Agreement Between Landlord And Real Estate Agent for Canada

Agreement Between Landlord And Real Estate Agent Template for Canada

A comprehensive legal agreement governed by Canadian real estate law that establishes the professional relationship between a property owner (landlord) and a licensed real estate agent or brokerage firm. The document outlines the scope of property management services, responsibilities of both parties, compensation structure, and compliance requirements with provincial real estate regulations. It includes specific provisions for property marketing, tenant management, maintenance oversight, financial reporting, and risk management, while ensuring adherence to provincial real estate acts and professional standards.

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What is a Agreement Between Landlord And Real Estate Agent?

The Agreement Between Landlord And Real Estate Agent is a crucial document used in Canadian real estate practice when property owners wish to delegate the management and leasing of their properties to professional real estate agents. This agreement is particularly relevant in situations where landlords seek professional assistance in managing their property investments, whether residential or commercial. The document encompasses essential elements including service scope, authority delegation, compensation structures, and compliance with provincial real estate regulations and professional standards. It's designed to protect both parties' interests while ensuring clear communication and expectations in property management operations. The agreement must comply with provincial real estate acts, privacy laws, and professional regulations governing real estate services in Canada. It's especially important for non-resident property owners or those managing multiple properties who require local professional representation.

What sections should be included in a Agreement Between Landlord And Real Estate Agent?

1. Parties: Identification of the landlord and the real estate agent/brokerage, including full legal names, business addresses, and licensing details

2. Background: Context of the agreement, including the landlord's ownership of property(ies) and desire to engage the agent for property management services

3. Definitions: Key terms used throughout the agreement, including 'Property', 'Services', 'Commission', 'Tenant', etc.

4. Appointment and Authority: Formal appointment of the agent and scope of authority granted by the landlord

5. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination by either party

6. Agent's Services and Obligations: Detailed description of services to be provided, including marketing, tenant screening, rent collection, property maintenance oversight

7. Landlord's Obligations: Responsibilities of the landlord, including providing necessary information, maintaining insurance, and property maintenance budget

8. Compensation: Fee structure, commission rates, payment terms, and reimbursement of expenses

9. Insurance and Liability: Insurance requirements and allocation of liability between parties

10. Compliance with Laws: Obligation to comply with relevant real estate and tenancy laws

11. Confidentiality: Protection of confidential information and privacy requirements

12. Dispute Resolution: Process for resolving disputes between parties

13. General Provisions: Standard clauses including notices, assignment, entire agreement, and governing law

What sections are optional to include in a Agreement Between Landlord And Real Estate Agent?

1. Multiple Property Management: Additional terms for managing multiple properties, used when the landlord has a portfolio of properties

2. Specialized Services: Terms for additional services like renovation management or property development consulting

3. International Owner Provisions: Special terms for non-resident landlords, including tax considerations and power of attorney

4. Property Management Software: Terms regarding the use of specific property management software or platforms

5. Emergency Services: Special provisions for emergency property management services outside normal business hours

6. Sub-Agency Authorization: Terms allowing the agent to appoint sub-agents or contractors

7. Marketing Budget and Strategy: Detailed marketing terms and budget allocation, used for high-end properties or challenging markets

What schedules should be included in a Agreement Between Landlord And Real Estate Agent?

1. Schedule A - Property Details: Detailed description of the property(ies) covered by the agreement, including addresses and specific features

2. Schedule B - Fee Schedule: Detailed breakdown of all fees, commissions, and charges

3. Schedule C - Service Level Agreement: Specific performance metrics and service standards

4. Schedule D - Maintenance Contractor List: Approved contractors and service providers for property maintenance

5. Schedule E - Property Management Procedures: Detailed procedures for routine property management tasks

6. Appendix 1 - Required Forms: Standard forms used in property management, including lease templates and inspection reports

7. Appendix 2 - Insurance Requirements: Detailed insurance requirements and coverage specifications

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Canada

Publisher

Genie AI

Document Type

Broker Agreement

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Property Management

Residential Property

Commercial Property

Professional Services

Property Investment

Rental and Leasing

Relevant Teams

Legal

Real Estate Operations

Property Management

Asset Management

Compliance

Contract Administration

Risk Management

Leasing

Property Maintenance

Financial Services

Relevant Roles

Property Manager

Real Estate Agent

Real Estate Broker

Property Owner

Leasing Manager

Asset Manager

Real Estate Operations Manager

Property Management Director

Compliance Officer

Real Estate Legal Counsel

Portfolio Manager

Building Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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