Commercial broker lease commission rates ?
Hey guys and gals
Can you guys tell me if this is the norm,
this is from a listing contract that was presented to me yesterday.
Thanks for any input
Steve
Referencing Lines 28-32: Broker's commission
shall be: the greater of four percent (4%) of the average annual rent over the term or $4.00 per
square foot, 1/2 paid upon execution of the lease and 1/2 paid upon occupancy. In the event of a
co-broke, commission shall be an additional fifty percent (50%) of said amount. 9)Reference Lines
238-239: This Listing Contract shall continue to renew for consecutive six (6) month periods or
until which time Seller delivers to Broker a thirty (30) day written notice to terminate this Listing.