Fill and Sign the K1336exclusive Right to Sell Listing Agreement Nvarcom Form

Leasing Commission Agreement Agreement made on the ________________________ (date), between ________________________ (Name of Broker) of _____________________________________________ (street address, city, county, state, zip code), referred to herein as Broker, and ________________________ (Name of Owner) of _____________________________________________ (street address, city, county, state, zip code), referred to herein as Owner, and ____________________ (Name of Tenant) of _____________________________________________ (street address, city, county, state, zip code) , referred to herein as Tenant. Where as, O wner h as le gal tit le to a p ro perty lo ca te d a t _____________________________________________ (street address, city, county, state, zip code), and more particularly described in Exhibit A attached hereto and made a part hereof; and Where as, th e s a id p ro perty c o nta in s o ffic e s p ace d escrib ed in Exhibit B attached hereto and made a part hereof; andWhere as, B ro ke r h as p re se nte d th e o ffic e s p ace n eeds o f T enant to O wner a nd h as a nd will r e nd er s e rv ic e s in c o n nectio n w it h th e le asin g o f o ffic e s p ace to th e T enant; a ndW here as, s h o uld a L ease b e c o nsu m mate d, O wner h as a gre ed to p ay B ro ke r a r e al es ta te c o m m is sio n in c o nsid era tio n fo r s e rv ic e s r e ndere d a nd to b e r e ndere d in con su m matin g a L ease p urs u ant to th e te rm s a nd c o ndit io ns s e t fo rth h ere in ; a ndW here as, O wner u nders ta nds a nd a gre es th at B ro ke r is s e rv in g s o le ly a s a rep re se nta tiv e o f th e in te re sts o f T enant. L ik e w is e , O wner a ckn ow le dges th at th e app lic a ble fe e s tr u ctu re (s ) d efin ed b elo w , a s m utu ally a gre ed b etw een O wner, B ro ke r a nd Te n an t, h as b een c o nsid ere d a nd in clu ded w it h in th e O wner’s p ro posa l fo r le ase ;Now, therefore, for and in consideration of the mutual covenants contained in this agreement, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: I. Agre em en t t o P ay C om mis sio n . O wner h ere by a gre es to p ay a r e al e sta te co m mis sio n to B ro ke r in a s u m e qual to _______% o f th e to ta l G ro ss R enta ls to b e p aid to O wner o ve r th e te rm o f th e L ease ( w it h n o o ffs e t) . S hould a le ase te rm b e fo r a p erio d gre ate r th an _______ (n um ber) y e ars , O wner w ill p ay o nly _______% o f th e to ta l G ro ss R enta ls to b e p aid to O wner fo r th e p erio d e xce edin g th e _______ (n um ber) m onth o f r e n ta l p aym ents . T he c o m mis sio n o n a ny e xp ansio n s h all b e e qual to _______% o f th e to ta l a d dit io nal G ro ss R en ts a dded to , o r a bove t h e to ta l r e nts o f th e o rig in al L ease , if th e Bro ke r is in vo lv e d. T he c o m mis sio n o n a ny r e new al s h all b e _______% T ota l G ro ss R enta ls . II . Paym en t o f C om m is sio n. T he c o m mis sio n s h all b e d ue a nd p aya ble to B ro ke r in cash ( i) o ne h alf ( 1 /2 ) a t th e tim e th e L ease is s ig n ed a nd ( ii) th e b ala nce o n th e e arlie r to occ u r o f ( a ) th e fir s t d ay th at T enant o ccu pie s a ll o r a ny p ortio n o f th e s p ace c o ve re d b y th e L e ase , o r ( b ) c o m mence m ent o f th e te rm u nder th e L ease . If T enant's s p ace is ex p an ded o r if th e L ease is r e new ed, th e c o m mis s io n in r e la tio n to s u ch r e new al o r ex p an sio n w ill b e d ue a n d p aya ble in fu ll a t th e tim e a m odif ic a tio n o r r e new al n otic e co ve rin g th e e xp ansio n o r r e new al is e xe cu te d b y O wner a nd T enant, if B ro ke r is in vo lv e d. III. Successo rs a n d A ssig ns. T he o blig atio n to p ay a nd th e r ig ht to r e ce iv e a ny o f th e c o m mis sio ns d escrib e d a bove s h all in ure to th e b enefit a nd o blig atio n o f th e resp ectiv e h eir s , s u cce sso rs a nd/o r a ssig ns o f O wner o r B ro ke r. In th e e ve nt o f a s a le o r an a ss ig nm ent o f th e P ro p erty w hic h in clu des T ena nt's d em is e d p re m is e s, O wner a gre es to s e cu re fr o m th e p urc h ase r o r a ssig nee a w rit te n r e co rd able a gre em ent u nder w hic h th