Is compensation for the lessee's agent..

Typically written into the lease? or separate compensation agreement?
In Leasing Property - Asked by Justin N. - Aug 25, 2010
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Answer(s)

Gene G.
Broker/Agent
Houston, TX

There is usually mention of which party will pay lessee's agent in the lease but seldom an actually number. The actual number will be found in a separate compensation agreement between Tenant and Tenant rep.
Commission splits between listing broker and tenant rep will also most likely be in a written document; this number should, but may not always, match the number agreed to between tenant and tenant rep.

Aug 27, 2010
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Kristian T.
Broker/Agent
Miami, FL

In Florida, compensation is listed in the Right to Sale/Lease. So when I list a property for lease, I ask the lessor how much he would like to rent the property, and how much compensation he would like to give to me and the lessee's agent and I add that to the Right to Sale/Lease Contract.

Aug 27, 2010
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