Is it standard to pay a commercial broker commission on a lease renewal

Is this point negotiable with a broker, or is it standard practice to pay commission, if the tenant chooses to renew their lease in 10 years.
In Leasing Property - Asked by Donna T. - Sep 21, 2011
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Answer(s)

Dimitar T.
Broker/Agent
Perrysburg, OH

I would not say that it is standard, nor would I say that given the state of this economy/real estate market, that it would be common practice either.

Sep 21, 2011
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Linda D.
Broker/Agent
Addison, IL

The commission agreement negotiated at the time the tenant originally takes occupancy of the space should cover any future renewal periods. If it does not and the broker is still representing the tenant, I would say it is negotiable.

Sep 22, 2011
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Bud W.
Broker/Agent
Memphis, TN

I AGREE WITH LINDA D. - THAT ALL COMMISSSIONS (PAID OR TO BE PAID) SHOULD BE SPECIFIED IN THE ORIGINAL AGREEMENT, REMEMBER THE OLD SAYING " WORDS MEAN THINGS"

Sep 22, 2011
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Mike C.
Broker/Agent
Jacksonville, FL

Get it in writing! TODAY....there is nothing standard about receiving real estate commissions in any scenario.

Sep 22, 2011
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James B.
Broker/Agent
Allentown, PA

It is common practice in our region (PA,NJ,NY) for the Brokers to receive 5% commission on the base term and 2 1/2 % on Lease renewals. This should ALWAYS be discussed and negotiated in the original listing and/or commission agreement.

Sep 22, 2011
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