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Exclusive Right-To-Lease Listing Contract LC57 - Colorado

Exclusive Right-To-Lease Listing Contract Form. This is a Colorado form and can be used in Real Estate Statewide .
 Fillable pdf Last Modified 7/22/2011
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission. (LC57-8-10) (Mandatory 1-11) THIS IS A BINDING CONTRACT. THIS FORM HAS IMPORTANT LEGAL CONSEQUENCES AND THE PARTIES SHOULD CONSULT LEGAL AND TAX OR OTHER COUNSEL BEFORE SIGNING. Compensation charged by brokerage firms is not set by law. Such charges are established by each real estate brokerage firm. DIFFERENT BROKERAGE RELATIONSHIPS ARE AVAILABLE WHICH INCLUDE LANDLORD AGENCY, TENANT AGENCY, SELLER AGENCY, BUYER AGENCY OR TRANSACTION-BROKERAGE. EXCLUSIVE RIGHT-TO-LEASE LISTING CONTRACT LANDLORD AGENCY TRANSACTION-BROKERAGE Date: 1. AGREEMENT. Landlord and Brokerage Firm enter into this exclusive, irrevocable contract (Landlord Listing Contract) as of the date set forth above. BROKER AND BROKERAGE FIRM. 2.1. Multiple-Person Firm. If this box is checked, the individual designated by Brokerage Firm to serve as the broker of Landlord and to perform the services for Landlord required by this Landlord Listing Contract is called Broker. If more than one individual is so designated, then references in this Landlord Listing Contract to Broker shall include all persons so designated, including substitute or additional brokers. The brokerage relationship exists only with Broker and does not extend to the employing broker, Brokerage Firm or to any other brokers employed or engaged by Brokerage Firm who are not so designated. 2.2. One-Person Firm. If this box is checked, Broker is a real estate brokerage firm with only one licensed natural person. References in this Landlord Listing Contract to Broker or Brokerage Firm mean both the licensed natural person and brokerage firm who shall serve as the broker of Landlord and perform the services for Landlord required by this Landlord Listing Contract. 3. DEFINED TERMS. 3.1. 3.2. 3.3. 3.4. Landlord: Brokerage Firm: Broker: Premises. The Premises is the following legally described real estate in the County of , Colorado: 2. known as No. Street Address City State Zip , together with the interests, easements, rights, benefits, improvements and attached fixtures appurtenant thereto, and all interest of owner of the Premises (Owner) in vacated streets and alleys adjacent thereto, if applicable, except as herein excluded. 3.5. Lease. 3.5.1. Lease of the Premises or Lease means any lease of an interest in the Premises. 3.5.2. If this box is checked, Landlord, who represents to Broker that Landlord has the right and authority from Owner, authorizes Broker to negotiate the sale of the Premises. Sale of the Premises or Sale means the voluntary transfer or exchange of any interest in the Premises or the voluntary creation of the right to acquire any interest in the Premises. It also includes an agreement to transfer any ownership interest in an entity which owns the Premises. 3.6. Listing Period. The Listing Period of this Landlord Listing Contract shall begin on , and shall continue through the earlier of (1) completion of the Lease of the Premises or (2) . Broker shall continue to assist in the completion of any lease or sale for which compensation is payable to Brokerage Firm under § 7 of this Landlord Listing Contract. 3.7. Applicability of Terms. A check or similar mark in a box means that such provision is applicable. The abbreviation "N/A" or the word "Delete" means not applicable. The abbreviation "MEC" (mutual execution of this contract) means the date upon which both parties have signed this Landlord Listing Contract. For purposes of this agreement, Landlord includes sublandlord and tenant includes subtenant. LC57-8-10. EXCLUSIVE RIGHT-TO-LEASE LISTING CONTRACT Page 1 of 7 American LegalNet, Inc. www.FormsWorkFlow.com 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 Day; Computation of Period of Days, Deadline. 3.8.1. Day. As used in this Landlord Listing Contract, the term "day" shall mean the entire day ending at 11:59 p.m., United States Mountain Time (Standard or Daylight Savings as applicable). 3.8.2. Computation of Period of Days, Deadline. In computing a period of days, when the ending date is not specified, the first day is excluded and the last day is included, e.g., three days after MEC. If any deadline falls on a Saturday, Shall Not be extended to the next day that is Shall Sunday or federal or Colorado state holiday (Holiday), such deadline not a Saturday, Sunday or Holiday. Should neither box be checked, the deadline shall not be extended. BROKERAGE RELATIONSHIP. 4.1. If the Landlord Agency box at the top of page 1 is checked, Broker shall represent Landlord as a Landlord's limited agent (Landlord's Agent). If the Transaction-Brokerage box at the top of page 1 is checked, Broker shall act as a Transaction-Broker. 4.2. In-Company Transaction ­ Different Brokers. When Landlord and tenant in a transaction are working with different brokers, those brokers continue to conduct themselves consistent with the brokerage relationships they have established. Landlord acknowledges that Brokerage Firm is allowed to offer and pay compensation to brokers within Brokerage Firm working with a tenant. 4.3. In-Company Transaction ­ One Broker. If Landlord and tenant are both working with the same broker, Broker shall function as: 4.3.1. Landlord's Agent. If the Landlord Agency box at the top of page 1 is checked, the parties agree the following applies: 4.3.1.1. Landlord Agency Only. Unless the box in § 4.3.1.2 (Landlord Agency Unless Brokerage Relationship with Both) is checked, Broker shall represent Landlord as Landlord's Agent and shall treat the tenant as a customer. A customer is a party to a transaction with whom Broker has no brokerage relationship. Broker shall disclose to such customer Broker's relationship with Landlord. 4.3.1.2. Landlord Agency Unless Brokerage Relationship with Both. If this box is checked, Broker shall represent Landlord as Landlord's Agent and shall treat the tenant as a customer, unless Broker currently has or enters into an agency or Transaction-Brokerage relationship with the tenant, in which case Broker shall act as a Transaction-Broker. 4.3.2. Transaction-Broker. If the Transaction-Brokerage box at the top of page 1 is checked,
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