Contract Granting Exclusive Agency to Rent Real Estate.

Williston - Sections 60, 460, 1012, 1406, 1446, 1645;

Moses v. Bierling, 31 N. Y. 462;

Shultz v. Griffin, 5 Misc. 499, 26 N. Y. Supp. 713;

Levy v. Rothe, 17 Misc. 402, 39 N. Y. Supp. 1057;

Van Patten v. Taber, 71 Misc. 610, 130 N. Y. Supp. 1055;

Harris v. Morton, 101 Misc. 398, 167 N. Y. Supp. 80.

Agreement made........between...............hereinafter designated as the Owner, and...............hereinafter designated as the Agent, Witnesseth:

1. The Owner hereby employs and authorizes the said agent to take sole, entire, and exclusive charge of the renting of the building known as........and several lofts and parts thereof, and also to renew various leases now existing for parts of said premises, for the period of........from the date of this agreement.

2. The Owner agrees to pay the Agent compensation for the services to be rendered by said Agent at the following rates:

(A) For all new leases of space in the said premises, at the rates set forth in the regulations as to real estate commissions adopted on the......., by the Real Estate Board of New York;

(B) For all renewals of leases of space in the said premises, at the rate of one-half the usual commissions established as aforesaid by the Real Estate Board of New York.

3. It is agreed that in all cases where leases of space in the said premises are effected by any other broker who will be recommended by the owner in conjunction with the said Agent, the said Agent is to pay such other broker his commission, and that in such event the Owner will pay to the said Agent, in addition to the compensation stipulated in the foregoing clause 2 of this agreement, a further amount equivalent to ........of said stipulated compensation.

4. It is agreed that during the term of this agreement all brokers consulting or applying to the said Owner in respect to the leasing of space in the said premises shall be instructed to deal with and through the said Agent; that renewals of existing or future leases of space in the said premises during the term of this agreement shall be made solely by and through the said Agent; that during the term of this agreement the said Owner will permit the display upon the said building of a sign of the said Agent announcing that said premises or any part thereof are to be let; and that during the term of this agreement the said Owner will not allow the erection or display upon said building or any part thereof of any sign or device or announcement of similar effect of any person, firm or corporation other than the said Agent.

5. The said Agent hereby accepts said employment and agrees to use its best skill and efforts to procure suitable tenants for said building and the several parts thereof and to accept and receive the commissions hereinbefore set forth in full compensation for all services to be performed by it under this agreement.

Agreement between Owner of Real Estate and Agent for

Care of Property

Williston - Sections 60, w and 450.

Agreement made................between..............

hereinafter referred to as the Owner) and...................

(hereinafter referred to as the Agent).

The parties agree as follows:

1. The Owner hereby employs the agent as its general agent to take entire charge of the premises........................

for the term of..........................................

commencing............................................

and ending.............................................

unless sooner terminated as hereinafter provided.

2. The Owner hereby grants to the agent authority to ask, demand, collect and receive all rents, and to give receipts therefor; to order, direct and superintend all repairs and decorations and to make disbursements for same; to hire employees and to pay the salary or wages of the same; to make all purchases and in general to do and perform all acts and things incident to such management and to make all disbursements in connection therewith.

3. The Agent agrees to render to the Owner a monthly statement of all moneys received and disbursed in connection with the management, and to pay to the Owner, or his order, the balance thereof remaining after deducting all charges and expenses in connection therewith, and the Owner agrees to reimburse the agent for any deficiency.

4. The Owner agrees that the agent shall retain for its services in connection with the management of said property......

per centum (.....%) of the gross receipts during the term of its contract.

5. In the event of the sale or exchange of the property, the Owner may cancel this contract at any time by giving the Agent thirty (30) days, prior written notice, and the Owner agrees to pay the Agent....................($........) Dollars, upon the cancellation of said agreement.