Listing Agreement Cancellation Clause Within Article Iv In Wayne
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Applicants shall file the Petition and other documents with the Wayne County Clerk's Office. Go to Family Division/FOC Filing Instructions to review detailed instructions on how to file new Petitions with the Court. Change Petitions are to be resolved within 126 days (about 4 months) from the date of filing.
The central phone number to the Clerk's Office is (313) 967-6938. You may find additional information for the Wayne County Clerk Office at .
Due to limited staffing and an overwhelming number of phone calls, voicemails, emails, and letters you may now schedule your own appointment in order to receive services from our office using our eScheduler (see below).
All in person filers must go to the Wayne County Clerk, in Room 201 of the Coleman A. Young Municipal Center, located at Two Woodward Avenue, Detroit, 48226. It is important that all documents are complete at the time of submission.
The exact wording and time limit of the holdover period in a listing agreement can vary so the time period is left blank until the broker or salesperson discusses it with the client. No maximum limit exists for the holdover period -- it can last any duration, as long as the client consents after being fully informed.
A holdover clause is common in leases, both commercial and residential. The holdover clause is designed to protect the interests of the landlord when a tenant does not leave after the termination or expiration of the term of their lease.
What is a holdover clause? When a tenant stays past the end of the lease, without renewing or extending the term, the tenant is a “holdover tenant.” In that situation, the existence of a holdover clause in a lease contract helps protect the landlord's rights, and potentially those of a successor occupant.
What is the Holdover Period? The Holdover period is a length of time (in days) following a listing's expiration where the seller may owe commission to the listing agent if the property sells. There is no prescribed period of time for a holdover, and many listings have a 0 day holdover.
The holdover period is a defined amount time following the expiration of a listing agreement during which the listing brokerage would be entitled to a commission if the property were sold to someone who was introduced to it while it was listed. There are a lot of terms in Real Estate that we all have questions about.
Once this agreement expires, your real estate agent no longer represents you. It also means your listing will officially no longer be for sale, as it will be removed from platforms like Realtor®. It will also be removed from the multiple listing service, also called the MLS.