e new o w ner o r a ssig nee a ssu m es p aym ent to B ro ke r a ll c o m mis sio ns p aya ble h ere under. IV . Rep re sen ta tio n o f T en an t. A lt h ough O wner w ill p ay th e c o m mis sio n to B ro ke r, Br o ke r w ill n o t b e r e pre se ntin g O wner in th e c o nte m pla te d le ase tr a nsa ctio n. B ro ke r w ill be r e p re se ntin g o nly T en an t in s u ch tr a nsa ctio n. O wner a ckn ow le dges a nd a gre es th at he /s h e is r e sp onsib le fo r a ny c o m mis sio ns d ue a ny o th er b ro ke r w it h r e sp ect to th is tra n sa ctio nV . Owner a gre es to d is clo se to B ro ke r a nd to T enant a ny a nd a ll in fo rm atio n w hic h Ow ner h as r e gard in g th e c o ndit io n o f th e p ro perty in clu din g, b ut n ot lim it e d, to s tr u ctu ra l, me ch a nic a l a nd s o il c o ndit io ns, th e p re se nce o f a nd lo ca tio n o f a sb esto s, P C B tra n sfo rm ers , o th er to xic , h aza rd ous o r c o nta m in a te d s u bsta nce s, a nd u nderg ro und sto ra g e ta nks in , o n, o r a bout th e P ro perty . B ro ke r is a uth oriz e d to d is clo se a ny s u ch info rm atio n to T enant. VI. Severability. The invalidity of any portion of this Agreement will not and shall not be deemed to affect the validity of any other provision. If any provision of this Agreement is held to be invalid, the parties agree that the remaining provisions shall be deemed to be in full force and effect as if they had been executed by both parties subsequent to the expungement of the invalid provision. VII. No Waiver. The failure of either party to this Agreement to insist upon the performance of any of the terms and conditions of this Agreement, or the waiver of any breach of any of the terms and conditions of this Agreement, shall not be construed as subsequently waiving any such terms and conditions, but the same shall continue and remain in full force and effect as if no such forbearance or waiver had occurred.VIII.Governing Law. This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of ________________________ (name of state). IX.Notices. Unless provided herein to the contrary, any notice provided for or concerning this Agreement shall be in writing and shall be deemed sufficiently given when sent by certified or registered mail if sent to the respective address of each party as set forth at the beginning of this Agreement.X. Mandatory Arbitration. Any dispute under this Agreement shall be required to be resolved by binding arbitration of the parties hereto. If the parties cannot agree on an arbitrator, each party shall select one arbitrator and both arbitrators shall then select a third. The third arbitrator so selected shall arbitrate said dispute. The arbitration shall be governed by the rules of the American Arbitration Association then in force and effect. XI.Entire Agreement. This Agreement shall constitute the entire agreement between the parties and any prior understanding or representation of any kind preceding the date of this Agreement shall not be binding upon either party except to the extent incorporated in this Agreement.XII. Modification of Agreement. Any modification of this Agreement or additional obligation assumed by either party in connection with this Agreement shall be binding only if placed in writing and signed by each party or an authorized representative of each party.XIII.Assignment of Rights. The rights of each party under this Agreement are personal to that party and may not be assigned or transferred to any other person, firm, corporation, or other entity without the prior, express, and written consent of the other party.XIV. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which together shall constitute but one and the same instrument.XVI. Compliance with Laws. In performing under this Agreement, all applicable governmental laws, regulations, orders, and other rules of duly-constituted authority will be followed and complied with in all respects by both parties.Witness our signatures as of the day and date first above stated. ________________________ _________________________ (Signature of Owner) (Signature of Broker)________________________ ________________________ (Printed Name of Owner) (Printed Name of Broker) ________________________ (Signature of Tenant)________________________ (Printed Name of Tenant)