Pennsylvania 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. Pennsylvania Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a legally binding document that outlines the terms and conditions between a property owner (the "Client") and a licensed real estate broker (the "Broker") for the leasing of a property in Pennsylvania. This agreement serves as a written contract between both parties, detailing their responsibilities and obligations throughout the leasing process, including the payment of commissions. Key terms and components included in a Pennsylvania Listing Agreement with Broker for Leasing of Premises with Commission Agreement may include: 1. Parties: Clearly identify the Client and Broker involved in the agreement, including their full legal names and contact information. 2. Property Description: Provide a detailed description of the premises being leased, including the address, size, amenities, and any additional relevant details. 3. Term and Termination: Specify the length of the agreement and any provisions for early termination or extensions. 4. Listing Price and Terms: State the desired leasing price or rental rate for the property, along with any additional terms and conditions the Client wishes to impose on potential tenants. 5. Broker's Authorization: Grant the Broker the exclusive right to market, advertise, and show the premises to prospective tenants, outlining their authority to act on behalf of the Client. 6. Compensation and Commission: Detail the commission structure and payment terms for the Broker, including the percentage or flat fee to be paid upon successful leasing of the premises. This section should also outline how and when the commission will be paid. 7. Duties and Obligations: Clarify the responsibilities of both the Client and the Broker, such as maintaining the property's condition, abiding by fair housing laws, providing necessary documentation, and cooperating throughout the leasing process. 8. Disclosures and Representations: Include any necessary disclosures or representations required by Pennsylvania law, such as the presence of lead-based paint or the property's compliance with zoning regulations. 9. Indemnification and Liability: Establish the liability of each party for damages, injuries, or losses incurred during the leasing process. 10. Governing Law: Specify that the agreement will be governed by the laws of Pennsylvania and any disputes will be resolved through arbitration or in a Pennsylvania court. Different types of Pennsylvania Listing Agreements with Broker for Leasing of Premises with Commission Agreement may exist depending on specific customization or modifications to the standard agreement. These variations may include specific clauses related to the duration of exclusivity, conditions for early termination, additional services provided by the Broker (such as property management), or unique commission structures. In sum, the Pennsylvania Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a vital document that establishes the relationship between a property owner and a real estate broker, ensuring clear communication, defined responsibilities, and proper compensation throughout the process of leasing a property.

Pennsylvania Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a legally binding document that outlines the terms and conditions between a property owner (the "Client") and a licensed real estate broker (the "Broker") for the leasing of a property in Pennsylvania. This agreement serves as a written contract between both parties, detailing their responsibilities and obligations throughout the leasing process, including the payment of commissions. Key terms and components included in a Pennsylvania Listing Agreement with Broker for Leasing of Premises with Commission Agreement may include: 1. Parties: Clearly identify the Client and Broker involved in the agreement, including their full legal names and contact information. 2. Property Description: Provide a detailed description of the premises being leased, including the address, size, amenities, and any additional relevant details. 3. Term and Termination: Specify the length of the agreement and any provisions for early termination or extensions. 4. Listing Price and Terms: State the desired leasing price or rental rate for the property, along with any additional terms and conditions the Client wishes to impose on potential tenants. 5. Broker's Authorization: Grant the Broker the exclusive right to market, advertise, and show the premises to prospective tenants, outlining their authority to act on behalf of the Client. 6. Compensation and Commission: Detail the commission structure and payment terms for the Broker, including the percentage or flat fee to be paid upon successful leasing of the premises. This section should also outline how and when the commission will be paid. 7. Duties and Obligations: Clarify the responsibilities of both the Client and the Broker, such as maintaining the property's condition, abiding by fair housing laws, providing necessary documentation, and cooperating throughout the leasing process. 8. Disclosures and Representations: Include any necessary disclosures or representations required by Pennsylvania law, such as the presence of lead-based paint or the property's compliance with zoning regulations. 9. Indemnification and Liability: Establish the liability of each party for damages, injuries, or losses incurred during the leasing process. 10. Governing Law: Specify that the agreement will be governed by the laws of Pennsylvania and any disputes will be resolved through arbitration or in a Pennsylvania court. Different types of Pennsylvania Listing Agreements with Broker for Leasing of Premises with Commission Agreement may exist depending on specific customization or modifications to the standard agreement. These variations may include specific clauses related to the duration of exclusivity, conditions for early termination, additional services provided by the Broker (such as property management), or unique commission structures. In sum, the Pennsylvania Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a vital document that establishes the relationship between a property owner and a real estate broker, ensuring clear communication, defined responsibilities, and proper compensation throughout the process of leasing a property.