Welcome to Platinum Properties, [hereinafter “PLATINUM PROPERTIES”]. We provide quality service and our agents are here to assist you. By signing below, you agree that you are seeking the rental of an apartment in New York City and that you are retaining the services of PLATINUM PROPERTIES for that purpose. You understand that the commission charged by PLATINUM PROPERTIES for the aforesaid services is as follows:
If you have inquired about a listing that was advertised by your Platinum agent as a "No Fee” apartment, you will not be obligated to pay a broker commission on that specific apartment. You will also not be required to pay a commission on any apartments that PLATINUM PROPERTIES indicates in writing as "No Fee."
Fifteen percent [15%] of the first year’s gross rent [hereinafter “commission”], payable to PLATINUM PROPERTIES only if you rent an apartment in a building or complex shown to you,whether via a virtual tour or in-person appointment, by PLATINUM PROPERTIES within 120 days of such showing.
In the event that you rent an apartment for less than a one-year term (based upon initial term stated in lease), PLATINUM PROPERTIES’ commission will be as follows:
Term: 1 day – 6 months Commission: 1 month’s rent Term: 6 months + Commission: Fifteen percent (15%) of the 1st year’s gross rent based on a 12-month lease term regardless if the actual lease term is less than 12 months.
A PLATINUM PROPERTIES salesperson will, if requested, list the apartments that have been shown to you, whether via a virtual tour or in-person appointment, by PLATINUM PROPERTIES after such showing on the bottom and/or reverse side of this agreement or via email. You and PLATINUM PROPERTIES agree that PLATINUM PROPERTIES will be entitled to the entire commission, which shall be due, in the form of certified funds, upon the earlier of  your execution of a lease for an apartment in a building or complex PLATINUM PROPERTIES has shown you, whether via a virtual tour or in-person appointment, or  your occupancy of an apartment in a building or complex PLATINUM PROPERTIES has shown you, whether via a virtual tour or in-person appointment. You understand that in the event that you rent an apartment in a building or complex shown to you by PLATINUM PROPERTIES, whether via a virtual tour or in-person appointment, through the services of broker other than PLATINUM PROPERTIES or through the landlord directly, you will still be responsible for paying the entire commission to PLATINUM PROPERTIES. In addition, any claim that you may have arising from the services provided to you by PLATINUM PROPERTIES shall be limited to the amount of the brokerage commission paid and shall not exceed that amount.
In the event of your default under this Client Registration/Commission Agreement, you shall be liable to pay the full commission as stated above based on the length of the lease you entered into as well as all legal fees incurred by PLATINUM PROPERTIES to enforce the terms of this Agreement.
It is hereby acknowledged that in certain instances PLATINUM PROPERTIES may receive additional compensation from the owner/landlord of the property and such compensation does not forgo or offset the brokerage commission that you have agreed to pay to PLATINUM PROPERTIES pursuant to the terms of this Client Registration/Commission Agreement.
By signing below you understand that you have authorized PLATINUM PROPERTIES to act as your agent for the procurement of an apartment.