LEASING COMISSION AGREEMENT
LEASING COMMISSION AGREEMENT
THIS AGREEMENT made this___ day of_________, 20 __ between ______
________________________ (“Landlord”), its successors or assigns, having an office at _________________________________________ and Hall Associates, Inc. (“Broker”), its successors or assigns, a Virginia Corporation having a mailing address of 213 South Jefferson Street, Suite 1007, Roanoke, Virginia 24011-1714.
WITNESSETH:
WHEREAS, Landlord has or may execute a lease dated the___ day of ________, 20___, with _____________________________(“Tenant”), on premises known as ______________________________________ (“Premises”) and;
WHEREAS, Hall Associates, Inc. was instrumental in obtaining said lease;
NOW, THEREFORE, in consideration of One Dollar ($1.00) cash in hand each to
the other paid, receipt of which is hereby acknowledged, it is covenanted and agreed that in consideration of the services of Hall Associates, Inc., in procuring the aforementioned lease, the said Landlord agrees to pay to the said Hall Associates, Inc., its successors or assigns, a rental commission of ____ percent ____% of the gross amount due under said Lease to be paid as follows: _______________________________________________________________________
________________________________________________________________________________________________________________________________________________
for and during the term of the aforementioned lease or any renewal or extension thereof, or the taking of any additional space, or any new lease whether for the same or different space between Landlord and Tenant, their successors or assigns. Said commission shall be paid upon the commencement date of such renewal, extension, expansion or new lease as follows: no sale, transfer, assignment or release by the Landlord shall affect this right to commission, which commission is hereby made a lien on said premises and a covenant running with the land.
WITNESS the following signatures:
LANDLORD
DATE: _______________ BY:_____________________________________
HALL ASSOCIATES, INC.
DATE: _______________ BY: _____________________________________
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