Suffolk New York Listing Agreement with Broker for Leasing of Premises with Commission Agreement

• Category: Real Estate - Listing Agreements
• State: Multi-State
• County: Suffolk
• 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 Suffolk New York Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a legal contract between a property owner (the landlord) and a real estate broker (the agent) for the purpose of leasing the premises to tenants. This agreement outlines the terms and conditions under which the broker will represent the landlord in finding suitable tenants and earning a commission upon successful leasing of the property. The Suffolk New York Listing Agreement with Broker for Leasing of Premises with Commission Agreement typically includes several key elements. Firstly, it identifies the parties involved, including their contact information and legal responsibilities. Secondly, it defines the premises being leased, specifying details such as the location, size, and any specific features that may attract potential tenants. Additionally, the agreement states the duration of the listing period, during which the broker has exclusive rights to market and lease the property. One of the key components of this agreement is the commission structure. The commission is the fee the broker will receive upon leasing the premises to a tenant. It is typically calculated as a percentage of the total lease value or a fixed amount agreed upon by both parties. The agreement should clearly outline the commission rate, any additional fees, and how and when the commission will be paid to the broker. Furthermore, the Suffolk New York Listing Agreement with Broker for Leasing of Premises with Commission Agreement may include provisions regarding the marketing and advertising of the property. It may specify the methods and channels the broker will use to promote the premises, such as online listings, signage, and open houses. The agreement may also address any costs associated with marketing efforts and who is responsible for covering them. Another important aspect that may be addressed in the agreement is the landlord's obligations to maintain the premises in a suitable condition for leasing. This may include making necessary repairs, complying with building codes and regulations, and providing necessary utilities to the tenant. In Suffolk New York, there may be variations of Listing Agreement with Broker for Leasing of Premises with Commission Agreements based on specific circumstances or the preferences of the parties involved. For example, there may be agreements tailored for residential properties, commercial properties, or even multi-unit properties. These variations may include specific clauses related to tenant screening procedures, use restrictions, or additional obligations for the landlord. In summary, a Suffolk New York Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a detailed and legally binding contract that outlines the rights, responsibilities, and compensation for both the landlord and the broker when leasing a property. It serves to protect the interests of both parties and ensures a smooth leasing process.

A Suffolk New York Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a legal contract between a property owner (the landlord) and a real estate broker (the agent) for the purpose of leasing the premises to tenants. This agreement outlines the terms and conditions under which the broker will represent the landlord in finding suitable tenants and earning a commission upon successful leasing of the property. The Suffolk New York Listing Agreement with Broker for Leasing of Premises with Commission Agreement typically includes several key elements. Firstly, it identifies the parties involved, including their contact information and legal responsibilities. Secondly, it defines the premises being leased, specifying details such as the location, size, and any specific features that may attract potential tenants. Additionally, the agreement states the duration of the listing period, during which the broker has exclusive rights to market and lease the property. One of the key components of this agreement is the commission structure. The commission is the fee the broker will receive upon leasing the premises to a tenant. It is typically calculated as a percentage of the total lease value or a fixed amount agreed upon by both parties. The agreement should clearly outline the commission rate, any additional fees, and how and when the commission will be paid to the broker. Furthermore, the Suffolk New York Listing Agreement with Broker for Leasing of Premises with Commission Agreement may include provisions regarding the marketing and advertising of the property. It may specify the methods and channels the broker will use to promote the premises, such as online listings, signage, and open houses. The agreement may also address any costs associated with marketing efforts and who is responsible for covering them. Another important aspect that may be addressed in the agreement is the landlord's obligations to maintain the premises in a suitable condition for leasing. This may include making necessary repairs, complying with building codes and regulations, and providing necessary utilities to the tenant. In Suffolk New York, there may be variations of Listing Agreement with Broker for Leasing of Premises with Commission Agreements based on specific circumstances or the preferences of the parties involved. For example, there may be agreements tailored for residential properties, commercial properties, or even multi-unit properties. These variations may include specific clauses related to tenant screening procedures, use restrictions, or additional obligations for the landlord. In summary, a Suffolk New York Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a detailed and legally binding contract that outlines the rights, responsibilities, and compensation for both the landlord and the broker when leasing a property. It serves to protect the interests of both parties and ensures a smooth leasing process.