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.
Palm Beach, Florida is a luxurious and vibrant coastal city known for its pristine beaches, upscale shopping, and world-class dining. When it comes to leasing properties in Palm Beach, there are specific lease provisions relating to brokers that both landlords and tenants must be aware of. These provisions aim to ensure a fair and transparent leasing process and protect the interests of all parties involved. One critical Palm Beach Florida lease provision relating to brokers is the Exclusive Agency Agreement. Under this agreement, a landlord grants an exclusive right to a particular broker or real estate agency to market and lease their property. In return, the broker agrees to use their best efforts to secure a suitable tenant during the specified term. This provision restricts the landlord from engaging multiple brokers to lease the property, ensuring that the chosen broker has the exclusive privilege to represent the landlord's interests. Another essential provision is the Commission Agreement, which outlines the compensation terms for the broker's services. This agreement specifies the amount or percentage of commission payable to the broker upon successfully leasing the property. The Commission Agreement also defines the circumstances under which the commission is earned, such as upon the execution of the lease agreement or when the tenant takes possession of the property. Furthermore, the Palm Beach lease provisions may include the Duty to Cooperate provision. This provision requires the landlord and tenant to cooperate fully with the broker during the leasing process. It stipulates that both parties must provide accurate and timely information, grant reasonable access to the property for viewings, and act in good faith throughout the negotiation and execution of the lease agreement. In addition to these general lease provisions, there may be specific provisions tailored to the Palm Beach area. For instance, Palm Beach Florida lease provisions relating to brokers could include clauses regarding compliance with local zoning and building codes, adherence to restrictive covenants or homeowner association rules, and compliance with environmental regulations specific to the region. To sum up, Palm Beach, Florida lease provisions relating to brokers encompass various agreements and obligations to ensure a smooth and efficient leasing process. The Exclusive Agency Agreement, Commission Agreement, and Duty to Cooperate provision are among the core provisions. It is important for both landlords and tenants, as well as the brokers themselves, to understand and abide by these lease provisions to foster a successful leasing experience in the beautiful Palm Beach area.Palm Beach, Florida is a luxurious and vibrant coastal city known for its pristine beaches, upscale shopping, and world-class dining. When it comes to leasing properties in Palm Beach, there are specific lease provisions relating to brokers that both landlords and tenants must be aware of. These provisions aim to ensure a fair and transparent leasing process and protect the interests of all parties involved. One critical Palm Beach Florida lease provision relating to brokers is the Exclusive Agency Agreement. Under this agreement, a landlord grants an exclusive right to a particular broker or real estate agency to market and lease their property. In return, the broker agrees to use their best efforts to secure a suitable tenant during the specified term. This provision restricts the landlord from engaging multiple brokers to lease the property, ensuring that the chosen broker has the exclusive privilege to represent the landlord's interests. Another essential provision is the Commission Agreement, which outlines the compensation terms for the broker's services. This agreement specifies the amount or percentage of commission payable to the broker upon successfully leasing the property. The Commission Agreement also defines the circumstances under which the commission is earned, such as upon the execution of the lease agreement or when the tenant takes possession of the property. Furthermore, the Palm Beach lease provisions may include the Duty to Cooperate provision. This provision requires the landlord and tenant to cooperate fully with the broker during the leasing process. It stipulates that both parties must provide accurate and timely information, grant reasonable access to the property for viewings, and act in good faith throughout the negotiation and execution of the lease agreement. In addition to these general lease provisions, there may be specific provisions tailored to the Palm Beach area. For instance, Palm Beach Florida lease provisions relating to brokers could include clauses regarding compliance with local zoning and building codes, adherence to restrictive covenants or homeowner association rules, and compliance with environmental regulations specific to the region. To sum up, Palm Beach, Florida lease provisions relating to brokers encompass various agreements and obligations to ensure a smooth and efficient leasing process. The Exclusive Agency Agreement, Commission Agreement, and Duty to Cooperate provision are among the core provisions. It is important for both landlords and tenants, as well as the brokers themselves, to understand and abide by these lease provisions to foster a successful leasing experience in the beautiful Palm Beach area.
