This form is a listing agreement with a broker for the leasing of real property and contains a commission agreement.
Houston, Texas 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 or landlord and a licensed real estate broker for the leasing of a property in Houston, Texas. This agreement establishes the responsibilities and obligations of both parties involved in the leasing process and ensures a smooth transaction from start to finish. In this agreement, the property owner engages the services of a licensed broker to act as their representative in finding a suitable tenant, negotiating lease terms, and executing the leasing agreement. The broker, in turn, agrees to diligently market the property, screen prospective tenants, and assist in preparing the necessary paperwork for the lease. The Houston, Texas Listing Agreement with Broker for Leasing of Premises with Commission Agreement typically includes important clauses such as: 1. Property Details: This section describes the premises being leased, including the address, square footage, property type, and any specific features or amenities. 2. Exclusive Listing: The agreement may specify whether the listing with the broker is exclusive, meaning that the property owner cannot work with other brokers or market the property independently during the agreement's term. 3. Listing Period: The agreement indicates the length of time the property owner is granting the broker exclusive rights to market and lease the premises, usually for a specified number of months. 4. Commission Structure: The agreement outlines the commission structure that the broker is entitled to upon successfully leasing the premises. This includes the commission rate or percentage of the lease value that the broker will receive as compensation. 5. Responsibilities of the Broker: This section outlines the tasks and duties the broker is expected to perform, such as advertising the property, conducting showings, screening potential tenants, negotiating lease terms, and preparing the lease agreement. 6. Owner's Obligations: The agreement may specify any responsibilities or obligations of the property owner, such as maintaining the property in a suitable condition, paying for necessary repairs or upgrades, or providing necessary documentation and disclosures. 7. Termination Clause: The agreement includes provisions for termination, such as notice periods and conditions under which either party may terminate the agreement before its expiration. Types of Houston, Texas Listing Agreement with Broker for Leasing of Premises with Commission Agreement may include: 1. Exclusive Listing Agreement: In this type, the property owner grants exclusive rights to one specific broker or agency to market and lease the premises. 2. Non-Exclusive Listing Agreement: In contrast to an exclusive listing, this type allows the property owner to work with multiple brokers simultaneously or market the property independently. 3. Open Listing Agreement: In an open listing, the property owner can engage several brokers or agencies to market and lease the premises, with the commission going to the broker who brings a successful tenant. In conclusion, the Houston, Texas Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a crucial document that protects the interests of both property owners and brokers involved in the leasing process. It provides a clear framework for their collaboration and ensures a smooth and successful lease transaction.
Houston, Texas 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 or landlord and a licensed real estate broker for the leasing of a property in Houston, Texas. This agreement establishes the responsibilities and obligations of both parties involved in the leasing process and ensures a smooth transaction from start to finish. In this agreement, the property owner engages the services of a licensed broker to act as their representative in finding a suitable tenant, negotiating lease terms, and executing the leasing agreement. The broker, in turn, agrees to diligently market the property, screen prospective tenants, and assist in preparing the necessary paperwork for the lease. The Houston, Texas Listing Agreement with Broker for Leasing of Premises with Commission Agreement typically includes important clauses such as: 1. Property Details: This section describes the premises being leased, including the address, square footage, property type, and any specific features or amenities. 2. Exclusive Listing: The agreement may specify whether the listing with the broker is exclusive, meaning that the property owner cannot work with other brokers or market the property independently during the agreement's term. 3. Listing Period: The agreement indicates the length of time the property owner is granting the broker exclusive rights to market and lease the premises, usually for a specified number of months. 4. Commission Structure: The agreement outlines the commission structure that the broker is entitled to upon successfully leasing the premises. This includes the commission rate or percentage of the lease value that the broker will receive as compensation. 5. Responsibilities of the Broker: This section outlines the tasks and duties the broker is expected to perform, such as advertising the property, conducting showings, screening potential tenants, negotiating lease terms, and preparing the lease agreement. 6. Owner's Obligations: The agreement may specify any responsibilities or obligations of the property owner, such as maintaining the property in a suitable condition, paying for necessary repairs or upgrades, or providing necessary documentation and disclosures. 7. Termination Clause: The agreement includes provisions for termination, such as notice periods and conditions under which either party may terminate the agreement before its expiration. Types of Houston, Texas Listing Agreement with Broker for Leasing of Premises with Commission Agreement may include: 1. Exclusive Listing Agreement: In this type, the property owner grants exclusive rights to one specific broker or agency to market and lease the premises. 2. Non-Exclusive Listing Agreement: In contrast to an exclusive listing, this type allows the property owner to work with multiple brokers simultaneously or market the property independently. 3. Open Listing Agreement: In an open listing, the property owner can engage several brokers or agencies to market and lease the premises, with the commission going to the broker who brings a successful tenant. In conclusion, the Houston, Texas Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a crucial document that protects the interests of both property owners and brokers involved in the leasing process. It provides a clear framework for their collaboration and ensures a smooth and successful lease transaction.