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.
Tarrant Texas Lease Provisions Relating to Brokers serve as legal clauses in lease agreements, outlining the rights, responsibilities, and obligations of brokers involved in the leasing process within Tarrant County, Texas. These provisions aim to ensure transparency, protect the interests of all parties involved, and maintain ethical practices. There are several types of Tarrant Texas Lease Provisions Relating to Brokers, including: 1. Brokerage Fee: This provision specifies the amount or percentage of commission due to the broker upon successful lease execution. It outlines the conditions under which the fee is earned and when it becomes payable. 2. Exclusive Brokerage Agreement: This provision establishes an exclusive agency relationship between the property owner and the broker for a specific period. It grants the broker the sole right to market the property and ensures that any potential tenant secured by another party will still be credited to the original broker. 3. Broker's Duties and Obligations: This provision outlines the broker's obligations towards both the property owner and potential tenants. It includes responsibilities such as conducting due diligence, providing accurate property information, promoting the property, and negotiating lease terms. 4. Termination and Liquidated Damages: This provision details the circumstances under which either party can terminate the broker's services, the notice periods required, and any applicable liquidated damages. It helps protect both the broker and the property owner in case of contract breaches or early terminations. 5. Confidentiality: This provision ensures that brokers maintain confidentiality regarding sensitive information exchanged during the leasing process. It prohibits the disclosure of any confidential information to third parties without prior consent, safeguarding the privacy of all involved parties. 6. Indemnification: This provision holds the broker harmless from any claims, liabilities, or expenses arising from their actions or omissions during the leasing process. It emphasizes the importance of professional conduct and accountability. 7. Dispute Resolution: This provision establishes the method of resolving potential disputes between the parties, often through non-binding mediation or arbitration processes. It aims to avoid costly and time-consuming litigation. In summary, Tarrant Texas Lease Provisions Relating to Brokers are integral components of lease agreements. They regulate the broker's role and specify their rights and obligations. These provisions facilitate a fair and transparent leasing process while ensuring that all parties uphold ethical standards.Tarrant Texas Lease Provisions Relating to Brokers serve as legal clauses in lease agreements, outlining the rights, responsibilities, and obligations of brokers involved in the leasing process within Tarrant County, Texas. These provisions aim to ensure transparency, protect the interests of all parties involved, and maintain ethical practices. There are several types of Tarrant Texas Lease Provisions Relating to Brokers, including: 1. Brokerage Fee: This provision specifies the amount or percentage of commission due to the broker upon successful lease execution. It outlines the conditions under which the fee is earned and when it becomes payable. 2. Exclusive Brokerage Agreement: This provision establishes an exclusive agency relationship between the property owner and the broker for a specific period. It grants the broker the sole right to market the property and ensures that any potential tenant secured by another party will still be credited to the original broker. 3. Broker's Duties and Obligations: This provision outlines the broker's obligations towards both the property owner and potential tenants. It includes responsibilities such as conducting due diligence, providing accurate property information, promoting the property, and negotiating lease terms. 4. Termination and Liquidated Damages: This provision details the circumstances under which either party can terminate the broker's services, the notice periods required, and any applicable liquidated damages. It helps protect both the broker and the property owner in case of contract breaches or early terminations. 5. Confidentiality: This provision ensures that brokers maintain confidentiality regarding sensitive information exchanged during the leasing process. It prohibits the disclosure of any confidential information to third parties without prior consent, safeguarding the privacy of all involved parties. 6. Indemnification: This provision holds the broker harmless from any claims, liabilities, or expenses arising from their actions or omissions during the leasing process. It emphasizes the importance of professional conduct and accountability. 7. Dispute Resolution: This provision establishes the method of resolving potential disputes between the parties, often through non-binding mediation or arbitration processes. It aims to avoid costly and time-consuming litigation. In summary, Tarrant Texas Lease Provisions Relating to Brokers are integral components of lease agreements. They regulate the broker's role and specify their rights and obligations. These provisions facilitate a fair and transparent leasing process while ensuring that all parties uphold ethical standards.
