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Housing and Redevelopment Authority Packet - December 1, 2025
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Housing and Redevelopment Authority Packet - December 1, 2025
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COMMERCIAL BUYER AND/OR TENANT <br />REPRESENTATION CONTRACT: <br />EXCLUSIVE <br />42. Page 2 <br />43. COMPENSATION FOR LEASE: If Tenant, or any other person acting on Tenant’s behalf, agrees to Lease any <br />44. property, subject to the COMPENSATION CONDITIONS identified in lines 59-72, the following compensation shall <br />45. apply. Tenant shall pay Broker a retainer fee of $ when Tenant signs this Contract. <br />46. Broker shall keep this fee even if Tenant does not Lease property. The retainer paid shall apply toward satisfaction <br />47. of Tenant’s obligation to compensate Broker. Tenant shall pay Broker, as Broker’s compensation,: <br />48. (Check any that apply.) <br />49. percent (%) of the total gross obligation of the lease price; <br />50. percent (%) of the total net obligation of the lease price; <br />51. $ ; <br />52. $ per useable square foot; <br />53. $ per rentable square foot; <br />54. OTHER: <br />55. <br />56. ; <br />57. upon the occurrence of any of the following conditions, identified in lines 59-72 and paid in the following manner: <br />58. percent (%) upon lease execution and percent (%) upon lease occupancy. <br />59. COMPENSATION CONDITIONS: <br />60. 1. Buyer and/or Tenant Purchases and/or Leases or agrees to Purchase and/or Lease a property before the end of <br />61. this Contract; or <br />62. 2. Within days (not to exceed six (6) months, except for the purchase or sale of a business, in which case <br />63. it cannot exceed two (2) years) after the end of this Contract, Buyer and/or Tenant Purchases and/or Leases <br />64. property which either Broker or Broker’s salesperson has physically shown Buyer and/or Tenant or Broker or <br />65. Broker’s salesperson has provided specific substantive information before the end of this Contract, so long as <br />66. Broker has identified this property on a written list Broker gives to Buyer and/or Tenant within 72 hours after the <br />67. end of this Contract. <br />68. Broker is authorized to negotiate and receive compensation paid by seller and/or lessor, or broker representing or <br />69. assisting seller and/or lessor. Any compensation accepted by Broker from seller and/or lessor, or broker representing <br />70. or assisting seller and/or lessor, SHALL reduce any obligation of Buyer and/or Tenant to pay compensation by <br />71. the amount received by seller and/or lessor, or broker. Broker must inform Buyer and/or Tenant in writing before <br />72. Buyer and/or Tenant signs an offer to Purchase and/or Lease the property. <br />73. CAUTION: BUYER’S AND/OR TENANT’S ACTIONS IN LOCATING A PROPERTY MAY AFFECT PAYMENT OF <br />74. COMPENSATION BY SELLER(S) AND/OR LESSOR(S) AND MAY THEREFORE OBLIGATE BUYER <br />75. AND/OR TENANT TO PAY ALL OR PART OF THE COMPENSATION IN CASH AT CLOSING. FOR <br />76. EXAMPLE: SIGNING A PURCHASE AND/OR LEASE AGREEMENT THROUGH ANOTHER BROKER <br />77. OR WITH SELLER AND/OR LESSOR MAY REQUIRE BUYER’S AND/OR TENANT’S PAYMENT OF <br />78. THE FULL COMPENSATION TO BUYER’S AND/OR TENANT’S BROKER. <br />79. ADDITIONAL COSTS: Buyer and/or Tenant acknowledges that Buyer and/or Tenant may be required to pay certain <br />80. costs at closing and/or in Leasing; including but not limited to application fees, credit checks, and/or closing costs; <br />81. which may effectively increase the cash outlay at closing. <br />82. CLOSING SERVICES: <br />83. NOTICE: THE REAL ESTATE BROKER, LICENSEE REPRESENTING BUYE R, OR REAL ESTATE <br />84. CLOSING AGENT HAS NOT EXPRESSED AND, UNDER APPLICABLE STATE LAW, MAY NOT <br />85. EXPRESS OPINIONS REGARDING THE LEGAL EFFECT OF THE CLOSING DOCUMENTS OR OF <br />86. THE CLOSING ITSELF. <br />87. Buyer’s choice for closing services: (Check one.) <br />88. Buyer directs Broker to arrange for a qualified closing agent to conduct the closing. <br />89. Buyer shall arrange for a qualified closing agent or Buyer’s attorney to conduct the closing. <br />90. <br /> (Buyer’s Initials) (Buyer’s Initials) <br />MNC:BTRC:E-2 (8/25)D R A F TProduced with Lone Wolf Transact 717 N Harwood St, Suite 2200, Dallas, TX 75201 https://www.lwolf.com <br />180 <br />8 <br />Page 33 of 40
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