Category: Forms

Form-of-the-Week: Natural Hazard Disclosure Statement and Fire Hardening and Defensible Space Disclosure Statement — Forms 314 and 314-1

A seller agent uses the Natural Hazard Disclosure Statement to disclose the existence of natural hazards on the sale of any type of real estate to a prospective buyer and the Fire Hardening and Defensible Space Disclosure Statement when the property is in a high fire hazard severity zone to disclose retrofits, local vegetation management ordinances and fire hardening measures the buyer is to consider.

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Form-of-the-Week: Modification of Representation Agreement and Release and Cancellation of Employment Agreement — Forms 120 and 121

After entering into a representation agreement with a client, an agent uses the Modification of Representation Agreement to change the terms of the employment without canceling it and to terminate the authorization to represent, an agent uses the Release and Cancellation of Representation Agreement.

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Form-of-the-Week: Commercial lease agreement — percentage and month-to-month — Forms 552-4 and 552-5

A landlord, tenant, leasing agent or property manager when negotiating rent payments as a percentage of a non-residential tenant’s gross sales uses a Commercial Lease Agreement of the percentage variety to set the terms for a fixed-term tenancy or uses the month-to-month variety to prepare a Commercial Rental Agreement for a periodic tenancy.

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Form-of-the-Week: Commercial lease agreements — Gross variety — 552 and 552-1

A landlord, tenant, leasing agent or property manager uses a Commercial Lease Agreement of the gross variety for projects with a single tenant or multiple tenants when the landlord retains the obligations to manage and pay for most or all property operating expenses such as property taxes, insurance and maintenance during the tenancy.

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Form-of-the-Week: Commercial Lease Agreements — Net variety — Forms 552-2 and 552-3

A landlord, tenant, leasing agent or property manager uses a Commercial Lease Agreement of the net variety for a single-user tenant to document the terms of the tenancy negotiated when the payment of most or all property operating expenses including property taxes, insurance and maintenance incurred during the tenancy is shifted to the tenant.

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