September 2023

Posted by: Shelley Devanney on Monday, September 18, 2023

Form #	Form Name	Replaces Revision Date	Brief description of how the form was revised
V-1	Commercial Exclusive Right to Represent Buyer/Tenant Contract	6/18	Section 5(c) was updated changing 180 day to a blank to fill a mutually agree upon number. 5. WE EARN our commission if and when you: (a) enter into a contract for the PURCHASE, LEASE or EXCHANGE of Property during the term of this Contract and all material conditions have been met or are subsequently met; or (b) PURCHASE, LEASE or EXCHANGE the Property during the term of this Contract; or (c) within one hundred eighty (180________________ (___) days after expiration of this Contract you do any of the things described in the foregoing clauses (a) or (b) with respect to Property that we located for you during the term of this Contract. Section 11 was updated to list the protected classes a line has been added that says: “I/We read and understand this section” and includes a spot for all Buyers/Tenants to initial.
T-1	Commercial Real Estate Purchase Contract	6/18	View the changes made to the commercial purchase contract to mirror the changes that have already been made to the residential purchase contract.
NA	Letter of Intent to Lease Commercial Real Estate	6/18	“Manager” has been added as an optional signer on the last page.
NA	Letter of Intent to Purchase and Sell Commercial Real Estate	6/18	“Manager” has been added as an optional signer on the last page.

These changes will become available on DocuSign, dotloop, Glide, Skyslope, Transaction Desk and zipForm ASAP.

If you have a question or comment about our forms, please email Shelley Devanney. Remember, the CTR legal hotline is the number to call for specific legal issues: 860-566-8333.

Tags:Commercial Form | | Commercial Form |

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