Franklin Ohio Leasing Commission Agreement

• Category: Contracts - Commissions
• State: Multi-State
• County: Franklin
• Control #: US-0585BG
• Format: Word; Rich Text

Description

A leasing commission agreement is a contract between a real estate broker and an owner and/or tenant granting the broker the authority to act as the agent for the owner and/or tenant in the leasing of the property. A Franklin Ohio Leasing Commission Agreement is a legally binding contract that outlines the terms and conditions between a landlord or property owner and a leasing agent or broker regarding the payment of commissions for the successful lease of a property. This agreement serves as a protection for both parties involved and ensures clarity in the commission structure. The main purpose of the Franklin Ohio Leasing Commission Agreement is to establish the terms under which the leasing agent will be compensated for their services in finding suitable tenants for a property. The document typically includes important details such as property information, commission rate, lease term, and various conditions that might affect the commission payment. Various types of Franklin Ohio Leasing Commission Agreements may exist based on the specific needs and circumstances of the parties involved. Some common variations include: 1. Exclusive Franklin Ohio Leasing Commission Agreement: This type of agreement grants exclusive rights to a specific leasing agent/broker to lease the property during a predefined period. It prohibits the property owner from working with any other agent or leasing service provider. 2. Non-exclusive Franklin Ohio Leasing Commission Agreement: In contrast to the exclusive agreement, this type allows the property owner to work with multiple leasing agents/brokers simultaneously. The commission will only be paid to the agent who brings in the tenant. 3. Fixed Commission Franklin Ohio Leasing Commission Agreement: This agreement specifies a fixed commission rate or amount that the leasing agent will receive upon the successful lease of the property. The commission is not dependent on the rent amount or any other factors. 4. Percentage-based Franklin Ohio Leasing Commission Agreement: In this type of agreement, the commission paid to the leasing agent is a certain percentage of the gross or net rent collected throughout the lease term. The percentage may vary depending on the specific terms negotiated between the parties. Some additional relevant keywords related to Franklin Ohio Leasing Commission Agreement include lease agreement, property lease, real estate agent, property owner, tenant search, tenant placement, commission payment, property rental, rental agreement, landlord-agent relationship, leasing services, and lease term.

A Franklin Ohio Leasing Commission Agreement is a legally binding contract that outlines the terms and conditions between a landlord or property owner and a leasing agent or broker regarding the payment of commissions for the successful lease of a property. This agreement serves as a protection for both parties involved and ensures clarity in the commission structure. The main purpose of the Franklin Ohio Leasing Commission Agreement is to establish the terms under which the leasing agent will be compensated for their services in finding suitable tenants for a property. The document typically includes important details such as property information, commission rate, lease term, and various conditions that might affect the commission payment. Various types of Franklin Ohio Leasing Commission Agreements may exist based on the specific needs and circumstances of the parties involved. Some common variations include: 1. Exclusive Franklin Ohio Leasing Commission Agreement: This type of agreement grants exclusive rights to a specific leasing agent/broker to lease the property during a predefined period. It prohibits the property owner from working with any other agent or leasing service provider. 2. Non-exclusive Franklin Ohio Leasing Commission Agreement: In contrast to the exclusive agreement, this type allows the property owner to work with multiple leasing agents/brokers simultaneously. The commission will only be paid to the agent who brings in the tenant. 3. Fixed Commission Franklin Ohio Leasing Commission Agreement: This agreement specifies a fixed commission rate or amount that the leasing agent will receive upon the successful lease of the property. The commission is not dependent on the rent amount or any other factors. 4. Percentage-based Franklin Ohio Leasing Commission Agreement: In this type of agreement, the commission paid to the leasing agent is a certain percentage of the gross or net rent collected throughout the lease term. The percentage may vary depending on the specific terms negotiated between the parties. Some additional relevant keywords related to Franklin Ohio Leasing Commission Agreement include lease agreement, property lease, real estate agent, property owner, tenant search, tenant placement, commission payment, property rental, rental agreement, landlord-agent relationship, leasing services, and lease term.