List of
Leasing Terms
Defined in this Glossary


Glossary of Real Estate Leasing


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Definition of Procurement Fee

The “procurement fee” is the compensation to be paid to the broker representing the tenant. 

The commission which the owner agrees to pay the listing broker (broker representing the landlord), minus the procurement fee, is the amount which the listing broker receives.

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DISCLOSURE:  Some of the definitions of leasing terms in this glossary have been tailored to reflect the common practice in the leasing of smaller-sized commercial properties in Northern California.  These definitions are not intended to be the legal definitions that would typically be used in a legal proceeding.