Common use of Real Estate Commission Clause in Contracts

Real Estate Commission. Upon execution of this lease by both Landlord and Tenant, Landlord shall pay a real estate commission to (“Landlord's Broker"), in the amount of ( %) percent, and Landlord shall pay a real estate commission to (“Tenant’s Broker) of ( %) percent of the total rent payments in accordance with schedule outlined in Section 4. The parties hereto acknowledge that this provision is intended for the benefit of said named real estate Brokers, and may be enforced by them as third party beneficiaries hereto. This provision shall bind successors and assigns of the parties hereto and may not be amended without written consent of said Broker.

Appears in 6 contracts

Samples: Commercial Lease Contract Triple Net, Commercial Lease Contract Triple Net, Commercial Lease Contract Triple Net

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Real Estate Commission. Upon execution of this lease by both Landlord and Tenant, Landlord shall pay a real estate commission to (“Landlord's Broker"), in the amount of ( %) percent, and Landlord shall pay a real estate commission to (“Tenant’s Broker) of ( %) percent of the total rent payments in accordance with schedule outlined in Section 4. The parties hereto acknowledge that this provision is intended for the benefit of said named real estate Brokers, and may be enforced by them as third party beneficiaries hereto. This provision shall bind successors and assigns of the parties hereto and may not be amended without written consent of said BrokerXxxxxx.

Appears in 2 contracts

Samples: Commercial Lease Contract, Commercial Lease Contract Triple Net

Real Estate Commission. Upon execution of this lease by both Landlord and Tenant, Landlord shall pay a real estate commission to   (“Landlord's Broker"), in the amount of ( %  ( %) percent, and Landlord shall pay a real estate commission to   (“Tenant’s Broker) of ( %  ( %) percent of the total rent payments in accordance with schedule outlined in Section 4. The parties hereto acknowledge that this provision is intended for the benefit of said named real estate Brokers, and may be enforced by them as third party beneficiaries hereto. This provision shall bind successors and assigns of the parties hereto and may not be amended without written consent of said Broker.

Appears in 1 contract

Samples: Commercial Lease Contract

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Real Estate Commission. Upon execution of this lease by both Landlord and Tenant, Landlord shall pay a real estate commission to (“Landlord's Broker"), in the amount of ( %) percent, and Landlord shall pay a real estate commission to ____________________ (“Tenant’s Broker) of ( __________ (______%) percent of the total rent payments in accordance with schedule outlined in Section 4. The parties hereto acknowledge that this provision is intended for the benefit of said named real estate Brokers, and may be enforced by them as third party beneficiaries hereto. This provision shall bind successors and assigns of the parties hereto and may not be amended without written consent of said Broker.

Appears in 1 contract

Samples: Commercial Lease Contract

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