Common use of AGREEMENT TO PAY COMMISSION Clause in Contracts

AGREEMENT TO PAY COMMISSION. Owner xxxxxx agrees to pay a real estate commission to Tenant in a sum equal to four percent (4%) of the total Gross Rentals to be paid to Owner over the term of the lease (with no offset). Should a lease term be for a period greater than ten years, Owner will pay only two percent (2%) of the total Gross Rentals to be paid by Owner for the period exceeding the 120th month of rental payments. The commission on any expansion shall be equal to two percent (2%) of the total additional Gross Rents added to, or above the total rents of the original lease, if the tenant broker is involved. The commission on any renewal shall be 2% of Total Gross Rentals.

AGREEMENT TO PAY COMMISSION. Owner xxxxxx hereby agrees to pay a real estate commission to Tenant in a sum equal to four percent (4%) of the total Gross Rentals to be paid to Owner over the term of the lease (with no offset). Should a lease term be for a period greater than ten years, Owner will pay only two percent (2%) of the total Gross Rentals to be paid by to Owner for the period exceeding the 120th month of rental payments. The commission on any expansion shall be equal to two four percent (24%) of the total additional Gross Rents added to, or above the total rents of the original lease, if the tenant broker is involved. The commission on any renewal shall be 2% of Total Gross Rentals.

AGREEMENT TO PAY COMMISSION. Owner xxxxxx agrees to pay a real estate commission to Tenant in a sum equal to four percent (4%) of the total Gross Rentals to be paid to Owner over the term of the lease (with no offset). Should a lease term be for a period greater than ten years, Owner will pay only two percent (2%) of the total Gross Rentals to be paid by to Owner for the period exceeding the 120th month of rental payments. The commission on any expansion shall be equal to two four percent (24%) of the total additional Gross Rents added to, or above the total rents of the original lease, if the tenant broker is involved. The commission on any renewal shall be 2% of Total Gross Rentals.