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.
Broward Florida Lease Provisions Relating to Brokers are essential aspects of rental agreements in Broward County, Florida. These specific provisions govern the role and responsibilities of brokers involved in leasing transactions, ensuring fair and lawful practices between landlords, tenants, and real estate professionals. Below, we will explore different types of Broward Florida Lease Provisions Relating to Brokers and their significance. 1. Exclusive Representation: This provision establishes whether a broker represents only the landlord (Listing Agreement) or the tenant (Tenant Representation Agreement) exclusively in lease negotiations. It clarifies the scope of the broker's duties and who they owe fiduciary responsibilities to during the lease process. 2. Commission Agreement: This provision outlines the agreed-upon commission structure between the broker and their client (either the landlord or tenant). It includes details about the commission percentage, when it is payable, and under what circumstances. 3. Broker's Duties and Responsibilities: Broward Florida Lease Provisions often include a section that defines the broker's obligations to the landlord or tenant. This may include conducting thorough property searches, negotiating terms, providing accurate information, and facilitating lease execution. 4. Disclosure Requirements: These provisions stipulate that brokers must disclose any conflicts of interest or dual agency relationships to their clients. Dual agency occurs when a broker represents both the landlord and tenant in the same transaction, potentially creating a conflict of interest. 5. No Guarantee of Listing Accuracy: Some lease agreements include a provision releasing the broker from liability regarding the accuracy of the property listing. It acknowledges that the broker relies on information provided by the landlord, and the tenant should perform due diligence to verify the details independently. 6. Indemnification: This provision specifies that the tenant should indemnify and hold harmless the broker for any claims, damages, or expenses arising out of the leasing process, except for cases of the broker's negligence or misconduct. It is crucial for both landlords and tenants to thoroughly review and understand Broward Florida Lease Provisions Relating to Brokers before engaging in any leasing transaction. Consulting with legal professionals can provide further guidance and ensure compliance with applicable laws and regulations.Broward Florida Lease Provisions Relating to Brokers are essential aspects of rental agreements in Broward County, Florida. These specific provisions govern the role and responsibilities of brokers involved in leasing transactions, ensuring fair and lawful practices between landlords, tenants, and real estate professionals. Below, we will explore different types of Broward Florida Lease Provisions Relating to Brokers and their significance. 1. Exclusive Representation: This provision establishes whether a broker represents only the landlord (Listing Agreement) or the tenant (Tenant Representation Agreement) exclusively in lease negotiations. It clarifies the scope of the broker's duties and who they owe fiduciary responsibilities to during the lease process. 2. Commission Agreement: This provision outlines the agreed-upon commission structure between the broker and their client (either the landlord or tenant). It includes details about the commission percentage, when it is payable, and under what circumstances. 3. Broker's Duties and Responsibilities: Broward Florida Lease Provisions often include a section that defines the broker's obligations to the landlord or tenant. This may include conducting thorough property searches, negotiating terms, providing accurate information, and facilitating lease execution. 4. Disclosure Requirements: These provisions stipulate that brokers must disclose any conflicts of interest or dual agency relationships to their clients. Dual agency occurs when a broker represents both the landlord and tenant in the same transaction, potentially creating a conflict of interest. 5. No Guarantee of Listing Accuracy: Some lease agreements include a provision releasing the broker from liability regarding the accuracy of the property listing. It acknowledges that the broker relies on information provided by the landlord, and the tenant should perform due diligence to verify the details independently. 6. Indemnification: This provision specifies that the tenant should indemnify and hold harmless the broker for any claims, damages, or expenses arising out of the leasing process, except for cases of the broker's negligence or misconduct. It is crucial for both landlords and tenants to thoroughly review and understand Broward Florida Lease Provisions Relating to Brokers before engaging in any leasing transaction. Consulting with legal professionals can provide further guidance and ensure compliance with applicable laws and regulations.
