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Commission Invoice-Cleaners Powered By Docstoc
					DEVELOPERS DIVERSIFIED CORPORATION
BURNHAM PACIFIC
COMMISSION APPROVAL

DATE:                                            11/9/2001
PROPERTY:                                   Lake Arrowhead Village
NAME OF TENANT:                             Arrowhead Village Cleaners
TYPE OF LEASE:                                                     New                               X              Renewal
SQUARE FOOTAGE LEASED:                               2,400
LEASE TERM:                                                10      yrs.
COMMENCEMENT DATE EXPECTED:                      12/1/2001


RENT PER SQUARE FOOT:                            Annual                   Annual                   Annual                Annual
                                                Rent/SF                   Rent                     Rent/SF               Rent
              Year One                      $        15.72         $      37,728.00
              Year Two                      $        15.72         $      37,728.00
              Year Three                    $        15.72         $      37,728.00
              Year Four                     $        15.72         $      37,728.00
              Year Five                     $        15.72         $      37,728.00
              Year Six                      $          -           $               -           $      18.84         $    45,216.00
              Year Seven                    $          -           $               -           $      18.84         $    45,216.00
              Year Eight                                           $               -           $      18.84         $    45,216.00
              Year Nine                     $          -           $               -           $      18.84         $    45,216.00
              Year Ten                      $          -           $               -           $      18.84         $    45,216.00
TOTAL RENTS:                                                       $ 188,640.00                                     $ 226,080.00
COMMISSION PERCENTAGE:                                       (A)                       3%                     (B)               1.5%
                                                                   $       1,290.26                                 $     3,391.20
Less: Rents from existing lease:                                       $145,631.20
Total:                                                             $      43,008.80


TOTAL COMMISSION (A+B)                                             $       4,681.46


WAS AN OUTSIDE BROKER USED?                 X                      Yes                                              No
NAME OF BROKER:                             GC Properties
OUTSIDE COMMISSION AMOUNT:                      $3,120.98
COMMISSION DUE DDR                          $ 1,560.48
LEASING MANAGER (Print Name & Sign):                               Margaret Georgilas


APPROVED BY (Print Name & Sign):                                   Margaret Georgilas


Commission Structure:
New Leases with a cooperating Broker                                                        New Leases without a cooperating Broker
 6.0% of the base rent for years 1 - 5                                                        5.0% of the base rent for years 1 - 5
 3.0% of the base rent for years 6 - 10                                                       2.5% of the base rent for years 6 - 10
Ground Leases:
  3.0% of the base rent for years 1 - 5 ;       1.5% of the base rent for years 6 - 10
Renewals:
  50% of the commission that would be paid for a new lease
  The parties acknowledge that a "renewal" is an execution of a new lease with a tenant
  for a space previously occupied by such tenant for the term exceeding the last date
  of any extension option set forth in the existing lease with such tenant.
Timing:
  50% payment on complete execution of unconditional lease - remainder paid upon commencement

				
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