How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask JBaxLaw Your Own Question
JBaxLaw
JBaxLaw, Lawyer
Category: Real Estate Law
Satisfied Customers: 11396
Experience:  Experienced Real Estate Attorney! How may I help you?
16110456
Type Your Real Estate Law Question Here...
JBaxLaw is online now
A new question is answered every 9 seconds

I realized that in my leasing agreement (I am the landlord),

This answer was rated:

I realized that in my leasing agreement (I am the landlord), not in the agreement with the broker, it says it that if I renew the lease with my tenants I have to pay the broker a month comission. I am not sure if it is valid since they put that in the leasing agreement which is not signed by them, it is signed only by the tenant and landlord (me)., however on the agreement I signed with them to find a tenant for me it says that I have to pay them 5% commision if I sell the property to the tenants.

Do I have to pay them any renewal commision if my tenant wants to continue rentinf on a month by month basis?
Hello,

I am a professional here to assist you. I appreciate your use of this service. The Florida Real Estate Commission requires the agent's fees for the rental to be written in the agency agreement you sign with the agent, not the lease. The agent can only charge you the fee listed in that agency agreement. Without the fee listed in the agency agreement, the agent cannot force payment if a tenant renews a lease on a month-to-month basis.

Please take a moment to leave a positive service rating. I would appreciate it. I rely on these ratings to provide this information. Please follow-up as needed.

Thank you
Customer: replied 3 years ago.

Hello Sir,


 


Thank you so much, I like your answer it is very clear. However, if it happens that I didn't read correctly the agreement with them (broker/landlord) and somewhere on those little letters it says that I have to pay them renewal fee, can I create an adedum to the lease saying we will do a month to month lease? Would this adendum help to avoid this commission to the broker or not?. Sorry but I don't have the agreements with me now, they ar at home.


 


I am almost sure I read all the agreement broker/landlord and I didn't see anything, but I am little concerned why they did put it in the tenant/landlord.


 


Thank you for your help.

If an agency agreement states there is a requirement to pay a fee only if a year lease is renewed for an additional year, then no fee would be due for only a month-to-month renewal term. You would need to read the agency agreement to see the terms of when a payment to the agent is due.

Please do not forget to take a moment to leave a positive service rating. I would appreciate it. I rely on these ratings to provide this information. Please follow-up as needed.

Thank you
JBaxLaw and other Real Estate Law Specialists are ready to help you

Related Real Estate Law Questions