Buyer Tenant Representation Agreement for Canada

Buyer Tenant Representation Agreement Template for Canada

This document is a legally binding agreement under Canadian law that establishes a professional relationship between a real estate brokerage/agent and a client seeking to lease commercial property. It outlines the terms and conditions under which the real estate professional will represent the client's interests in finding and securing suitable leased premises. The agreement details the scope of services, compensation structure, duration of representation, and mutual obligations of both parties, while ensuring compliance with provincial real estate regulations and professional standards.

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What is a Buyer Tenant Representation Agreement?

The Buyer Tenant Representation Agreement is a crucial document in Canadian commercial real estate transactions that formalizes the relationship between a real estate professional and a client seeking to lease property. This agreement is typically used when businesses or organizations require professional assistance in finding and securing suitable commercial space for lease. It provides legal protection for both parties by clearly defining the scope of services, compensation terms, and respective obligations. The document ensures compliance with provincial real estate regulations and professional standards while establishing exclusive representation rights. It includes detailed provisions for property search parameters, negotiation services, and commission structures, making it essential for maintaining transparency and professional accountability in commercial lease transactions.

What sections should be included in a Buyer Tenant Representation Agreement?

1. Parties: Identifies and provides full legal details of the real estate brokerage/agent and the client seeking tenant representation

2. Background: Establishes the context of the agreement, including the client's intention to lease property and the agent's qualifications

3. Definitions: Defines key terms used throughout the agreement including 'Property Requirements', 'Service Period', 'Commission', etc.

4. Appointment and Authorization: Formally establishes the agency relationship and authorizes the agent to act on behalf of the client

5. Term of Agreement: Specifies the duration of the agreement, including start and end dates

6. Services to be Provided: Details the specific services the agent will provide, including property search, negotiations, and advisory services

7. Agent's Obligations: Lists the duties and responsibilities of the agent, including fiduciary duties and specific performance requirements

8. Client's Obligations: Outlines the client's responsibilities, including providing accurate information and cooperating with the agent

9. Compensation: Details the fee structure, including commission rates, payment timing, and any additional charges

10. Confidentiality: Addresses the handling of confidential information by both parties

11. Termination: Specifies conditions and procedures for ending the agreement

12. General Provisions: Standard clauses including governing law, entire agreement, amendments, and notices

What sections are optional to include in a Buyer Tenant Representation Agreement?

1. Multiple Markets Coverage: Include when the client is seeking properties across multiple geographic markets

2. Property Management Services: Include when the agent will provide additional property management advisory services

3. Construction/Renovation Consultation: Include when the agent will advise on property improvements or modifications

4. Environmental Assessment Requirements: Include when the client requires specific environmental standards for potential properties

5. Holdover Period: Include when there's a need to address commission obligations for transactions completed after agreement termination

6. Sub-Agency Provisions: Include when other agents may be involved in providing services

7. International Considerations: Include when the client is an international entity requiring specific provisions

What schedules should be included in a Buyer Tenant Representation Agreement?

1. Schedule A - Property Requirements: Detailed specifications of the client's property requirements including size, location, budget, and features

2. Schedule B - Fee Structure: Detailed breakdown of all fees, commissions, and payment terms

3. Schedule C - Services Description: Comprehensive list of all services to be provided under the agreement

4. Schedule D - Excluded Properties: List of properties excluded from the agreement due to prior negotiations or other factors

5. Appendix 1 - Agent Qualifications: Documentation of agent's licenses, certifications, and relevant experience

6. Appendix 2 - Client Authority Confirmation: Corporate resolutions or other documentation confirming signing authority

7. Appendix 3 - Market Report: Initial market analysis and property availability assessment

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 Industries

Real Estate

Commercial Property

Retail

Professional Services

Manufacturing

Technology

Healthcare

Financial Services

Education

Hospitality

Logistics

Entertainment

Non-Profit

Relevant Teams

Real Estate

Legal

Operations

Finance

Facilities Management

Business Development

Procurement

Corporate Services

Risk Management

Expansion

Property Management

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Real Estate Manager

Facilities Manager

Operations Director

Business Development Manager

Property Manager

Real Estate Agent

Real Estate Broker

Commercial Leasing Agent

Corporate Counsel

Legal Counsel

Procurement Manager

Location Planning Manager

Expansion Director

Regional 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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