Lake Worth has finally reduced the commission agreement to writing on the Casino--
After certain conditions are satisfied, the following will apply:
Commission based on the total base rent to be paid during the initial term of the approved lease. The specific amount of the Broker’s Commission for the approved lease shall be negotiated by the City and Broker prior to the approval of the lease and shall not in any event exceed seven percent (7%) where there is a 50/50 commission split with other broker(s) or six percent (6%) for straight Broker’s Commission; however the Broker’s Commission shall not exceed five percent (5%) for an approved lease with any existing tenant. Any Broker’s Commission for a month-to-month lease will be negotiated between the City and Broker prior to the approval of such lease and may exceed seven percent (7%) in the City’s sole and absolute discretion.
There you have it. Let's get it rented.
2 comments:
Come on now, Loretta. Aren't you the word's best Realtor? Get this rented.
How could anyone expect to rent the last space knowing there is not enough parking,businesses, or revene, to sustaian the buildout that will be needed to open the DOORS.
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