RE Agent rental finders fee

[Dell J.]

I used a real estate agent to place my tenant and the agent's fee was the first month rent. Everything went well.

However, I was looking at the contract and saw the clause below. Does this mean that if I keep the same tenant and renew the yearly contract the agent will continue to get paid every year? or am I reading it wrong? I was under the impression that tenant placement was a one time transaction.

I know I should have read the contract more carefullly before signing. I am beating myself up already.

"29. Agent: Both parties recognize and acknowledge that XXXXXXXXXXXXX, Listing Agent and Realtor with XXXXXXXXXXXXXXXXXXXXXXXXXXXX, is the procuring cause of this transaction. Upon execution of this present lease or the execution of a new lease between Landlord and Tenant(s), the Landlord agrees to pay the rental commission due to Agent in consideration for having procured the Tenant (s). Landlord agrees to pay the Agent commission under such an extension or a new lease. The Agent is party to this contract solely for the purpose of enforcing rights under this paragraph, and it is understood by all parties that the Agent is acting in the capacity as Agent for Landlord and Tenant(s) must look to Landlord as regards to covenants, agreements and warranties, and that Agent shall not be liable to Tenant(s) in regard to any matter which may arise by virtue of the Lease Agreement. ............"