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.
Santa Clara, California Lease Provisions Relating to Brokers When it comes to leasing properties in Santa Clara, California, there are specific lease provisions that are important to understand, especially those relating to brokers. These provisions help protect the rights and interests of both landlords and tenants, ensuring a smooth leasing process. Below, we will provide a detailed description of Santa Clara California Lease Provisions Relating to Brokers, highlighting the different types if applicable. 1. Broker Authorization: This provision outlines the agreement between the landlord and the broker, granting the broker the authority to represent the landlord in leasing their property. It specifies the duration of the authorization, the scope of the broker's authority, and any exclusivity arrangements. 2. Brokerage Fees: Santa Clara lease provisions relating to brokers discuss the payment of brokerage fees. These provisions specify how and when the broker will be compensated for their services. The fee can be either a percentage of the total lease amount or a flat fee. 3. Duty of Care: This provision emphasizes the broker's responsibility to exercise reasonable care, skill, and diligence while representing the landlord. It ensures that the broker acts in the best interest of the landlord, safeguarding their rights during the leasing process. 4. Confidentiality: Santa Clara lease provisions often include confidentiality clauses, requiring brokers to keep all information regarding the landlord's property, finances, and business plans confidential. This provision protects the landlord's privacy and prevents the unauthorized disclosure of sensitive information. 5. Disclosure of Material Facts: Lease provisions relating to brokers also emphasize the broker's duty to disclose any material facts about the property that may impact the tenant's decision to lease. This includes information about any defects, potential hazards, or substantial restrictions that may exist. 6. Indemnification: This provision protects the landlord from any claims, expenses, or damages arising from the actions or omissions of the broker. It ensures that the broker takes responsibility for any errors or negligence on their part during the leasing process. 7. Termination: Santa Clara California lease provisions relating to brokers may include a termination clause. This allows the landlord or the broker to terminate the broker's representation at any time, provided they comply with any notice periods or requirements outlined in the lease agreement. Different types of Santa Clara California Lease Provisions Relating to Brokers may vary depending on the specific lease agreement, property type, and individual negotiations. However, the provisions mentioned above are commonly included to protect both parties and establish clear expectations throughout the leasing process. In conclusion, Santa Clara California Lease Provisions Relating to Brokers are crucial in ensuring a fair and secure leasing process. Landlords and tenants should carefully review and understand these provisions before entering into any lease agreement. It is advisable to seek legal advice or consult with a knowledgeable real estate professional to ensure compliance with all applicable regulations and to protect their respective interests.
