Utah 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. Utah Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a legal document used when a property owner in Utah wishes to lease their premises through the assistance of a real estate broker. This agreement outlines the terms and conditions of the leasing process, including the broker's responsibilities, the duration of the agreement, and the commission that will be paid to the broker. Key elements of this agreement include: 1. Property Description: The agreement starts by providing a detailed description of the premises being leased. This includes the property address, type of property (residential, commercial, industrial, etc.), and any specific features or amenities. 2. Broker's Duties: The agreement specifies the duties and responsibilities of the broker, which typically include marketing the property, finding potential tenants, showing the premises, and negotiating lease terms on behalf of the owner. This section may also detail any requirements or expectations regarding advertising or promotional activities. 3. Exclusive Agency: The Utah Listing Agreement with Broker for Leasing of Premises generally establishes an exclusive agency relationship between the owner and the broker. This means that the owner agrees to work exclusively with the broker for a specified period, and the broker is entitled to a commission if they find a suitable tenant during that time. 4. Duration of Agreement: This section states the duration of the agreement, usually in a specific number of months or until a specific date. Upon expiration, the agreement may be renewed or terminated, depending on the parties' mutual agreement. 5. Commission and Payments: The commission agreement outlines the amount or percentage of the commission that the broker will earn upon a successful lease transaction. It may specify whether the commission is a percentage of the total rental amount or a fixed fee. Additionally, the agreement may outline the terms and conditions for payment, including any agreed-upon splits or disbursements between the broker and the owner. Different types of Utah Listing Agreement with Broker for Leasing of Premises with Commission Agreement may vary based on factors such as property type, duration, or specialized terms. Some examples of variations may include: 1. Residential Listing Agreement: Specifically designed for leasing residential properties, this agreement focuses on the unique aspects and considerations of the residential real estate market. 2. Commercial Listing Agreement: Tailored for leasing commercial properties like office spaces, retail stores, or warehouses, this agreement may include specific provisions related to commercial leases, such as tenant qualifications, permitted use, or commercial zoning requirements. 3. Short-Term Rental Listing Agreement: This type of agreement is suitable for leasing vacation homes, Airbnb properties, or other short-term rental accommodations. It may include additional clauses specific to the short-term rental market, such as rental rates, cleaning fees, or occupancy limits. In conclusion, the Utah Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a comprehensive legal document that governs the relationship between a property owner and a real estate broker when leasing a property. The agreement outlines the broker's responsibilities, commission terms, and duration of the agreement. Different variations of this agreement exist depending on the specifics of the property and intended use, such as residential, commercial, or short-term rentals.

Utah Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a legal document used when a property owner in Utah wishes to lease their premises through the assistance of a real estate broker. This agreement outlines the terms and conditions of the leasing process, including the broker's responsibilities, the duration of the agreement, and the commission that will be paid to the broker. Key elements of this agreement include: 1. Property Description: The agreement starts by providing a detailed description of the premises being leased. This includes the property address, type of property (residential, commercial, industrial, etc.), and any specific features or amenities. 2. Broker's Duties: The agreement specifies the duties and responsibilities of the broker, which typically include marketing the property, finding potential tenants, showing the premises, and negotiating lease terms on behalf of the owner. This section may also detail any requirements or expectations regarding advertising or promotional activities. 3. Exclusive Agency: The Utah Listing Agreement with Broker for Leasing of Premises generally establishes an exclusive agency relationship between the owner and the broker. This means that the owner agrees to work exclusively with the broker for a specified period, and the broker is entitled to a commission if they find a suitable tenant during that time. 4. Duration of Agreement: This section states the duration of the agreement, usually in a specific number of months or until a specific date. Upon expiration, the agreement may be renewed or terminated, depending on the parties' mutual agreement. 5. Commission and Payments: The commission agreement outlines the amount or percentage of the commission that the broker will earn upon a successful lease transaction. It may specify whether the commission is a percentage of the total rental amount or a fixed fee. Additionally, the agreement may outline the terms and conditions for payment, including any agreed-upon splits or disbursements between the broker and the owner. Different types of Utah Listing Agreement with Broker for Leasing of Premises with Commission Agreement may vary based on factors such as property type, duration, or specialized terms. Some examples of variations may include: 1. Residential Listing Agreement: Specifically designed for leasing residential properties, this agreement focuses on the unique aspects and considerations of the residential real estate market. 2. Commercial Listing Agreement: Tailored for leasing commercial properties like office spaces, retail stores, or warehouses, this agreement may include specific provisions related to commercial leases, such as tenant qualifications, permitted use, or commercial zoning requirements. 3. Short-Term Rental Listing Agreement: This type of agreement is suitable for leasing vacation homes, Airbnb properties, or other short-term rental accommodations. It may include additional clauses specific to the short-term rental market, such as rental rates, cleaning fees, or occupancy limits. In conclusion, the Utah Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a comprehensive legal document that governs the relationship between a property owner and a real estate broker when leasing a property. The agreement outlines the broker's responsibilities, commission terms, and duration of the agreement. Different variations of this agreement exist depending on the specifics of the property and intended use, such as residential, commercial, or short-term rentals.