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TXR 1419 — Commercial Listing Agreement Termination

This form provides a structured way for the owner (seller, landlord, or sublease tenant) and broker to mutually terminate a commercial listing agreement. It addresses termination fees, protection period replacement terms, and releases both parties from future obligations under the original listing.

Source: TXR
Form Number: 1419
Category: Other
Revised: July 8, 2022

Used For

Commercial Sales, RESIDENTIAL_LEASING

Form Outline

The TXR 1419 form is organized into the following sections:

  1. Definitions
    Defines key terms: Owner means seller or landlord (or tenant in sublease situations), and Listing means the commercial listing agreement being terminated.
  2. Representation
    Owner certifies that no negotiations are currently pending or contemplated with any party regarding the property.
  3. Termination Date
    Establishes the specific date and time (11:59 p.m.) when the listing agreement officially terminates.
  4. Termination Fees
    Establishes fee structure for termination including an immediate services-rendered fee, post-termination protection fees with a deadline, named exclusions from protection fees, and Master Lease termination/assignment fees.
  5. Documents and Release
    Broker may obtain transaction documents from any party. Both parties release each other from all listing obligations including the protection period, except obligations created by this termination agreement.
  6. Execution by Owner and Broker
    Signature blocks for owner (up to two signatories) and broker with license information.

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