A Lease Appendix - Broker Project
Updated
A PDF document (87 KB) attached to Santa Cruz Outpatient Clinic, New Procurement Lease Package, from the Department of Veterans Affairs. Due Nov 9, 2026, 5:00 PM (UTC-8).
File name: 04.A Lease Appendix - Broker Project MAY 2026.pdf
The full file is for paid members, or buy this bid alone.
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EXHIBIT A BROKER PROJECT
BP 1.01 DEFINITIONS: BROKER PROJECT ATTACHMENT (VA 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.
“Lease Acquisition Fee” means the commission the Lessor is obligated to pay to VA’s designated real estate broker for Lease Acquisition Services provided in connection with the transaction, calculated as a stated percentage of the total aggregate lease value, and payable in two parts: 75% within 30 days of lease execution and 25% within 30 days of VA’s acceptance of the space or rent commencement, subject to an overall dollar cap.
BP 1.02 BROKER COMMISSION AND COMMISSION CREDIT (VA FEB 2026)
A.
The Lessor must be responsible for paying all real estate commissions due in connection with the consummation of this Lease.
B.
For purposes of this Solicitation, the real estate firm of ISI Professional Services 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 ISI Professional Services has provided Lease Acquisition Services on behalf of VA to assist in the completion of this transaction.
C.
In connection with the provisions of 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 ISI Professional Services in the amount of a percentage equal to X% of the total aggregate lease value. The aggregate lease value must 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 must 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; and 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.
D.
The total contract value that will be used to determine the X% commission will be established based on the final lease documents upon lease execution or as amended thereof. Such commission or lease acquisition fee must be due and payable, as follows:
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Other documents in this bid
- Santa Cruz - RLP - 003
- No Proposal Market Response Form
- Pre-bid Registration Form
- Santa Cruz - Draft Lease
- B Lease Appendix - CA Tax
- C Lease Appendix - New Construction
- D Lease Appendix - Net of Utilities
- Past Performance List of References
- Past Performance Questionnaire - Past Performance Questionnaire
- Operations and Maintenance Plan Acknowledgement
- Cert and Commitment of Energy Performance
- Offering Entity Acknowledgement Form