Cook Illinois Listing Agreement with Broker for Leasing of Premises with Commission Agreement

• Category: Real Estate - Listing Agreements
• State: Multi-State
• County: Cook
• 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. The Cook Illinois Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a legally binding contract created between a property owner (referred to as the "Landlord") and a licensed real estate broker or agent (referred to as the "Broker"). This agreement outlines the terms and conditions under which the Broker will exclusively represent the Landlord in leasing out their premises to potential tenants. The agreement begins with identifying information of both parties involved, including their legal names, addresses, and contact details. It also includes a description of the premises being leased, including its address, size, and any specific features or amenities. The Cook Illinois Listing Agreement with Broker for Leasing of Premises with Commission Agreement typically specifies the duration of the agreement, outlining the start and end dates. This may be for a fixed period, or it might be open-ended, based on the preferences of the Landlord and the Broker. Furthermore, the agreement clearly defines the duties and responsibilities of the Broker. This may include marketing the premises, conducting property tours, screening potential tenants, negotiating lease terms, and handling any necessary paperwork or documentation. The Broker is expected to act in the best interest of the Landlord throughout the leasing process. One key element of the Cook Illinois Listing Agreement is the commission structure. This outlines how the Broker will be compensated for their services. The agreement may specify a flat fee, a percentage of the lease value, or a combination of both. Details about when and how the commission will be paid are also included, such as whether it will be paid upon the lease signing or upon the tenant moving in. If there are different types of Cook Illinois Listing Agreement with Broker for Leasing of Premises with Commission Agreement, they may include variations based on factors such as property type (residential, commercial, industrial), lease term (short-term, long-term), or specialized leasing needs (such as retail spaces, office spaces, or warehouses). These variants may have specific agreements catered to their unique requirements, but the core elements of the agreement will remain consistent. In conclusion, the Cook Illinois Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a detailed contract that establishes the relationship between a property owner and a licensed real estate broker or agent. It outlines the duties and responsibilities of the broker, the commission structure, and other relevant details in an effort to ensure a successful leasing process for the involved parties.

The Cook Illinois Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a legally binding contract created between a property owner (referred to as the "Landlord") and a licensed real estate broker or agent (referred to as the "Broker"). This agreement outlines the terms and conditions under which the Broker will exclusively represent the Landlord in leasing out their premises to potential tenants. The agreement begins with identifying information of both parties involved, including their legal names, addresses, and contact details. It also includes a description of the premises being leased, including its address, size, and any specific features or amenities. The Cook Illinois Listing Agreement with Broker for Leasing of Premises with Commission Agreement typically specifies the duration of the agreement, outlining the start and end dates. This may be for a fixed period, or it might be open-ended, based on the preferences of the Landlord and the Broker. Furthermore, the agreement clearly defines the duties and responsibilities of the Broker. This may include marketing the premises, conducting property tours, screening potential tenants, negotiating lease terms, and handling any necessary paperwork or documentation. The Broker is expected to act in the best interest of the Landlord throughout the leasing process. One key element of the Cook Illinois Listing Agreement is the commission structure. This outlines how the Broker will be compensated for their services. The agreement may specify a flat fee, a percentage of the lease value, or a combination of both. Details about when and how the commission will be paid are also included, such as whether it will be paid upon the lease signing or upon the tenant moving in. If there are different types of Cook Illinois Listing Agreement with Broker for Leasing of Premises with Commission Agreement, they may include variations based on factors such as property type (residential, commercial, industrial), lease term (short-term, long-term), or specialized leasing needs (such as retail spaces, office spaces, or warehouses). These variants may have specific agreements catered to their unique requirements, but the core elements of the agreement will remain consistent. In conclusion, the Cook Illinois Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a detailed contract that establishes the relationship between a property owner and a licensed real estate broker or agent. It outlines the duties and responsibilities of the broker, the commission structure, and other relevant details in an effort to ensure a successful leasing process for the involved parties.