Agreement with Ryan Hardin - Laserfiche WebLink

Home Browse Search

3. COMMERCIAL BUYER AND/OR TENANT REPRESENTATION CONTRACT: EXCLUSIVE This form is approved by the Minnesota Association of REALTORS® and the Minnesota Commercial Association of REALTORS®, which disclaims any liability arising out of use or misuse of this form. © 2025 Minnesota Association of REALTORS® 1. Date 2. Page 1 DEFINITIONS: Buyer and/or Tenant is Elk River Housing and Redevelopment Authority (e.g., trust, power of attorney, conservator, etc.) 4. Tenant"). Broker is Partners Real Estate Mn ("Buyer and/or (Real Estate Company Name) 5. ("Broker"). Buyer and/or Tenant gives Broker the exclusive right to locate and/or to assist in negotiations for the 6. © PURCHASE, exchange or option to purchase ("Purchase") ❑ LEASE, or option to lease ("Lease") ----------------------------------------------------------------------------(Check all that apply.) ----------- - -- - - ---------------------------------- 7. commercial, industrial, or investment property at a price and with terms acceptable to Buyer and/or Tenant. (If only 8. PURCHASE is checked, all references to Tenant, lessor, or Lease do not apply. If only LEASE is checked, all references 9. to Buyer, seller, or Purchase do not apply.) This Contract starts on December 1st 2025 , and ends 10. at 11:59 P.M. on December 1st 2026 , This Contract terminates upon successful closing and/or 11. Lease of a property or expiration or cancellation of this Contract, whichever occurs first. This Contract may only be 12. canceled by written mutual agreement of the parties. 13. BROKER'S OBLIGATION: Broker shall make a reasonable effort to locate property acceptable to Buyer and/or 14. Tenant. Broker shall use professional knowledge and skills to assist in negotiations for the Purchase and/or Lease of 15. property. Broker shall assist Buyer and/or Tenant throughout the transaction. Broker shall act in Buyer's and/or 16. Tenant's best interest at all times. Broker shall comply with all applicable nondiscrimination regulations. 17. BUYER'S AND/OR TENANT'S OBLIGATION: Buyer and/or Tenant shall work exclusively with Broker for the 18. Purchase and/or Lease of property. Buyer and/or Tenant shall promptly furnish to Broker accurate and relevant personal 19. financial information to ascertain Buyer's and/or Tenant's ability to Purchase and/or Lease property, if requested. 20. Buyer and/or Tenant shall cooperate with Broker in finding a property to Purchase and/or Lease. After a purchase and/ 21. or lease agreement has been accepted by seller and/or lessor, Buyer and/or Tenant is legally obligated to Purchase 22. and/or Lease the property. If Buyer refuses to close the Purchase and/or Tenant refuses to commence the Lease in 23. accordance with the terms of the executed lease agreement for any reason other than the failure of the seller and/or 24. lessor to perform, subject to relevant contingencies, Buyer and/or Tenant shall pay Broker all compensation due 25. under this Contract. 26. NOTICE: THE COMPENSATION FOR THE PURCHASE, LEASE, RENTAL OR MANAGEMENT OF REAL 27. PROPERTY SHALL BE DETERMINED BETWEEN EACH INDIVIDUAL BROKER AND THE BROKER'S 28. CLIENT. BROKER COMMISSIONS ARE NOT SET BY LAW AND ARE FULLY NEGOTIABLE. 29. BROKER'S COMPENSATION: (Fill in all blanks.) 30. COMPENSATION FOR PURCHASE: If Buyer, or any other person acting on Buyer's behalf, agrees to Purchase 31. any property, subject to the COMPENSATION CONDITIONS identified in lines 59-72, the following compensation shall 32. apply. Buyer shall pay Broker a retainer fee of $ 0.00 when Buyer signs this Contract. Broker 33. shall keep this fee even if Buyer does not Purchase property. The retainer paid shall apply toward satisfaction of 34. Buyer's obligation to compensate Broker. Buyer shall pay Broker, as Broker's compensation,: (Check any that apply.) 35. © 2.5 percent (%) of the selling price; 36. ❑ $ 37• ❑ $ per square foot; 38. ❑ OTHER: 39. 40. 41. when Buyer closes the Purchase, or upon the occurrence of any of the following conditions, identified in lines 59-72. MNC:BTRC:E-1 (8/25) W Minnesot