This office lease provision states that the landlord and tenant each warrant and represent to the other party that there was no broker, finder or similar person, other than those listed, entitled to a commission, fee or other compensation, instrumental in consummating the lease. It also states that no conversations or prior negotiations were had by the landlord or tenant, respectively, or anyone acting on behalf of the landlord or the tenant, respectively, with any broker, finder or similar person, other than those listed, concerning the renting of the demised premises.
Alameda California Lease Provisions Relating to Brokers serve as critical clauses within lease agreements specific to the Alameda, California region. These provisions outline the rights, responsibilities, and obligations of both landlords and brokers involved in the leasing process. They facilitate a fair and transparent relationship between the parties involved, protecting their interests and ensuring a smooth transaction. Some key types of Alameda California Lease Provisions Relating to Brokers include: 1. Brokerage Agreement: This provision establishes the relationship between the landlord and the broker, outlining the scope of their authority, compensation terms, and the duration of the agreement. It specifies the services the broker will provide, such as marketing the property, screening potential tenants, and negotiating lease terms. 2. Exclusive Agency Agreement: In this agreement, the landlord grants exclusivity to a single broker or firm to market and lease the property. It prohibits the landlord or any other party from engaging with competing brokers during the designated period. The broker is entitled to compensation, even if the landlord independently finds a tenant during the exclusivity period. 3. Commission Structure: This provision outlines the commission structure for the broker's services, typically expressed as a percentage of the total lease value. It clarifies when the commission is payable, such as upon the signing of the lease or the tenant's occupancy. The provision may also establish the circumstances under which the commission is withheld or reduced. 4. Tenant Representation: In some cases, brokers may represent tenants seeking commercial or residential spaces. This provision clarifies the broker's obligations towards the tenant, such as assisting in finding suitable properties, negotiating lease terms, and ensuring the landlord fulfills their maintenance and repair obligations. 5. Tenant Introduction: This provision addresses scenarios where the landlord or their representative, instead of a broker, introduces a potential tenant to the property. It outlines the circumstances in which the landlord would still owe the broker a commission or if the broker's involvement is no longer required once the direct introduction occurs. 6. Termination Rights: Alameda California Lease Provisions Relating to Brokers include provisions allowing for termination of the broker's engagement under certain circumstances. This can include unsatisfactory performance, breach of the agreement, or completion of the agreed-upon services. These Alameda California Lease Provisions Relating to Brokers ensure that all parties involved in the leasing process understand their roles and expectations, providing a clear framework for a successful and mutually beneficial relationship.Alameda California Lease Provisions Relating to Brokers serve as critical clauses within lease agreements specific to the Alameda, California region. These provisions outline the rights, responsibilities, and obligations of both landlords and brokers involved in the leasing process. They facilitate a fair and transparent relationship between the parties involved, protecting their interests and ensuring a smooth transaction. Some key types of Alameda California Lease Provisions Relating to Brokers include: 1. Brokerage Agreement: This provision establishes the relationship between the landlord and the broker, outlining the scope of their authority, compensation terms, and the duration of the agreement. It specifies the services the broker will provide, such as marketing the property, screening potential tenants, and negotiating lease terms. 2. Exclusive Agency Agreement: In this agreement, the landlord grants exclusivity to a single broker or firm to market and lease the property. It prohibits the landlord or any other party from engaging with competing brokers during the designated period. The broker is entitled to compensation, even if the landlord independently finds a tenant during the exclusivity period. 3. Commission Structure: This provision outlines the commission structure for the broker's services, typically expressed as a percentage of the total lease value. It clarifies when the commission is payable, such as upon the signing of the lease or the tenant's occupancy. The provision may also establish the circumstances under which the commission is withheld or reduced. 4. Tenant Representation: In some cases, brokers may represent tenants seeking commercial or residential spaces. This provision clarifies the broker's obligations towards the tenant, such as assisting in finding suitable properties, negotiating lease terms, and ensuring the landlord fulfills their maintenance and repair obligations. 5. Tenant Introduction: This provision addresses scenarios where the landlord or their representative, instead of a broker, introduces a potential tenant to the property. It outlines the circumstances in which the landlord would still owe the broker a commission or if the broker's involvement is no longer required once the direct introduction occurs. 6. Termination Rights: Alameda California Lease Provisions Relating to Brokers include provisions allowing for termination of the broker's engagement under certain circumstances. This can include unsatisfactory performance, breach of the agreement, or completion of the agreed-upon services. These Alameda California Lease Provisions Relating to Brokers ensure that all parties involved in the leasing process understand their roles and expectations, providing a clear framework for a successful and mutually beneficial relationship.
