CONTRACT EMPLOYING REAL ESTATE BROKER FOR LEASE OF PROPERTY

FOR LEASE OF PROPERTY
This Agreement dated this day of , 19 ,
is made by and between , whose address is ,
("Owner"), and , whose address
is , ("Broker").
1. Property. Owner is the owner of the following real
estate, ("Property"):
2. Employment of Broker. Owner gives the Broker the sole
right to rent space in the Property to prospective tenants.
3. Commission. Owner agrees to pay the Broker a
commission of DOLLARS ($ )
for services in obtaining the tenants and in negotiating and closing each lease. Owner reserves the right to reject any such lease and will not be responsible for any commission unless and until Owner accepts the lease and receive payment therefore. A commission of DOLLARS ($ )
will be payable for renewals of leases originally obtained by the Broker. All commissions will be paid out of rents received.
4. Sole Agency. I agree to refer to all inquiries from
prospective tenants or their agents to the Broker. The Broker agrees to use his or her best efforts to lease the Property to such prospects.
5. Other Brokers. The Broker agrees to obtain the
assistance of other brokers, as required, and to pay same out of the aforesaid commissions provided for in this agreement. In no event shall Owner be liable for additional commissions due to the efforts of any other broker.
6. Advertisement. The Broker and all other brokers as
noted above shall be entitled to advertise the rental of this Property and take all necessary steps in accordance with this agreement.
7. Signs. The Broker will provide suitable sign or signs
to be placed on the Property, subject to approval.
8. Term of Agreement. This agreement shall remain
effective until , 19 , unless terminated
prior thereto.
9. Termination. Either party may terminate this contract
on twenty (20) days notice. Such termination shall not limit the Brokers right to commissions resulting from pending negotiations and pending leases. However, no commissions shall be paid from rents received three (3) months after the termination of this agreement.
10. Governing Law: All matters pertaining to this
Agreement (including its interpretation, application, validity, performance and breach), shall be governed by, construed and enforced in accordance with the laws of the State of . The parties herein waive trial by jury and agree to submit to

the personal jurisdiction and venue of a court of subject matter
jurisdiction located in County, State of . In the event that litigation results from or arises
out of this Agreement or the performance thereof, the parties agree to reimburse the prevailing party's reasonable attorney's fees, court costs, and all other expenses, whether or not taxable by the court as costs, in addition to any other relief to which the prevailing party may be entitled. In such event, no action shall be entertained by said court or any court of competent jurisdiction if filed more than one year subsequent to the date the cause(s) of action actually accrued regardless of whether damages were otherwise as of said time calculable.
11. Signatures. Both the Broker and Owner agree to the above.
Signed, sealed and delivered
in the presence of:
"OWNER"
Witness
Witness
"BROKER"
Witness
Witness

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