Salt Lake Utah Listing Agreement with Broker for Leasing of Premises with Commission Agreement

• Category: Real Estate - Listing Agreements
• State: Multi-State
• County: Salt Lake
• 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. A Salt Lake Utah Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a legally binding contract used in the real estate industry. It outlines the terms and conditions between a property owner (referred to as the "Landlord" or "Lessor") and a licensed real estate broker (referred to as the "Broker" or "Agent") for the purpose of leasing the premises. The agreement ensures that both parties are aware of their rights, responsibilities, and the compensation involved. In a typical Salt Lake Utah Listing Agreement with Broker for Leasing of Premises with Commission Agreement, the following key elements are usually included: 1. Parties: This section identifies the Landlord and the Broker, including their respective legal names, addresses, and contact details. 2. Premises: Specifies the address, legal description, and any specific details about the premises being leased. It may include the property type (residential, commercial, etc.), size, amenities, or any unique features. 3. Exclusive Right to Lease: This section grants the Broker exclusive rights to market and lease the premises on behalf of the Landlord. It establishes the duration of the exclusive agreement, typically a specific number of months or until a specified termination date. 4. Listing Price and Terms: Outlines the monthly rental amount, security deposit, lease term, and any specific conditions set by the Landlord. It may also include instructions for the Broker on dealing with potential tenants, such as whether pets are allowed or if utilities are included in the lease. 5. Commission and Compensation: This specifies the commission amount or percentage that the Broker will receive upon successful lease execution. It may include details of any additional fees that the Landlord agrees to pay the Broker, such as advertising costs or property management fees. 6. Duties and Obligations: Outlines the responsibilities of both the Landlord and the Broker during the leasing process. It may include market research, advertising, property showings, tenant screening, lease negotiation, preparing the lease agreement, and ensuring compliance with local laws and regulations. 7. Termination: Describes the conditions under which either party can terminate the agreement before its expiration, such as breach of contract, non-performance, or mutual agreement. Types of Salt Lake Utah Listing Agreement with Broker for Leasing of Premises with Commission Agreement may include variations based on property type, lease duration, or specific requirements of the Landlord. Some types may include residential listing agreements, commercial listing agreements, short-term vacation rental agreements, or industrial property listing agreements. In conclusion, a Salt Lake Utah Listing Agreement with Broker for Leasing of Premises with Commission Agreement is an essential document that ensures a clear understanding between the Landlord and the Broker regarding the leasing of a property. It helps protect both parties' interests while providing a framework for a successful leasing process.

A Salt Lake Utah Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a legally binding contract used in the real estate industry. It outlines the terms and conditions between a property owner (referred to as the "Landlord" or "Lessor") and a licensed real estate broker (referred to as the "Broker" or "Agent") for the purpose of leasing the premises. The agreement ensures that both parties are aware of their rights, responsibilities, and the compensation involved. In a typical Salt Lake Utah Listing Agreement with Broker for Leasing of Premises with Commission Agreement, the following key elements are usually included: 1. Parties: This section identifies the Landlord and the Broker, including their respective legal names, addresses, and contact details. 2. Premises: Specifies the address, legal description, and any specific details about the premises being leased. It may include the property type (residential, commercial, etc.), size, amenities, or any unique features. 3. Exclusive Right to Lease: This section grants the Broker exclusive rights to market and lease the premises on behalf of the Landlord. It establishes the duration of the exclusive agreement, typically a specific number of months or until a specified termination date. 4. Listing Price and Terms: Outlines the monthly rental amount, security deposit, lease term, and any specific conditions set by the Landlord. It may also include instructions for the Broker on dealing with potential tenants, such as whether pets are allowed or if utilities are included in the lease. 5. Commission and Compensation: This specifies the commission amount or percentage that the Broker will receive upon successful lease execution. It may include details of any additional fees that the Landlord agrees to pay the Broker, such as advertising costs or property management fees. 6. Duties and Obligations: Outlines the responsibilities of both the Landlord and the Broker during the leasing process. It may include market research, advertising, property showings, tenant screening, lease negotiation, preparing the lease agreement, and ensuring compliance with local laws and regulations. 7. Termination: Describes the conditions under which either party can terminate the agreement before its expiration, such as breach of contract, non-performance, or mutual agreement. Types of Salt Lake Utah Listing Agreement with Broker for Leasing of Premises with Commission Agreement may include variations based on property type, lease duration, or specific requirements of the Landlord. Some types may include residential listing agreements, commercial listing agreements, short-term vacation rental agreements, or industrial property listing agreements. In conclusion, a Salt Lake Utah Listing Agreement with Broker for Leasing of Premises with Commission Agreement is an essential document that ensures a clear understanding between the Landlord and the Broker regarding the leasing of a property. It helps protect both parties' interests while providing a framework for a successful leasing process.