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.
New Hampshire Lease Provisions Relating to Brokers: New Hampshire Lease Provisions Relating to Brokers refer to the specific clauses and regulations that govern the involvement and responsibilities of brokers in lease transactions within the state of New Hampshire. These provisions ensure that all parties involved, including landlords, tenants, and brokers, understand their rights, obligations, and limitations during the leasing process. Key keywords: New Hampshire, lease provisions, brokers, regulations, involvement, responsibilities, parties, landlords, tenants, rights, obligations, limitations, leasing process. Different types of New Hampshire Lease Provisions Relating to Brokers: 1. Brokerage Agreement: A brokerage agreement is a legally binding contract between a broker and a landlord or tenant that outlines the terms and conditions of their professional relationship. This agreement establishes the broker's authority, scope of services, and compensation structure. 2. Disclosure Requirements: New Hampshire lease provisions mandate that brokers disclose any potential conflicts of interest or relationships with other parties in the leasing transaction. This ensures transparency and allows the landlords and tenants to make informed decisions. 3. Client Representation: These provisions govern the relationship between brokers and their clients (landlords or tenants). They define the duties and responsibilities of the broker, including loyalty, confidentiality, and the obligation to act in the best interest of the client. 4. Commission and Compensation: Lease provisions in New Hampshire specify how brokers are compensated for their services. This typically includes a commission structure, where the broker receives a percentage of the lease value upon successful completion of the transaction. The provisions may also outline the disbursement of commissions among multiple brokers involved. 5. Advertising and Marketing: These provisions regulate the methods, content, and accuracy of advertising and marketing materials used by brokers to promote leased properties. Compliance with these provisions helps maintain fairness and prevents misleading or false information from being disseminated. 6. Tenant Representation: Tenant representation provisions outline the broker's role when representing tenants. They may include helping tenants find suitable properties, negotiating lease terms, reviewing and advising on lease agreements, and advocating for the tenant's rights throughout the leasing process. 7. Landlord Representation: Landlord representation provisions describe the broker's obligations when representing landlords. This may involve marketing vacant properties, screening potential tenants, negotiating lease terms, and ensuring compliance with applicable laws and regulations. 8. Termination and Exclusivity: Lease provisions in New Hampshire may also govern the termination of the broker-client relationship and the granting of exclusivity. They may outline the conditions under which either party can terminate the agreement and address any potential penalties or damages that may arise from early termination. Overall, these New Hampshire Lease Provisions Relating to Brokers aim to protect the interests of all parties involved while facilitating a fair and efficient leasing process. It is crucial for landlords, tenants, and brokers to understand and abide by these provisions to ensure a successful and legally compliant leasing transaction.
