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.
San Antonio Texas Lease Provisions Relating to Brokers refer to specific clauses and conditions included in leasing agreements that pertain to the involvement and responsibilities of real estate brokers in San Antonio, Texas. These provisions aim to define the roles, obligations, and compensation terms between brokers and landlords or tenants in real estate transactions in San Antonio. Below are some types of San Antonio Texas Lease Provisions Relating to Brokers: 1. Exclusive Listing Agreement: This provision states that the landlord grants exclusive rights to one broker to market and lease their property for a specified period. It outlines the broker's duties, compensation, and terms for the agreement's termination. 2. Commission Payment: This provision explains how brokers will be compensated for their services. Typically, it specifies the broker's commission rate, whether it is based on a percentage of the lease amount or a fixed fee. It may also define when the commission is due, such as upon lease execution or rent commencement. 3. Broker Cooperation: This provision encourages cooperation between brokers by stating that if a cooperating broker procures a tenant, they will receive a portion of the commission. It incentivizes brokers to work together to secure desirable tenants for landlords. 4. Broker's Duties and Responsibilities: This provision outlines the broker's specific obligations, such as conducting property showings, marketing the property, screening tenants, negotiating lease terms, and preparing lease documents. It helps establish the standards and expectations for the broker's services. 5. Term and Renewal: This provision determines the initial lease term, renewal options, and whether the broker will have the exclusive right to represent the landlord or tenant for any renewals or extensions. 6. Governing Law: This provision specifies the laws of the state of Texas and San Antonio that will govern the lease agreement. It clarifies the legal jurisdiction in case of any disputes between the parties involved. 7. Indemnification: This provision outlines the responsibility of each party to indemnify and hold harmless the other party and their respective brokers from any claims, damages, or liabilities arising from the leasing transaction. 8. Termination Clause: This provision defines the circumstances under which the broker's engagement can be terminated, such as breach of contract, failure to perform, or expiration of the exclusive listing agreement. In conclusion, San Antonio Texas Lease Provisions Relating to Brokers are crucial elements within leasing agreements in San Antonio and serve to regulate the relationship between brokers and the parties involved in real estate transactions. These provisions protect the interests of both brokers and landlords or tenants and ensure a fair and professional leasing process.San Antonio Texas Lease Provisions Relating to Brokers refer to specific clauses and conditions included in leasing agreements that pertain to the involvement and responsibilities of real estate brokers in San Antonio, Texas. These provisions aim to define the roles, obligations, and compensation terms between brokers and landlords or tenants in real estate transactions in San Antonio. Below are some types of San Antonio Texas Lease Provisions Relating to Brokers: 1. Exclusive Listing Agreement: This provision states that the landlord grants exclusive rights to one broker to market and lease their property for a specified period. It outlines the broker's duties, compensation, and terms for the agreement's termination. 2. Commission Payment: This provision explains how brokers will be compensated for their services. Typically, it specifies the broker's commission rate, whether it is based on a percentage of the lease amount or a fixed fee. It may also define when the commission is due, such as upon lease execution or rent commencement. 3. Broker Cooperation: This provision encourages cooperation between brokers by stating that if a cooperating broker procures a tenant, they will receive a portion of the commission. It incentivizes brokers to work together to secure desirable tenants for landlords. 4. Broker's Duties and Responsibilities: This provision outlines the broker's specific obligations, such as conducting property showings, marketing the property, screening tenants, negotiating lease terms, and preparing lease documents. It helps establish the standards and expectations for the broker's services. 5. Term and Renewal: This provision determines the initial lease term, renewal options, and whether the broker will have the exclusive right to represent the landlord or tenant for any renewals or extensions. 6. Governing Law: This provision specifies the laws of the state of Texas and San Antonio that will govern the lease agreement. It clarifies the legal jurisdiction in case of any disputes between the parties involved. 7. Indemnification: This provision outlines the responsibility of each party to indemnify and hold harmless the other party and their respective brokers from any claims, damages, or liabilities arising from the leasing transaction. 8. Termination Clause: This provision defines the circumstances under which the broker's engagement can be terminated, such as breach of contract, failure to perform, or expiration of the exclusive listing agreement. In conclusion, San Antonio Texas Lease Provisions Relating to Brokers are crucial elements within leasing agreements in San Antonio and serve to regulate the relationship between brokers and the parties involved in real estate transactions. These provisions protect the interests of both brokers and landlords or tenants and ensure a fair and professional leasing process.
