We consider the brokerage community to be an extension of our organization.  Brokers serve as a focal point of communication on behalf of their clients - our customers, and allow us to better understand their business needs, helping us to speed the transaction process and close deals quickly. Combined Properties pays a standard full commission to licensed Massachusetts real estate brokers for all fully executed leases with new prospects that are registered as described below. 

Combined Properties’ policy is to pay all fees or commissions due, promptly after full execution of the lease, and receipt of all up-front payments due from tenant including the security deposit and first month’s rent, expiration of any contingencies in the lease and receipt of an invoice for brokerage.  Our commission schedule is as follows:

Office Properties -
5% of the gross rent for the 1st year
4% of the gross rent for the 2nd year
4% of the gross rent for the 3rd year
3% of the gross rent for the 4th year
2% of the gross rent for the 5th year
1 ½% of the gross rent for the balance of the term.

Industrial Properties& Retail Properties
6% of the net rent for the 1st year
3% of the net rent for the 2nd year
3% of the net rent for the 3rd year
3% of the net rent for the 4th year
3% of the net rent for the 5th year
1 ½% of the net rent for each year of the term thereafter.

All prospects must be registered directly with Greg Regazzini, Vice President of Leasing, specifically identifying the prospect, the facility requirement, etc., prior to showing the prospect any Combined Properties space and prior to any other contact between the prospect and Combined Properties.  Combined Properties does not pay any commission on leases, lease renewals, lease amendments, expansions or extensions with any existing Combined Properties tenant or tenant affiliate.  Under some circumstances the firm may acknowledge someone as a cooperating broker representing the tenant, and pay one-half of the standard fee, but only by specific prior arrangement and by amortizing said fee as additional rent.

For lease terms of less than one year, or leases with cancellation options that reduce the minimum commitment to less than one year, a fee equal to 6% of the rent for the minimum length commitment is paid.  No commission or other fees will be paid on lease options, extensions, etc., or for any period subject to any form of lease cancellation provision.