This office lease provision states that the landlord and tenant each warrant and represent to the other party that there was no broker, finder or similar person, other than those listed, entitled to a commission, fee or other compensation, instrumental in consummating the lease. It also states that no conversations or prior negotiations were had by the landlord or tenant, respectively, or anyone acting on behalf of the landlord or the tenant, respectively, with any broker, finder or similar person, other than those listed, concerning the renting of the demised premises.
Maryland Lease Provisions Relating to Brokers
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US-OL29A07
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FAQ
The Real Estate Commissioner, who is appointed by the Governor, is the chief executive of the Department of Real Estate. To facilitate the administration and enforcement of the Real Estate Law and the Subdivided Lands Law, the Commissioner is empowered by law to issue regulations.
What is the goal of the Maryland Real Estate Commission in declaring an area a real estate conservation area? To curb threats to the racial stability of an area.
Technically, you don't need a lawyer during the home buying process if everything goes smoothly with the seller and your realtor.
In general, if a landlord sells a rental property while a fixed-term lease agreement is still valid, the new owners must honor the terms of that lease agreement.
A Maryland rent-to-own lease agreement is a rental contract between a landlord and tenant with an option to buy the property. The tenant will have this option during the term of the lease only. If the tenant does not buy, the agreement will terminate at the end of the lease term.
The commission has the right to suspend licenses for a period of time, impose penalties, and revoke licenses in the event of a severe misdeed.
The commission does not have the authority to sanction licensees for violations of the Maryland Code of Ethics. The commission may reprimand and impose fines, but may not suspend or revoke licenses. The commission may reprimand, impose fines, and suspend and/or revoke licenses, but it may not impose prison sentences.
The Commission was created to protect the health, safety and welfare of the public through examination, licensing, and regulatory activities, to uphold and apply the governing real estate laws and regulations equally to all, to provide courteous, reasonable, and professional assistance, and to impartially conduct ...
