Exhibit J. Lease - Broker Project (May 2026) (2).pdf
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- Attached to
- General Services Administration (GSA) Seeks to lease the following space: Solicitation No. 3TN0311
- Solicitation number
- 3TN0311
About this file
This is a GSA Template L100 lease exhibit addressing broker project arrangements for real estate leases awarded through GSA brokers. The document establishes the framework for broker commission handling and payment procedures when GSA utilizes a contract real estate broker to facilitate lease transactions.
The exhibit defines key terms including "Broker" (GSA's contracted real estate broker) and "Commission Credit" (the portion of broker commission that is forfeited and credited back to reduce lease payments). PUBLIC PROPERTIES is identified as the authorized broker representing GSA. The total commission is split between the broker's earned portion and a commission credit amount; only the broker's portion is payable directly, while the commission credit reduces the shell rental payments on a prorated basis commencing with the first month of rent. The reduction continues in equal monthly installments until the full commission credit is recaptured over the shortest practicable timeframe. Shell rental payments are adjusted accordingly, with specific monthly rent calculations provided in a schedule format (subject to further adjustment based on other lease rent considerations). The lessor must pay the broker's portion of commission according to a separate Commission Agreement executed between the lessor and broker, calculated as the agreed-upon total commission minus the stated commission credit amount.
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Text version
LEASE NO. LTN02651, PAGE 1 LESSOR: ________ GOVERNMENT: ________ GSA TEMPLATE L100, BROKER
PROJECT EXHIBIT J. (5/26)
EXHIBIT J. 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. PUBLIC PROPERTIES (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 PUBLIC PROPERTIES 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.
| EXHIBIT J. BROKER PROJECT |
| BP 1.01 DEFINITIONS: BROKER PROJECT ATTACHMENT (FEB 2026) |
| BP 1.02 BROKER COMMISSION AND COMMISSION CREDIT (FEB 2026) |
| BP 1.03 PAYMENT OF BROKER (FEB 2026) |
File details come from the government source that posted it. Updated .