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 are legal clauses that govern the relationship between landlords, tenants, and real estate brokers in the state of Maryland. These provisions outline the rights, responsibilities, and obligations of all parties involved in a leasing transaction. There are typically two main types of Maryland Lease Provisions Relating to Brokers: 1. Brokerage Agreement: This type of provision establishes the contractual arrangement between the landlord or property owner and the real estate broker. It outlines the responsibilities and duties of the broker in marketing, advertising, and leasing the property on behalf of the landlord. The agreement often includes provisions related to compensation, duration, and termination of the brokerage relationship. 2. Broker Fee or Commission: This provision specifies the amount of compensation the landlord agrees to pay the real estate broker for their services in finding a tenant and successfully negotiating a lease agreement. The fee or commission is usually calculated as a percentage of the total lease value or a predetermined flat fee. The provision also outlines the circumstances under which the broker is entitled to the payment, such as when the tenant signs the lease or when the first rent payment is received. Maryland Lease Provisions Relating to Brokers may include additional clauses depending on the specific needs and objectives of the parties involved. These provisions can cover various aspects such as the broker's duties to disclose any property defects, the broker's authority to enter into lease agreements on behalf of the landlord, and the obligations of the tenant to cooperate with the broker during the leasing process. It is essential for all parties to carefully review and understand the lease provisions relating to brokers before entering into any leasing agreement. These provisions help protect the rights and interests of the landlord, tenant, and broker, ensuring a transparent and fair leasing process in the state of Maryland. Keywords: Maryland, Lease Provisions, Brokers, Brokerage Agreement, Broker Fee, Commission, Compensation, Duties, Responsibilities, Termination, Tenant, Landlord, Real Estate.
