Legal Question in Real Estate Law in New Jersey
lease
Am I required to have a clause in a commercial lease for a property rental, that binds the Landlord to pay a realtor's commission should the property is sold to the tenant in the future.
Asked on 1/23/08, 3:37 pm
1 Answer from Attorneys
John Corbett
Corbett Law Firm LLC
Re: lease
No, and arguably a realtor inserting such a clause would be overreaching. Such a clause is neither required nor customary.
See also: http://info.corbettlaw.net/lawguru.htm
Answered on 1/23/08, 6:12 pm
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