ExhS_Lease Broker Project Exhibit_RLP 5WY0078 Buffalo.pdf
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- Solicitation number
- 5WY0078
About this file
This is a GSA Lease Template exhibit establishing broker commission and commission credit procedures for real estate lease transactions.
Carpenter/Robbins Commercial Real Estate, Inc. serves as the authorized real estate broker representing GSA in this lease transaction (Lease No. LWY01080). The document specifies commission payment and credit structures to be applied to the shell rental portion of annual lease payments. The broker's total commission amount is earned upon lease execution and is payable according to a Commission Agreement between the lessor and broker. A portion of the total commission is designated as a "Commission Credit," which represents the amount the broker agreed to forgo in connection with the lease award. Only the reduced commission amount is payable directly to Carpenter/Robbins Commercial Real Estate, Inc., while the Commission Credit is credited against shell rental payments owed to GSA. The reduction in shell rent must commence with the first month of rental payments and continue in equal monthly installments over the shortest time practicable until the credit is fully recaptured. The document provides a schedule template showing the monthly rental payment calculations with prorated Commission Credit deductions applied. The lessor is responsible for paying the broker its portion of the commission (defined as the agreed-upon commission minus the Commission Credit) according to the Commission Agreement signed between the parties. All Commission Credit reductions are subject to change based on adjustments outlined in the lease's "Rent and Other Consideration" paragraph.
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LEASE NO. LWY01080, PAGE 1 LESSOR: ________ GOVERNMENT: ________ GSA TEMPLATE L100, BROKER
PROJECT EXHIBIT S (5/26)
EXHIBIT S 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 GSA’s broker, if GSA awarded this lease using a contract real estate broker.
2. “Commission Credit” means the amount of commission that is credited to the lease, if GSA’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)
A. Carpenter/Robbins Commercial Real Estate, Inc. (Broker) is the authorized real estate Broker representing GSA in connection with this Lease transaction. The total amount of the Commission is $XX and is earned upon Lease execution, payable according to the Commission Agreement signed between the Lessor and Broker. Only $XX of the Commission will be payable to Carpenter/Robbins Commercial Real Estate, Inc.
with the remaining $XX, which is the Commission Credit, to be credited to the shell rental portion of the annual rental payments due and owing to fully recapture this Commission Credit. The reduction in shell rent must commence with the first month of the rental payments and continue until the credit has been fully recaptured in equal monthly installments over the shortest time practicable.
B. Notwithstanding the “Rent and Other Consideration” paragraph of this Lease, the shell rental payments due and owing under this Lease must be reduced to recapture fully this Commission Credit. The reduction in shell rent must commence with the first month of the rental payments and continue as indicated in this schedule for adjusted Monthly Rent:
Month X Rental Payment $XX,XXX minus prorated Commission Credit of $XX,XXX equals $XX,XXX adjusted X th Month’s Rent.*
Month X Rental Payment $XX,XXX minus prorated Commission Credit of $XX,XXX equals $XX,XXX adjusted X th Month’s Rent.*
Month X Rental Payment $XX,XXX minus prorated Commission Credit of $XX,XXX equals $XX,XXX adjusted X th Month’s Rent.*
* Subject to change based on adjustments outlined under the paragraph “Rent and Other Consideration.”
BP 1.03 PAYMENT OF BROKER (FEB 2026)
If GSA awarded the Lease through its Broker, the Lessor must pay GSA’s Broker its portion of the commission according to the Commission Agreement signed between the Lessor and Broker. “Its portion of the commission” means the agreed-upon commission to GSA’s Broker minus the Commission Credit specified in the Lease or Lease Amendment.
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