Contract Employing Real Estate Broker for Lease of Property

This agreement dated __________(1)___________, is made By and
Between ________(2)__________, whose address is
__________(3)__________, referred to as "Owner", AND
____________(4)_________, whose address is
________(5)__________, referred to as "Broker."

1. Property. Owner is the owner of the following real estate:

2. Employment of Broker. Owner gives the Broker the sole right
to rent space in the above property to prospective tenants.

3. Commission. Owner agrees to pay the Broker a commission of
__(6)__ DOLLARS ($_________) for services in obtaining the
tenants and in negotiating and closing each lease.  Owner
reserves the right to reject any such lease and will not be
responsible for any commission unless and until Owner accepts
the lease and receive payment therefore. A commission of
__(7)__ DOLLARS ($_________) will be payable for renewals of
leases originally obtained by the Broker. All commissions will
be paid out of rents received.

4. Sole Agency. I agree to refer all inquiries from
prospective tenants or their agents to the Broker. The Broker
agrees to use his or her best efforts to lease the property to
such prospects.

5. Other Brokers. The Broker agrees to obtain the assistance
of other brokers, as required, and to pay same out of the
aforesaid commissions provided for in this agreement. In no
event shall Owner be liable for additional commissions due to
the efforts of any other broker.

6. Advertisement. The Broker and all other brokers as noted
above shall be entitled to advertise the rental of this
property and take all necessary steps in accordance with this

7. Signs. The Broker will provide suitable sign or signs to be
placed on the property, subject to my approval.

8. Term of Agreement. This agreement shall remain effective
until ________(8)__________, unless terminated prior thereto.

9. Termination. Either party may terminate this contract on
twenty (20) days notice. Such termination shall not limit the
Brokers right to commissions resulting from pending
negotiations and pending leases. However, no commissions shall
be paid from rents received three (3) months after the
termination of this agreement.

10. Signatures. Both the Broker and Owner agree to the above:

Witnessed by:

___________(9)_____________   ____________(10)____________

___________(9)_____________   ___________(11)______________


The information in this document is designed to provide an outline that you can follow when formulating business or personal plans. Due to the variances of many local, city, county and state laws, we recommend that you seek professional legal counseling before entering into any contract or agreement.

Related Articles

Assignment of Real Estate Purchase and Sale Agreement

Sample legal document: "Assignment of Real Estate Purchase and Sale Agreement."

Assignment of Contract for Purchase of Real Estate

Sample legal document: "Assignment of Contract for Purchase of Real Estate."

Agreement for Permission to Sublet

Sample legal document: "Agreement for Permission to Sublet."

Lease Agreement

Sample legal document: "Lease Agreement."

Assignment of Stock Certificate

Sample legal document: "Assignment of Stock Certificate."

Agreement Between Owner and Contractor

Sample legal document: "Agreement Between Owner and Contractor."

Assignment of Mortgage

Sample legal document: "Assignment of Mortgage."

Assignment of Rents by Lessor with Repurchase Agreement

Sample legal document: "Assignment of Rents by Lessor with Repurchase Agreement."

Construction Contract

Sample legal document: "Construction Contract."

Contract Employing Real Estate Broker for Sale of Property

Sample legal document: "Contract Employing Real Estate Broker for Sale of Property."