Property Finders Fee Agreement Template for Canada

The Property Finder's Fee Agreement is essential when engaging professional services to locate specific types of property in Canada. This document is commonly used when a client requires specialized assistance in finding properties that meet particular criteria but doesn't want to engage a traditional real estate agent. The agreement defines the relationship between the finder and the client, establishing clear parameters for the property search, including location, size, price range, and specific features. It details the finder's fee structure, usually a percentage of the property price or a flat fee, and specifies when and how the fee becomes payable. The document ensures compliance with provincial real estate regulations and provides legal protection for both parties throughout the property search process.

1. Parties: Identification of the client and the finder, including full legal names and addresses

2. Background: Context of the agreement, including the client's desire to find specific property and the finder's capability to provide such services

3. Definitions: Key terms used throughout the agreement, including 'Property', 'Finder's Fee', 'Successfully Located Property', etc.

4. Scope of Services: Detailed description of the finder's services, including property search criteria and reporting obligations

5. Property Requirements: Specific details of the type of property being sought, including location, size, price range, and other key criteria

6. Finder's Fee Structure: Clear terms of compensation, including fee calculation method, timing of payment, and any conditions precedent

7. Term and Termination: Duration of the agreement and circumstances under which it can be terminated by either party

8. Exclusivity: Whether the finder has exclusive rights to represent the client in finding the specified property

9. Confidentiality: Obligations regarding confidential information shared during the property search process

10. Representations and Warranties: Standard declarations by both parties regarding their capacity and authority

11. Governing Law: Specification of applicable Canadian province law governing the agreement

12. Execution: Signature blocks and execution requirements