Cancellation Fee Template In Broward

• Category: Real Estate - Contracts - Agents
• State: Multi-State
• County: Broward
• Control #: US-00048DR
• Format: Word; Rich Text

Description

The Cancellation Fee Template in Broward is designed to facilitate the termination of a Listing Agreement between a Real Estate Broker and a Seller. This form outlines the mutual agreement to terminate the contract, including the date of termination and the responsibilities of both parties. Key features include the unconditional waiver of claims by the Broker against the Seller, ensuring no further obligations are required beyond settling agreed expenses for advertising and marketing. It also includes a release clause, freeing the Broker from any further service obligations while preserving rights to commissions earned prior to termination. Filling out this template involves entering the names and addresses of both parties, as well as specific dates and monetary amounts related to expenses. It is straightforward and requires signatures from both the Broker and Seller. This template is particularly useful for Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants in the real estate sector, providing a structured approach to contract termination. It helps ensure compliance with local regulations while efficiently managing the dissolution of client agreements.