7.1. EDSR 12-20-2021 - Laserfiche WebLink

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138. Property located at COMMERCIAL LISTING CONTRACT: EXCLUSIVE 137. Page 4 81k River 55330 139. COMPENSATION FOR LEASE: (To be completed only if Property is being offered for lease.) Lessor shall pay Broker a 140. retainer fee of $ . when Lessor signs this Contract. Broker shall keep this fee even 141. if Lessor does not lease the Property. It is further agreed that Lessor shall pay Broker a brokerage fee of: 142. (Check any that apply.) 143. ❑ 144. ❑ 145. ❑ $ 146. ❑ $ 147. ❑ $ 148. 149. 150. 151. ❑ OTHER: percent (%) of the total gross obligation of the lease price; percent (%) of the total net obligation of the lease price; . per useable square foot; _. per rentable square foot; upon the occurrence of any of the following conditions, identified inAnes,153-201 andpaid k the following manner: 152. - _ percent (%) upon lease execution and percent (5/),upon lease occupano 153. COMPENSATION CONDITIONS: 154. 155. 156. 157. 158. 159. 160. 161. 162. 163. 164. 165. 166. 167. 168 169 170 171 172 173 1. The sale and/or lease, contract for sale and/or lease, exchange or conveYance of the Property during the period of this Contract by Broker or any other person.,_ including but Rot limited to, Seller and/or Lessor or any other agent or broker not a party to this Contract, iri accordance with the price, terms, or exchange as set forth here or as otherwise consented to by Seller and/iar Lessor; 2. A buyer and/or tenant is procured, whether by\Broker,-eller and/or Lessor or anyone else, who is ready, willing and able to purchase and/or lease the Property\at the price and termhs-set forth above and Seller and/or Lessor refuses to sell and/or lease; 3. A Seller and/or Lessor agrees6 sell and�br lease the Property before the expiration of this Contract, and Seller refuses to close the sale acid/or Lessor refuses to zommence the lease in accordance with the terms of the executed lease agreemerSt; 4. A Seller and/or Lessor reToves\the P'ropertyft-m -the market before expiration of this Listing Contract; 5. If Seller and/or Lessor grants ap option tp-purch pe and,/or lease the Property, Seller and/or Lessor shall compensate Broker, as provide here`,'based on the price paid forthe'option and for any extensions of the option. This compensation shall be paid upon receipt by, Seller and/or Lessor of any such payments. In the event such option is exercised, whether/during-the term 6fA,his Contract,,or within 6 months after, Seller and/or Lessor shall also compensate Brokeron the`gross sale and/or lease prige'of the Property in accordance with the provisions here. 174. 6 175. 176. 177. 178. 179. 7 180. 181. Notwithstanding the foregoing,to the extent that all or part of the price paid forthe option or any extension of the option is applied to the sale and/or Wase -price of the Property, then any compensation previously paid by Seller and/or Lessor to Broker,on account of such option payments shall be credited against the compensation payable to Broker on accountgf the ,exercise of the option; During the term of this,,Listing Contract or within 180 days (not to exceed six (6) months, except for the purchase or sale of a business in which case it cannot exceed two (2) years) after the expiration of this Listing Contract: (a) the Property is acquired by a public authority; (b) an agreement to acquire the Property is reached with a public authority; or (c) a public authority institutes eminent domain/condemnation proceedings to acquire the Property; Seller and/or Lessor contributes or conveys the Property or any interest therein to a partnership, joint venture or other business entity during the term of this Contract in lieu of a sale and/or lease of the Property during the term of this Contract; MNC:LC:E-4 (8/20) Minnesota Realtors' TRANSACTIONS TunwdonDesk Edition