Georgia 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 Georgia Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a legal contract that outlines the agreement between a property owner (the "principal") and a licensed real estate broker ("broker") for the leasing of a property located in the state of Georgia. This contract specifies the terms and conditions under which the broker will act as the exclusive agent for leasing the premises, and the commission that the broker will receive for successfully leasing the property. Under this agreement, the broker is granted the exclusive right to market the property, advertise it, show it to prospective tenants, and negotiate lease terms on behalf of the principal. The agreement also outlines the duration of the listing period, which typically ranges from a few months to a year, during which the broker has the exclusive right to lease the property. In return for their services, the broker is entitled to a commission, which is usually a percentage of the total lease value. The commission rate is negotiable between the principal and the broker and may vary depending on various factors such as the type of property, duration of the lease, and market conditions. There are different types of Georgia Listing Agreements with Broker for Leasing of Premises with Commission Agreement, including: 1. Exclusive Right to Lease Agreement: This type of agreement grants the broker the exclusive right to lease the premises. It means that the principal cannot list the property with any other broker or lease it on their own during the listing period. 2. Exclusive Agency Agreement: In this agreement, the broker is given the exclusive right to lease the property, but the principal retains the right to lease the premises on their own without paying a commission if they find a tenant. 3. Open Listing Agreement: This type of agreement allows the principal to list the property with multiple brokers or lease it on their own. The broker who successfully leases the property is entitled to the commission. It is important for both parties to thoroughly review and understand the terms of the Georgia Listing Agreement with Broker for Leasing of Premises with Commission Agreement, as it legally binds them to the agreed-upon terms and conditions. It is recommended to seek legal advice before entering into such agreements to ensure compliance with state laws and to protect the interests of both parties involved.

The Georgia Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a legal contract that outlines the agreement between a property owner (the "principal") and a licensed real estate broker ("broker") for the leasing of a property located in the state of Georgia. This contract specifies the terms and conditions under which the broker will act as the exclusive agent for leasing the premises, and the commission that the broker will receive for successfully leasing the property. Under this agreement, the broker is granted the exclusive right to market the property, advertise it, show it to prospective tenants, and negotiate lease terms on behalf of the principal. The agreement also outlines the duration of the listing period, which typically ranges from a few months to a year, during which the broker has the exclusive right to lease the property. In return for their services, the broker is entitled to a commission, which is usually a percentage of the total lease value. The commission rate is negotiable between the principal and the broker and may vary depending on various factors such as the type of property, duration of the lease, and market conditions. There are different types of Georgia Listing Agreements with Broker for Leasing of Premises with Commission Agreement, including: 1. Exclusive Right to Lease Agreement: This type of agreement grants the broker the exclusive right to lease the premises. It means that the principal cannot list the property with any other broker or lease it on their own during the listing period. 2. Exclusive Agency Agreement: In this agreement, the broker is given the exclusive right to lease the property, but the principal retains the right to lease the premises on their own without paying a commission if they find a tenant. 3. Open Listing Agreement: This type of agreement allows the principal to list the property with multiple brokers or lease it on their own. The broker who successfully leases the property is entitled to the commission. It is important for both parties to thoroughly review and understand the terms of the Georgia Listing Agreement with Broker for Leasing of Premises with Commission Agreement, as it legally binds them to the agreed-upon terms and conditions. It is recommended to seek legal advice before entering into such agreements to ensure compliance with state laws and to protect the interests of both parties involved.