Agreement with Ryan Hardin - Laserfiche WebLink

Home Browse Search

COMMERCIAL BUYER AND/OR TENANT REPRESENTATION CONTRACT: EXCLUSIVE 42. Page 2 43. COMPENSATION FOR LEASE: If Tenant, or any other person acting on Tenant's behalf, agrees to Lease any 44. property, subject to the COMPENSATION CONDITIONS identified in lines 59-72, the following compensation shall 45. apply. Tenant shall pay Broker a retainer fee of $ when Tenant signs this Contract. 46. Broker shall keep this fee even if Tenant does not Lease property. The retainer paid shall apply toward satisfaction 47. of Tenant's obligation to compensate Broker. Tenant shall pay Broker, as Broker's compensation,: 48. (Check any that apply.) 49. ❑ - percent (%) of the total gross obligation of the lease price; 50. 51. 52. ❑ percent (%) of the total net obligation of the lease price; ❑ $- I■E? 53. ❑ $ 54. ❑ OTHER: per useable square foot; per rentable square foot; 55. 56. 57. upon the occurrence of any of the following conditions, identified in lines 59-72 and paid in the following manner: 58. percent (%) upon lease execution and percent (%) upon lease occupancy. 59. COMPENSATION CONDITIONS: 60. 1. Buyer and/or Tenant Purchases and/or Leases or agrees to Purchase and/or Lease a property before the end of 61. this Contract; or 62. 2. Within iso days (not to exceed six (6) months, except for the purchase or sale of a business, in which case 63. it cannot exceed two (2) years) after the end of this Contract, Buyer and/or Tenant Purchases and/or Leases 64. property which either Broker or Broker's salesperson has physically shown Buyer and/or Tenant or Broker or 65. Broker's salesperson has provided specific substantive information before the end of this Contract, so long as 66. Broker has identified this property on a written list Broker gives to Buyer and/or Tenant within 72 hours after the 67. end of this Contract. 68. Broker is authorized to negotiate and receive compensation paid by seller and/or lessor, or broker representing or 69. assisting seller and/or lessor. Any compensation accepted by Broker from seller and/or lessor, or broker representing 70. or assisting seller and/or lessor, SHALL reduce any obligation of Buyer and/or Tenant to pay compensation by 71. the amount received by seller and/or lessor, or broker. Broker must inform Buyer and/or Tenant in writing before 72. Buyer and/or Tenant signs an offer to Purchase and/or Lease the property. 73. CAUTION: BUYER'S AND/OR TENANT'S ACTIONS IN LOCATING A PROPERTY MAY AFFECT PAYMENT OF 74. COMPENSATION BY SELLER(S) AND/OR LESSOR(S) AND MAY THEREFORE OBLIGATE BUYER 75. AND/OR TENANT TO PAY ALL OR PART OF THE COMPENSATION IN CASH AT CLOSING. FOR 76. EXAMPLE: SIGNING A PURCHASE AND/OR LEASE AGREEMENT THROUGH ANOTHER BROKER 77. OR WITH SELLER AND/OR LESSOR MAY REQUIRE BUYER'S AND/OR TENANT'S PAYMENT OF 78. THE FULL COMPENSATION TO BUYER'S AND/OR TENANT'S BROKER. 79. ADDITIONAL COSTS: Buyer and/or Tenant acknowledges that Buyer and/or Tenant may be required to pay certain 80. costs at closing and/or in Leasing; including but not limited to application fees, credit checks, and/or closing costs; 81. which may effectively increase the cash outlay at closing. 82. CLOSING SERVICES: 83. NOTICE: THE REAL ESTATE BROKER, LICENSEE REPRESENTING BUYER, OR REAL ESTATE 84. CLOSING AGENT HAS NOT EXPRESSED AND, UNDER APPLICABLE STATE LAW, MAY NOT 85. EXPRESS OPINIONS REGARDING THE LEGAL EFFECT OF THE CLOSING DOCUMENTS OR OF 86. THE CLOSING ITSELF. 87. Buyer's choice for closing services: (Check one.) 88. © Buyer directs Broker to arrange for a qualified closing agent to conduct the closing. 89. ❑ Buyer shall arran a for a qualified closing agent or Buyer's attorney to conduct the closing. 90. (Buyer's Initials) (1410 rs niials) (�Minnesot, MNC:BTRC:E-2 (8/25) ., _ V. . ,„