Tennessee 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. Tennessee Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a legally binding contract that outlines the terms and conditions between a property owner or landlord and a licensed real estate broker for the purpose of leasing their premises. This agreement serves to protect the rights and interests of both parties involved in the leasing transaction. Keywords: Tennessee, listing agreement, broker, leasing, premises, commission agreement There are different types of Tennessee Listing Agreement with Broker for Leasing of Premises with Commission Agreement, which can include: 1. Exclusive Right to Lease Agreement: This type of agreement grants the broker the sole and exclusive right to lease the premises on behalf of the property owner. The broker receives a commission only if they secure a tenant for the property within the agreed-upon terms. 2. Open Listing Agreement: In an open listing agreement, the property owner retains the right to work with multiple brokers simultaneously. Only the broker who successfully finds a tenant is entitled to receive a commission. 3. Net Listing Agreement: In a net listing agreement, the commission for the broker is based on the difference between the rental income and the property owner's set minimum price. This type of agreement is less common and may require additional considerations due to potential ethical concerns. It is important to note that while the Tennessee Listing Agreement with Broker for Leasing of Premises with Commission Agreement typically encompasses the basic terms and conditions of the broker's engagement, additional provisions, such as the duration of the agreement, marketing strategies, property maintenance responsibilities, and dispute resolution methods, may also be included. To ensure the contractual terms align with the specific needs of both the property owner and the broker, it is advisable to consult with a qualified attorney or real estate professional familiar with Tennessee laws and regulations. This will help guarantee a fair and mutually beneficial agreement for all parties involved in the leasing transaction.

Tennessee Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a legally binding contract that outlines the terms and conditions between a property owner or landlord and a licensed real estate broker for the purpose of leasing their premises. This agreement serves to protect the rights and interests of both parties involved in the leasing transaction. Keywords: Tennessee, listing agreement, broker, leasing, premises, commission agreement There are different types of Tennessee Listing Agreement with Broker for Leasing of Premises with Commission Agreement, which can include: 1. Exclusive Right to Lease Agreement: This type of agreement grants the broker the sole and exclusive right to lease the premises on behalf of the property owner. The broker receives a commission only if they secure a tenant for the property within the agreed-upon terms. 2. Open Listing Agreement: In an open listing agreement, the property owner retains the right to work with multiple brokers simultaneously. Only the broker who successfully finds a tenant is entitled to receive a commission. 3. Net Listing Agreement: In a net listing agreement, the commission for the broker is based on the difference between the rental income and the property owner's set minimum price. This type of agreement is less common and may require additional considerations due to potential ethical concerns. It is important to note that while the Tennessee Listing Agreement with Broker for Leasing of Premises with Commission Agreement typically encompasses the basic terms and conditions of the broker's engagement, additional provisions, such as the duration of the agreement, marketing strategies, property maintenance responsibilities, and dispute resolution methods, may also be included. To ensure the contractual terms align with the specific needs of both the property owner and the broker, it is advisable to consult with a qualified attorney or real estate professional familiar with Tennessee laws and regulations. This will help guarantee a fair and mutually beneficial agreement for all parties involved in the leasing transaction.