Legal Question in Landlord & Tenant Law in California
Broker fee on lease termination
We terminated our 12 month house lease after 4 months. The management company invoiced us for 10% x 8 months rent - a $2,750 broker fee.
Is this a fair broker fee?
Early Lease Termination:
If Lessee should need to leave premises before end of lease period, Lessee is responsible for lease payments until rented and all costs associated with re-rental of premises including Broker fees, advertising and cost of preparing home for listing. Lessee agrees to allow home to be shown with 24 hour notice during this period.
Asked on 9/01/08, 12:50 am
1 Answer from Attorneys
Robert L. Bennett
Law offices of Robert L. Bennett
Re: Broker fee on lease termination
Yes, if you signed lease with such a clause,
Answered on 9/02/08, 3:34 pm