Agreement Exclusive Right With Reservations

State:
Multi-State
Control #:
US-00474BG
Format:
Word; 
Rich Text
Instant download

Description

The Agreement Exclusive Right with Reservations is a legally binding contract between an Apartment Building and a Coin Laundry, granting the latter the exclusive right to install, operate, and maintain a coin-operated laundry facility in the apartment complex. Key features include a defined term of years for the contract, a consideration payment structure that includes an upfront fee and a percentage of gross receipts, and responsibilities related to the installation, repair, and maintenance of laundry equipment. The agreement emphasizes cooperation between the parties for the mutual benefit of tenants. It also outlines conditions for termination, assignment, and the handling of defective equipment. Targeted primarily at attorneys, partners, owners, associates, paralegals, and legal assistants, this form serves valuable use cases such as negotiating contract terms, ensuring compliance with operational standards, and transferring responsibilities in the event of a sale. Legal professionals can utilize this form to protect both the property and operational interests effectively while supporting tenants' needs for laundry services.
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  • Preview Agreement Granting Exclusive Right to Install, Operate and Maintain Coin-Operated Laundry in Apartment Building
  • Preview Agreement Granting Exclusive Right to Install, Operate and Maintain Coin-Operated Laundry in Apartment Building
  • Preview Agreement Granting Exclusive Right to Install, Operate and Maintain Coin-Operated Laundry in Apartment Building

How to fill out Agreement Granting Exclusive Right To Install, Operate And Maintain Coin-Operated Laundry In Apartment Building?

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FAQ

Termination of an Agency Agreement Normally, the exclusive period is 90 days. If the exclusive agency period exceeds 90 days and the property is not sold, you can terminate the agreement by providing 30 days written notice to the agent at the end of the 90 days.

Exclusive Agency Listing: A contractual agreement under which the listing broker acts as the agent or as the legally recognized non-agency representative of the seller(s), and the seller(s) agrees to pay a commission to the listing broker if the property is sold through the efforts of any real estate broker.

Most exclusive listing agreements include a section on expiration or early cancellation. It is common for the agreement to expire on its own within a certain period ? like six months ? in which the seller can opt for another agent without penalty. The contract may also list a cancellation fee to end the contract early.

An exclusive right-to-sell agreement is a contract between a homeowner and a real estate agent that grants the broker exclusive rights to collect commission when their property sells.

The Four Common Types of Listing Agreements There are four common types of listings: open listings, exclusive right to sell listings, exclusive agency listings, and net listings.

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Agreement Exclusive Right With Reservations