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Broker Lease Commission Agreement
"I need a Broker Lease Commission Agreement under German law for an exclusive arrangement with a commercial real estate broker to find office space in Berlin, with a 3% commission structure and a six-month exclusivity period starting March 1, 2025."
1. Parties: Identification of the broker and the client, including full legal names, addresses, and registration details
2. Background: Context of the agreement, including the client's intention to lease property and the broker's role
3. Definitions: Key terms used throughout the agreement, including 'Commission', 'Lease Agreement', 'Property', and 'Successful Transaction'
4. Scope of Services: Detailed description of the broker's services, including property search, tenant identification, and negotiation support
5. Broker's Obligations: Specific duties and responsibilities of the broker, including compliance with German regulations and professional standards
6. Client's Obligations: Client's responsibilities, including providing necessary information and cooperation
7. Commission Structure: Details of the commission amount, calculation method, and payment terms in accordance with German law
8. Payment Terms: Specific conditions for commission payment, including timing and method of payment
9. Term and Termination: Duration of the agreement and conditions for termination by either party
10. Confidentiality: Obligations regarding confidential information and data protection under GDPR
11. Governing Law: Specification of German law as governing law and jurisdiction details
1. Exclusivity: Terms establishing whether the broker has exclusive rights to represent the client, used when exclusive representation is agreed
2. Sub-Brokers: Provisions regarding the use of sub-brokers or cooperation with other brokers, included when such arrangements are contemplated
3. Marketing Authorization: Specific permissions for marketing activities and property promotion, used when extensive marketing is planned
4. Success Fee: Additional performance-based compensation structure, included when bonus arrangements are agreed
5. Property Management Services: Additional services beyond basic brokerage, included when the broker will provide ongoing management services
6. Insurance Requirements: Specific insurance obligations for either party, included for high-value transactions
7. Force Majeure: Provisions for unforeseen circumstances affecting performance, included for longer-term agreements
1. Schedule 1: Commission Calculation: Detailed breakdown of commission calculation methods and examples
2. Schedule 2: Service Level Agreement: Specific performance metrics and service standards
3. Schedule 3: Property Requirements: Detailed criteria for properties to be considered
4. Schedule 4: Required Documentation: List of necessary documents and verification requirements
5. Appendix A: Broker's Licenses: Copies of relevant broker licenses and certifications
6. Appendix B: Marketing Plan: Detailed marketing strategy and activities (if applicable)
7. Appendix C: Data Processing Agreement: GDPR-compliant data processing terms and conditions
Authors
Real Estate
Commercial Property
Residential Property
Retail
Industrial
Office Space
Hospitality
Logistics
Healthcare
Education
Real Estate
Legal
Finance
Procurement
Operations
Facilities Management
Business Development
Risk Management
Compliance
Corporate Services
Real Estate Broker
Property Manager
Leasing Manager
Real Estate Agent
Commercial Property Consultant
Facilities Manager
Legal Counsel
Contracts Manager
Real Estate Director
Chief Financial Officer
Operations Manager
Procurement Manager
Business Development Manager
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