Understanding commercial lease commission payout term/wording

[Mohammed Rahman]

Hello BP community!

I recently closed a commercial lease transaction and needed some help understanding the commission payout structure. Although the broker explained it to me over the phone, I didn't make a note of it unfortunately. Has anyone come across the term "7s and 3s" as it related to a commission structure on a lease? It's already in writing, and in our MLS - I just have never heard the term before and couldn't find anything online.

We signed a 3-year lease @ $19.5/sq.ft for a 4400 sq.ft space.