Mississippi 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. A Mississippi Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a legally binding contract between a property owner (landlord) and a licensed real estate broker. This agreement outlines the terms and conditions under which the broker is authorized to list, market, and lease the landlord's property on their behalf. The broker is entitled to receive a commission or fee for successfully leasing the premises. This type of agreement is commonly used in Mississippi to establish a professional relationship between landlords and brokers, ensuring that both parties' rights and responsibilities are protected. It offers a clear roadmap for advertising, showing, negotiating, and ultimately leasing the premises. Some key components typically found in a Mississippi Listing Agreement with Broker for Leasing of Premises with Commission Agreement include: 1. Property Information: The agreement should include a detailed description of the premises, including its location, size, amenities, and any unique features that may attract potential tenants. 2. Exclusive Agency or Open Listing: The agreement may specify whether it is an exclusive agency listing, granting the broker exclusive rights to lease the property, or an open listing, allowing the landlord to work with multiple brokers simultaneously. 3. Listing Period: The duration of the listing agreement is usually specified, typically ranging from a few months to a year. This timeframe gives the broker ample time to market and find suitable tenants for the property. 4. Listing Price and Terms: The landlord and broker may agree on an acceptable listing price and other leasing terms, such as the security deposit amount, rental period, and any specific conditions or restrictions. 5. Brokerage Fee or Commission: The agreement defines the commission structure or fee the broker is entitled to receive upon successfully leasing the premises. It may be a percentage of the lease amount, a flat fee, or a combination of both. 6. Obligations of the Broker: The agreement outlines the broker's responsibilities, which may include creating marketing materials, advertising the property, conducting property showings, screening potential tenants, negotiating lease terms, and handling necessary paperwork. 7. Obligations of the Landlord: The agreement may also outline the landlord's obligations, such as maintaining the property in good condition, providing necessary disclosures, and cooperating with the broker in the leasing process. It is worth noting that variations of this agreement may exist, with some specific to residential or commercial leasing. Different brokers may have their own customized versions of the agreement, which may contain additional clauses or provisions to protect their interests and reflect their preferred way of conducting business. In conclusion, a Mississippi Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a crucial legal document that establishes the working relationship between landlords and brokers. It ensures transparency, protects both parties, and facilitates the successful leasing of properties in Mississippi's real estate market.

A Mississippi Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a legally binding contract between a property owner (landlord) and a licensed real estate broker. This agreement outlines the terms and conditions under which the broker is authorized to list, market, and lease the landlord's property on their behalf. The broker is entitled to receive a commission or fee for successfully leasing the premises. This type of agreement is commonly used in Mississippi to establish a professional relationship between landlords and brokers, ensuring that both parties' rights and responsibilities are protected. It offers a clear roadmap for advertising, showing, negotiating, and ultimately leasing the premises. Some key components typically found in a Mississippi Listing Agreement with Broker for Leasing of Premises with Commission Agreement include: 1. Property Information: The agreement should include a detailed description of the premises, including its location, size, amenities, and any unique features that may attract potential tenants. 2. Exclusive Agency or Open Listing: The agreement may specify whether it is an exclusive agency listing, granting the broker exclusive rights to lease the property, or an open listing, allowing the landlord to work with multiple brokers simultaneously. 3. Listing Period: The duration of the listing agreement is usually specified, typically ranging from a few months to a year. This timeframe gives the broker ample time to market and find suitable tenants for the property. 4. Listing Price and Terms: The landlord and broker may agree on an acceptable listing price and other leasing terms, such as the security deposit amount, rental period, and any specific conditions or restrictions. 5. Brokerage Fee or Commission: The agreement defines the commission structure or fee the broker is entitled to receive upon successfully leasing the premises. It may be a percentage of the lease amount, a flat fee, or a combination of both. 6. Obligations of the Broker: The agreement outlines the broker's responsibilities, which may include creating marketing materials, advertising the property, conducting property showings, screening potential tenants, negotiating lease terms, and handling necessary paperwork. 7. Obligations of the Landlord: The agreement may also outline the landlord's obligations, such as maintaining the property in good condition, providing necessary disclosures, and cooperating with the broker in the leasing process. It is worth noting that variations of this agreement may exist, with some specific to residential or commercial leasing. Different brokers may have their own customized versions of the agreement, which may contain additional clauses or provisions to protect their interests and reflect their preferred way of conducting business. In conclusion, a Mississippi Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a crucial legal document that establishes the working relationship between landlords and brokers. It ensures transparency, protects both parties, and facilitates the successful leasing of properties in Mississippi's real estate market.