Leasing Agent Contract for Canada

Leasing Agent Contract Template for Canada

This document establishes the legal and professional relationship between a real estate brokerage or property management company and a leasing agent in Canada. It outlines the terms of engagement, compensation structure, duties and responsibilities, compliance requirements, and operational procedures in accordance with Canadian federal laws and provincial real estate regulations. The contract ensures compliance with the Real Estate and Business Brokers Act (REBBA) and relevant provincial real estate acts, while addressing crucial aspects such as commission structures, client relationships, confidentiality obligations, and professional standards.

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What is a Leasing Agent Contract?

The Leasing Agent Contract serves as the foundational document governing the professional relationship between real estate brokerages or property management companies and their leasing agents in Canada. This document is essential when engaging new leasing agents or updating terms with existing agents, ensuring compliance with federal and provincial real estate regulations. The contract comprehensively addresses key aspects including licensing requirements, commission structures, professional obligations, client relationship management, and compliance with real estate laws. It incorporates provisions for both residential and commercial property leasing activities, while adhering to provincial real estate acts and federal privacy laws. The document is structured to protect both parties' interests while promoting professional standards in the real estate industry.

What sections should be included in a Leasing Agent Contract?

1. Parties: Identifies the contracting parties - the brokerage/agency and the leasing agent, including full legal names and contact information

2. Background: Context of the agreement, including the brokerage's business and the agent's qualifications

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

4. Appointment and Scope: Formal appointment of the agent and definition of their authorized activities

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

6. Agent's Duties and Responsibilities: Detailed listing of the agent's obligations, including compliance with laws and professional standards

7. Brokerage's Duties: Obligations of the brokerage, including support services and training provided

8. Compensation Structure: Commission rates, payment terms, and conditions for earning commissions

9. Compliance Requirements: Legal and regulatory requirements the agent must follow

10. Confidentiality: Obligations regarding confidential information and client data

11. Non-Solicitation: Restrictions on soliciting clients or employees during and after the agreement

12. Insurance and Liability: Insurance requirements and allocation of liability

13. Governing Law: Applicable law and jurisdiction for dispute resolution

14. Entire Agreement: Standard clause confirming the agreement represents the complete understanding between parties

What sections are optional to include in a Leasing Agent Contract?

1. Training Requirements: Specific training obligations and professional development requirements - include when the brokerage has a formal training program

2. Marketing Support: Details of marketing resources provided by the brokerage - include when the brokerage offers significant marketing assistance

3. Team Structure: Guidelines for working within or leading a team - include when the agent will be part of or leading a team

4. Performance Targets: Specific performance expectations and consequences - include when the brokerage uses performance-based retention

5. Remote Work Provisions: Guidelines for remote work arrangements - include when remote work is permitted

6. Technology Requirements: Specific technology tools and systems to be used - include when the brokerage requires use of specific platforms

7. Mentorship Program: Details of any mentorship arrangements - include for new agents or formal mentorship programs

What schedules should be included in a Leasing Agent Contract?

1. Schedule A - Commission Structure: Detailed breakdown of commission rates, splits, and bonus structures

2. Schedule B - Approved Marketing Materials: Templates and guidelines for marketing materials and brand usage

3. Schedule C - Technology Systems and Access: List of provided technology tools and access credentials

4. Schedule D - Territory Assignment: Definition of any geographic or property-type restrictions

5. Schedule E - Required Insurance Coverage: Specific insurance requirements and minimum coverage amounts

6. Appendix 1 - Compliance Checklist: Checklist of regulatory requirements and compliance procedures

7. Appendix 2 - Office Policies: Detailed brokerage policies and procedures

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

Agency Agreement

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Property Management

Commercial Real Estate

Residential Real Estate

Retail Property

Office Property

Industrial Property

Multi-family Residential

Property Development

Property Investment

Relevant Teams

Legal

Real Estate Operations

Property Management

Human Resources

Compliance

Finance

Business Development

Leasing Operations

Agent Support

Training and Development

Relevant Roles

Leasing Agent

Property Manager

Real Estate Broker

Rental Property Agent

Commercial Leasing Consultant

Residential Leasing Specialist

Real Estate Agent

Leasing Manager

Real Estate Sales Representative

Property Leasing Coordinator

Real Estate Broker of Record

Commercial Property Agent

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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