Common use of OWNER AGREES Clause in Contracts

OWNER AGREES. To cooperate fully with and refer all inquiries to Brokerage Firm or Broker; to conduct all negotiations through Brokerage Firm or Broker; to allow Brokerage Firm or Broker to (a) place a "For Rent" or “For Lease” sign on the Property; (b) place a lock box on the Property; and (c) arrange for showing access if Property is currently occupied. Once a Lease has been executed, if the tenant or Owner extends the lease beyond its original term, Owner agrees to pay Brokerage Firm a commission of at the time such extension is granted by the Landlord. If the tenant purchases the Property during the term of the lease or any extension thereof, Owner agrees to pay Brokerage Firm a commission of , which shall be due and payable at the closing of the purchase transaction.