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Exclusive Leasing Brokerage Agreement

1. Parties. This Agreement is made between [name] of [address] (Owner), and [name], having principal place of business at [address] (Broker).

2. Representations. Broker is a real estate broker duly licensed in [state]. Owner is the owner in fee simple of the premises located at [address], including the building and other improvements located on it (Property).

3. Exclusive Agency. Owner grants Broker the sole and exclusive agency to lease any space made available to tenants at the Property. The parties agree that no leasing commission is payable with regard to any tenant procured by Owner without the service of any broker.

4. Period. This Agreement shall become effective on [date] and shall terminate [date].

[Alternative Paragraph]

4. Period. This Agreement shall become effective on [date] and continue in force until terminated by either party on [number] days' prior written notice to the other. If Owner terminates this Agreement, then Broker's rights to leasing commissions shall continue with respect to any prospective tenant with whom Broker had been negotiating prior to the receipt of the notice of termination but only if a lease is executed between such tenant and Owner on or before [number] days after the...

(Excerpt)

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