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Updated over 1 year ago,
Question about Exclusive Right to Lease Listing Agreements
Hello all, I am wondering if the following 2 provisions on exclusive lease listing agreements are standard or if it is possible/customary to negotiate them:
*an exclusive agreement with a duration of six-months - this is a concern because my property should be rented within 2-3 weeks, what if 2-3 months pass and it is still not rented? I rather this be 30 days maximum, renewable at my option, and if not rented by then the agreement is over.
*if lease is renewed owner agrees to pay 100% of the first month - this means that every year I would have to pay 1 month to the broker which is not in my interest. I rather do the renewal myself at no cost, or pay the broker something like 20% of the first month as a fee.
Thanks for any guidance!