Stevens developement company leasing Commision Schedule
101 University/444 High
4% of 1st year’s scheduled rent 3.5% of 2nd year’s scheduled rent 3% of 3rd-5th year’s scheduled rent 1.5%/yr thereafter
125 University
4% of 1st year’s scheduled rent 3% of 2nd year’s scheduled rent 2.5% of 3rd-5th year’s scheduled rent 1.5%/yr thereafter
Maximum commission is capped at $12.00/rentable sf
101 Univ/444 High/125 University – The above commission is what we pay to procuring, licensed brokers. Stevens Development Company is the listing agent for the 101 University and 125 University partnerships.
We use a full service lease. We do no page on options, renewals, or extensions. Payment is made when all of the following occur: the lease is fully executed, lease consideration due at signing is paid, and lessee has taken occupancy.