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Question
Hi-
A real estate agent found a summer tenant for my vacation home, and I paid the 10% commission. He also had me sign an agreement giving the broker a commission if I ever rented or sold the property to this person. I guess that is standard, but I'm not sure.
This year, a Trust, operated by this person's wife, wants to rent the property. She says a commission is no involved, as she was never on the lease, and because her trust is a legal person.
Any ideas?
thanks
Dear Coup,
Thank you for your question.
Yes, the repeat rental, renewal or purchase clause is standard.
Legally the person's wife might be right, but ethically if I were you I would pay the broker the fee. They are the procuring cause of the rental.
Hope this works for you.
Hans
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Hans Weber, Licensed Broker Associate
Expertise
I am able to answer questions related to buying or selling residential real estate in New York. There are many questions buyers and sellers have about the process of buying or selling a home that they are afraid to ask or that might seem too simple to ask. For instance: in a house, why do some doors open in and some doors open out?
Experience
Licensed real estate agent in New York State in 1988.
Serving buyers and sellers as a full time occupation since 1988 with over 300 successful residential real estate transactions.
Organizations
National Association of Realtors.
Westchester County Board of Realtors.
Education/Credentials
Graduate of Pace University in 1988 majoring in business and minors in taxation and computer science.
Awards and Honors
Consistently one of top sales awarding winning agents for Coldwell Banker in Westchester County.
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