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.
Lima Arizona Lease Provisions Relating to Brokers are crucial clauses that govern the responsibilities, rights, and obligations of brokers involved in leasing real property in Lima, Arizona. These provisions aim to protect the interests of both landlords and tenants while ensuring transparency and fair practices in the lease agreement process. When it comes to Lima Arizona Lease Provisions Relating to Brokers, there are several key types to consider: 1. Broker Representation: This provision outlines the relationship between the broker and the landlord or tenant. It specifies whether the broker is representing the landlord, tenant, or acting as a dual agent, representing both parties. It also highlights the broker's fiduciary duties and responsibilities. 2. Compensation: This provision addresses how and when the broker will receive their commission or fees for their services. It outlines the agreed-upon compensation structure and whether the fee will be paid by the landlord, tenant, or split between both parties. 3. Exclusive or Non-Exclusive Listing: This provision determines whether the landlord grants exclusive or non-exclusive rights to the broker to market and lease their property. An exclusive listing ensures that only the designated broker can lease the property during a specified period, while a non-exclusive listing allows the landlord to engage multiple brokers simultaneously. 4. Marketing and Advertising: This provision lays out the broker's obligations and methods for marketing and advertising the property. It may specify the channels and mediums (online platforms, print advertisements, signage, etc.) that the broker will use to promote the property and attract potential tenants. 5. Tenant Qualification: This provision defines the criteria and process to qualify prospective tenants. It outlines the broker's responsibility for conducting background checks, credit screenings, and verifying references to ensure the suitability of potential tenants. 6. Lease Renewal and Extension: This provision addresses whether the broker will have the right to negotiate lease renewals or extensions on behalf of the landlord or tenant. It may also outline any additional compensation the broker is entitled to for successfully securing lease renewals or extensions. 7. Termination and Release: This provision stipulates the circumstances under which either party can terminate the brokerage agreement without repercussions and any associated notice periods. It may also include provisions for releasing the broker from any future obligations related to the lease agreement. These Lima Arizona Lease Provisions Relating to Brokers are an important aspect of any leasing transaction in the area. Landlords and tenants should thoroughly review these provisions to ensure that they align with their respective interests and protect their rights throughout the lease term.Lima Arizona Lease Provisions Relating to Brokers are crucial clauses that govern the responsibilities, rights, and obligations of brokers involved in leasing real property in Lima, Arizona. These provisions aim to protect the interests of both landlords and tenants while ensuring transparency and fair practices in the lease agreement process. When it comes to Lima Arizona Lease Provisions Relating to Brokers, there are several key types to consider: 1. Broker Representation: This provision outlines the relationship between the broker and the landlord or tenant. It specifies whether the broker is representing the landlord, tenant, or acting as a dual agent, representing both parties. It also highlights the broker's fiduciary duties and responsibilities. 2. Compensation: This provision addresses how and when the broker will receive their commission or fees for their services. It outlines the agreed-upon compensation structure and whether the fee will be paid by the landlord, tenant, or split between both parties. 3. Exclusive or Non-Exclusive Listing: This provision determines whether the landlord grants exclusive or non-exclusive rights to the broker to market and lease their property. An exclusive listing ensures that only the designated broker can lease the property during a specified period, while a non-exclusive listing allows the landlord to engage multiple brokers simultaneously. 4. Marketing and Advertising: This provision lays out the broker's obligations and methods for marketing and advertising the property. It may specify the channels and mediums (online platforms, print advertisements, signage, etc.) that the broker will use to promote the property and attract potential tenants. 5. Tenant Qualification: This provision defines the criteria and process to qualify prospective tenants. It outlines the broker's responsibility for conducting background checks, credit screenings, and verifying references to ensure the suitability of potential tenants. 6. Lease Renewal and Extension: This provision addresses whether the broker will have the right to negotiate lease renewals or extensions on behalf of the landlord or tenant. It may also outline any additional compensation the broker is entitled to for successfully securing lease renewals or extensions. 7. Termination and Release: This provision stipulates the circumstances under which either party can terminate the brokerage agreement without repercussions and any associated notice periods. It may also include provisions for releasing the broker from any future obligations related to the lease agreement. These Lima Arizona Lease Provisions Relating to Brokers are an important aspect of any leasing transaction in the area. Landlords and tenants should thoroughly review these provisions to ensure that they align with their respective interests and protect their rights throughout the lease term.
