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.
Miami-Dade Florida Lease Provisions Relating to Brokers: A Comprehensive Guide Miami-Dade County, located in the southeastern part of Florida, is known for its vibrant real estate market, attracting both locals and international investors. When it comes to leasing properties in Miami-Dade, it is crucial for landlords, tenants, and brokers to understand the lease provisions relating to brokers and their specific rights and responsibilities. 1. Exclusive Right to Lease: This provision grants a specific broker the exclusive right to lease a property on behalf of the landlord. It ensures that only the designated broker can market and negotiate the lease terms for the property, limiting the involvement of other brokers. 2. Non-Exclusive Right to Lease: In contrast to the exclusive right to lease, this provision allows multiple brokers to market and negotiate the lease for a property. Landlords often opt for this provision to widen the pool of potential tenants and increase the chances of securing a tenant more quickly. 3. Commission and Fee Structure: Miami-Dade lease agreements include provisions that outline the broker's commission and fee structure. This provision specifies the percentage or flat fee that the broker is entitled to upon successfully leasing the property. It is essential to discuss and agree upon this compensation arrangement before initiating any leasing activities. 4. Dual Agency: Dual agency is a provision that allows a broker to represent both the landlord and the tenant in the same lease transaction. Although this provision may raise concerns about a potential conflict of interest, it is permitted in Miami-Dade County with the informed consent of both parties involved. 5. Termination and Entitlements: Lease agreements in Miami-Dade commonly specify provisions for early termination and the broker's entitlements in such cases. If the lease is terminated before its original term expires, the provision will detail the broker's right to receive any unpaid commission or fees up to the termination date. 6. Marketing and Advertising: This provision outlines the methods and platforms that brokers are permitted to use to market and advertise the property. It may include restrictions on signage, online listings, social media promotion, print media, or any other marketing strategies employed by the broker. 7. Professional Conduct: Miami-Dade lease provisions also emphasize the professional conduct expected from brokers during the leasing process. This includes honest and accurate representation of the property, timely communication, and adherence to fair housing laws to prevent any discriminatory practices. 8. Compliance with Laws: Lease agreements in Miami-Dade typically require brokers to comply with all local, state, and federal laws related to real estate transactions. This ensures that brokers follow applicable regulations regarding licensing, disclosure requirements, escrow handling, and other legal aspects. By understanding and incorporating these lease provisions relating to brokers, both landlords and tenants can navigate the Miami-Dade real estate market more effectively. Additionally, seeking legal advice and professional assistance from experienced brokers or real estate attorneys is highly recommended ensuring compliance with all legal obligations and maximize favorable leasing outcomes.Miami-Dade Florida Lease Provisions Relating to Brokers: A Comprehensive Guide Miami-Dade County, located in the southeastern part of Florida, is known for its vibrant real estate market, attracting both locals and international investors. When it comes to leasing properties in Miami-Dade, it is crucial for landlords, tenants, and brokers to understand the lease provisions relating to brokers and their specific rights and responsibilities. 1. Exclusive Right to Lease: This provision grants a specific broker the exclusive right to lease a property on behalf of the landlord. It ensures that only the designated broker can market and negotiate the lease terms for the property, limiting the involvement of other brokers. 2. Non-Exclusive Right to Lease: In contrast to the exclusive right to lease, this provision allows multiple brokers to market and negotiate the lease for a property. Landlords often opt for this provision to widen the pool of potential tenants and increase the chances of securing a tenant more quickly. 3. Commission and Fee Structure: Miami-Dade lease agreements include provisions that outline the broker's commission and fee structure. This provision specifies the percentage or flat fee that the broker is entitled to upon successfully leasing the property. It is essential to discuss and agree upon this compensation arrangement before initiating any leasing activities. 4. Dual Agency: Dual agency is a provision that allows a broker to represent both the landlord and the tenant in the same lease transaction. Although this provision may raise concerns about a potential conflict of interest, it is permitted in Miami-Dade County with the informed consent of both parties involved. 5. Termination and Entitlements: Lease agreements in Miami-Dade commonly specify provisions for early termination and the broker's entitlements in such cases. If the lease is terminated before its original term expires, the provision will detail the broker's right to receive any unpaid commission or fees up to the termination date. 6. Marketing and Advertising: This provision outlines the methods and platforms that brokers are permitted to use to market and advertise the property. It may include restrictions on signage, online listings, social media promotion, print media, or any other marketing strategies employed by the broker. 7. Professional Conduct: Miami-Dade lease provisions also emphasize the professional conduct expected from brokers during the leasing process. This includes honest and accurate representation of the property, timely communication, and adherence to fair housing laws to prevent any discriminatory practices. 8. Compliance with Laws: Lease agreements in Miami-Dade typically require brokers to comply with all local, state, and federal laws related to real estate transactions. This ensures that brokers follow applicable regulations regarding licensing, disclosure requirements, escrow handling, and other legal aspects. By understanding and incorporating these lease provisions relating to brokers, both landlords and tenants can navigate the Miami-Dade real estate market more effectively. Additionally, seeking legal advice and professional assistance from experienced brokers or real estate attorneys is highly recommended ensuring compliance with all legal obligations and maximize favorable leasing outcomes.
