This office lease provision states that the landlord and tenant each warrant and represent to the other party that there was no broker, finder or similar person, other than those listed, entitled to a commission, fee or other compensation, instrumental in consummating the lease. It also states that no conversations or prior negotiations were had by the landlord or tenant, respectively, or anyone acting on behalf of the landlord or the tenant, respectively, with any broker, finder or similar person, other than those listed, concerning the renting of the demised premises.
Florida Lease Provisions Relating to Brokers
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Multi-State
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US-OL29A07
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FAQ
Broker's Lien for Sales Commission in Florida Florida's Commercial Real Estate Sales Commission Lien Act states that a closing agent must reserve from the owner's net proceeds an amount equal to the broker's commission as claimed in the commission notice.
Florida law requires that real estate brokers maintain a physical office where they can meet with clients, store files, and conduct other business activities.
1(a) ?Broker? means a person who, for another, and for a compensation or valuable consideration directly or indirectly paid or promised, expressly or impliedly, or with an intent to collect or receive a compensation or valuable consideration therefor, appraises, auctions, sells, exchanges, buys, rents, or offers, ...
Florida Law 475, Part III, is the Commercial Real Estate Sales Commission Lien Act. The amount secured by any encumbrance, lien, or claim that takes precedence over the recorded commission notice is deducted from the gross sales proceeds. It also excludes any costs incurred by the owner to dispose of the property.
ING TO FLORIDA'S CONSTRUCTION LIEN LAW (SECTIONS 713.001-713.37, FLORIDA STATUTES), THOSE WHO WORK ON YOUR PROPERTY OR PROVIDE MATERIALS AND SERVICES AND ARE NOT PAID IN FULL HAVE A RIGHT TO ENFORCE THEIR CLAIM FOR PAYMENT AGAINST YOUR PROPERTY. THIS CLAIM IS KNOWN AS A CONSTRUCTION LIEN.
Florida Law 475, Part III, is the Commercial Real Estate Sales Commission Lien Act. The amount secured by any encumbrance, lien, or claim that takes precedence over the recorded commission notice is deducted from the gross sales proceeds. It also excludes any costs incurred by the owner to dispose of the property.
Ing to Florida Statute 713, Part 1, anyone who works on your property or provides materials and is not paid in full has a right to enforce their claim for payment against your property. This claim is known as a construction lien.
Florida Commercial Real Estate Liens Brokers involved in the sales of commercial properties have an automatic lien on the owner's net proceeds of sale, and the lien cannot be waived before the commission is earned.
