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.
North Dakota Lease Provisions Relating to Brokers
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US-OL29A07
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FAQ
Escalator offer. An escalation clause is a real estate contract, sometimes called an escalator, that lets a home buyer say: "I will pay X price for this home, but if the seller receives another offer that's higher than mine, I'm willing to increase my offer to Y price."
Example of an Escalator Clause For instance, if a buyer makes an offer of $400,000, an escalator clause could specify that if a higher offer comes in, the buyer will beat it by $3,000, but only up to $430,000.
If a licensee chooses to act as a non-agent in a transaction, the licensee: Still owes general duties of disclosure, reasonable care, and accounting to both parties.
Advertising and promotion must be free from deception and shall not misrepresent the terms of the sale or purchase, real estate brokerage agency policies, or real estate brokerage services.
Contract for Deed. - After, a contract for deed has been signed by the parties, the vendor retains the legal title to the land until the vendee has fully performed the terms of the contract. However, the law regards the vendee, as the owner of the property for most purposes, since the vendee ordinarily gets the.
