Ex N_Lease - Broker Project (Feb. 2026).pdf
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- Solicitation number
- 36C24W25R0107
- Issued by
-
Department of Veterans Affairs
About this file
This document is a GSA Template L100 Broker Project Exhibit N for a federal real estate lease (Lease No. 36C24W26L0008) that establishes the terms for paying lease acquisition fees to the Government's authorized real estate broker.
The Lessor is responsible for paying all real estate commissions connected to the lease consummation. DHC Real Estate Services, LLC is designated as the VA's authorized broker providing Lease Acquisition Services. The Lessor must pay DHC Real Estate Services, LLC a commission or lease acquisition fee equal to a specified percentage of the total aggregate lease value, which includes base rent (with fixed increases or annualized amounts), other rental income, operating expenses (base year), real estate taxes (base year), and amortized tenant improvements. The aggregate lease value excludes rental abatement, rental escalations for operating expenses or tax increases, additional services beyond those furnished by the Lessor, and lump sum payments for tenant improvements. Commissions are not collected on option periods or lease terms beyond the firm term. The lease acquisition fee cannot exceed $1,500,000.00. Payment is structured as follows: 75 percent of the fee is due within 30 calendar days following lease execution, and the remaining 25 percent is due within 30 calendar days following the earlier occurrence of VA's space acceptance or commencement of rent payments. The Lessor's commission obligations are independent of other financial responsibilities under the lease and cannot be used to offset credits owed to VA. If the Lessor fails to pay the broker fee, the VA may pay it directly from rent payments or lump-sum reimbursements owed to the Lessor.
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Text version
LEASE NO. 36C24W26L0008, PAGE 1 LESSOR: ________ GOVERNMENT: ________ GSA TEMPLATE L100, BROKER
PROJECT EXHIBIT N (2/26)
EXHIBIT N BROKER PROJECT
BP 1.01 DEFINITIONS: BROKER PROJECT ATTACHMENT (FEB 2026)
A. Definitions. The following definitions apply to the use of the terms in this attachment:
1. “Broker” means VA’s broker, if VA awarded this lease using a contract real estate broker.
2. “Commission Credit” means the amount of commission that is credited to the lease, if VA’s broker agreed to forgo a percentage of its commission, in connection with the award of this lease.
BP 1.02 BROKER COMMISSION AND COMMISSION CREDIT (FEB 2026) LEASE ACQUISITION FEE
The Lessor shall be responsible for paying all real estate commissions due in connection with the consummation of this Lease.
For purposes of this Solicitation, the real estate firm of DHC Real Estate Services, LLC is the authorized representative of the VA and is providing Lease Acquisition Services to VA in connection with this transaction. It is understood between Lessor and VA that DHC Real Estate Services, LLC has provided Lease Acquisition Services on behalf of VA to assist in the completion of this transaction.
In connection with the provisions of such Lease Acquisition Services and in the event of consummation of a lease agreement between Lessor and VA, Lessor will pay a commission or lease acquisition fee to DHC Real Estate Services, LLC in the amount of a percentage equal to the percentage specified in the brokerage commission agreement (%) of the total aggregate lease value. The aggregate lease value shall include, but not be limited to, base rent (including fixed rental increases or as annualized), other rental income, operating expenses (base year), real estate taxes (base year), and amortized tenant improvements (if applicable)). The aggregate lease value shall not include any rental abatement provided to the VA pursuant to the Lease; any rental escalations covering operating expenses and/or real estate tax increases during the lease term; any additional amounts paid by VA for services over and above those furnished by Lessor; any lump sum payments for tenant improvements. Commissions will not be collected on option periods or for lease terms beyond the firm term of the lease.
The total contract value that will be used to determine the commission due and payable will be established based on the final lease documents upon lease execution or as amended thereof. Such commission or lease acquisition fee shall be due and payable, as follows:
Seventy-five percent (75%) of commission or lease acquisition fee shall be paid to DHC Real Estate Services, LLC within thirty (30) calendar days following lease execution between Lessor and VA; and
The remaining twenty-five percent (25%) of commission or lease acquisition fee shall be paid to DHC Real Estate Services, LLC within thirty (30) calendar days following the earlier to occur of VA’s acceptance of space or commencement of rent payments.
The Lessor’s responsibilities to pay the commission(s) or lease acquisition fee is independent of any other Lessor financial responsibilities of this Lease and shall not be used to negotiate or offset any credits owed VA by the Lessor. However, in the event Lessor shall fail to pay the commission(s) or lease acquisition fee amount owed to DHC Real Estate Services, LLC pursuant to the compensation schedule outlined herein, VA, at VA’s sole option, shall pay the commission(s) or lease acquisition fee on behalf of Lessor to DHC Real Estate Services, LLC out of rent payments and/or any lump-sum payments owed or to be owed to Lessor for reimbursement(s) of tenant improvement costs or payment(s) for services/work provided by Lessor. The Lease Acquisition Fee shall not exceed one million five hundred thousand dollars ($1,500,000.00).
BP 1.03 PAYMENT OF BROKER (FEB 2026) - MODIFIED
In accordance with RLP Paragraph BP 1.01, the Lessor shall pay the Government’s Broker DHC Real Estate Services, LLC , the total lease acquisition fee amount of $XX. XX.
Seventy-five percent (75%) of the lease acquisition fee shall be paid to DHC Real Estate Services, LLC within thirty (30) calendar days following lease execution between Lessor and VA; and
The remaining twenty-five percent (25%) of the lease acquisition fee shall be paid to DHC Real Estate Services, LLC within thirty (30) calendar days following the earlier to occur of VA’s acceptance of space or commencement of rent payments.
| EXHIBIT N BROKER PROJECT |
| BP 1.03 PAYMENT OF BROKER (FEB 2026) - MODIFIED |
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