Commercial Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago,
Commission request after lease expires
Leased a commercial property for 5 yrs in Florida., agent charged 6% of 5 yrs lease value.
Lease expired, Tenant not interested in renewing the lease, currently on a month to month rent. Agent asking for commission on month to month rent. He's he entitled to it?
This is what the agent wrote to me.
"" The Tenant is continuing to pay the monthly rent and remaining on the premises, in effect a month-to-month tenancy. Your tacit agreement to this is confirmed by your cashing of their checks and allowing them to remain in possession of the property without eviction. That is a renegotiation of lease.""