbia 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 real estate broker. This agreement outlines the terms and conditions under which the broker is authorized to represent the landlord regarding the leasing of a property in the District of Columbia. The agreement also includes provisions for commission fees that the broker is entitled to upon successfully leasing the premises to a tenant. The primary purpose of this agreement is to establish a clear understanding between the landlord and the broker, ensuring that both parties are aware of their rights, obligations, and expectations throughout the leasing process. By entering into this agreement, the landlord grants the broker an exclusive right to secure tenants for the property through marketing, advertising, and other appropriate means. In return, the broker agrees to use their best efforts to find suitable tenants and negotiate lease agreements on behalf of the landlord. Some key elements addressed in the District of Columbia Listing Agreement with Broker for Leasing of Premises with Commission Agreement include: 1. Property Details: This section provides a comprehensive description of the property, including its location, size, condition, and any other relevant attributes that potential tenants may find important. 2. Listing Term: The agreement specifies the duration for which the broker has the exclusive right to lease the premises. This can range from a few months to a year, depending on the landlord's preferences. 3. Commission Payment: The commission terms are clearly outlined, including the percentage or fixed amount of commission due to the broker upon successful lease execution. The agreement may also specify when the commission is payable, such as upon lease signing or when the tenant takes possession of the premises. 4. Marketing and Advertising: The agreement defines the broker's responsibility for promoting the property through various channels to attract potential tenants. This may include online listings, signage, print media, or other advertising methods commonly used in the real estate industry. 5. Tenant Qualification and Screening: The agreement may include provisions concerning the broker's duty to screen potential tenants, verifying their financial stability, credibility, and suitability for the property. This ensures that the landlord is presented with qualified candidates for lease consideration. It is important to note that while the main elements of the District of Columbia Listing Agreement with Broker for Leasing of Premises with Commission Agreement remain consistent, there can be variations based on the specific requirements of different landlords or properties. Additionally, there may be multiple versions or variations of this agreement used by different brokers or real estate agencies in the District of Columbia, each with their own specific terms and conditions tailored to their business practices.