Addendum

TXR 2118 — Commercial Sublease Addendum for Broker's Fee

Defines broker compensation for commercial sublease transactions, covering both the initial leasing fee and any future renewal/expansion fees for the principal broker and cooperating broker. Establishes how fees are calculated (as a percentage of base rents and expense reimbursements), who pays them

Source: TXR
Form Number: 2118
Category: Addendum
Revised: April 1, 2014

Used For

Commercial Sales, Residential Leases

Form Outline

The TXR 2118 form is organized into the following sections:

  1. Leasing Fees
    Establishes leasing fees earned at sublease execution for both principal and cooperating brokers, with three calculation options per broker: standard percentage split, custom percentage payment, or fully custom fee.
  2. Renewal and Expansion Fees
    Provides for additional broker compensation on future renewals, extensions, expansions, or new subleases with the same parties. Fees earned at execution or commencement of the renewal.
  3. County and Broker Lien Notice
    Designates the Texas county where fees are payable and provides statutory notice of the broker's right to lien the property for unpaid earned commissions under Texas Property Code Chapter 62.
  4. Attorney's Fees
    Prevailing party in any legal proceeding related to this addendum recovers litigation costs, prejudgment interest, and attorney's fees.
  5. Special Provisions
    Free-form area for additional broker fee terms or conditions not covered by the standard provisions.
  6. Signatures
    Execution section requiring signatures from all parties: sublessor, sublessee, principal broker, and cooperating broker, with broker license numbers.

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