Commission Agreement Template for Landlord: Lease Commission

Are you a landlord looking to establish a commission agreement with a real estate agent for leasing your property? Look no further! At BizzLibrary.com, we understand the importance of having a well-structured commission agreement that protects your interests. Our Commission Agreement Template is designed specifically for landlords like you, providing a clear framework for your partnership with real estate agents.

What is a Commission Agreement?

A Commission Agreement is a legally binding contract between a landlord (the principal) and a real estate agent (the agent) who will be responsible for leasing the property on behalf of the landlord. This agreement outlines the terms and conditions of the commission payment for their services.

Why Do You Need a Commission Agreement?

A Commission Agreement is essential for several reasons:

• Clear Commission Structure: The agreement clearly defines the commission structure, including the percentage or amount of commission payable to the agent for successful lease agreements.
• Roles and Responsibilities: It outlines the roles and responsibilities of both parties, specifying the duties of the agent in marketing, showing the property, and screening potential tenants.
• Term and Renewal: The agreement states the duration of the agreement, including an initial term and any renewal options.
• Confidentiality: It includes confidentiality provisions to protect sensitive information shared between the parties, such as tenant details and leasing strategies.
• Termination: The agreement specifies the conditions under which either party can terminate the agreement, including notice periods and reasons for termination.
• Dispute Resolution: In the event of disputes, the agreement provides a framework for dispute resolution through negotiation, mediation, or arbitration.

Get Your Commission Agreement Template

Don't leave your leasing business to chance. Download our professionally drafted Commission Agreement Template in DOCX format from BizzLibrary.com. It provides a solid foundation for your partnership with real estate agents, ensuring a fair and transparent commission structure.

Visit our website to access a wide range of business document templates, including lease agreements, rental contracts, and more. Take control of your leasing business and secure your commission arrangements today!