Commission Agreement for Commercial Lease in Florida
Does anyone know how a the commission could be calculated on a Commercial Lease in the state of Florida?
I am trying to prepare a commission agreement on an empty commercial space within a shopping center. I have a potential tenant, and as a transaction agent i would like to present this commission agreement to the landlord, but i have never done anything like this as i am mostly involved with sale/purchase.
[{"id": "ct01s33", "text": "Percent of the sum of lease payments, can very between net and gross but generally net here", "replies": [], "depth": 1}, {"id": "ct030w6", "text": "This is a highly local question. It could be based on a price per rentable square foot per year of the lease or a simple percentage of the total lease value.", "replies": [], "depth": 1}, {"id": "ct0b2f7", "text": "Ask a local for help. There's gotta be someone you know whose done this before", "replies": [], "depth": 1}, {"id": "ct1uz87", "text": "You would present it on a commission schedule that should be attached to the LOI or Lease. We are barred by the Sherman Antitrust Act to discuss actual fee percentage. Our office uses a % that is typically higher in the first year and decreases over time. Our MG and NNN % are different. I have also heard of brokerages doing the first 2 months. ", "replies": [], "depth": 1}]