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Rental Broker Agreement
1. Parties: Identification of the property owner and the broker, including business registration numbers, addresses, and contact details
2. Background: Brief context about the property owner's intention to rent out property and the broker's business as a licensed rental property broker
3. Definitions: Key terms used throughout the agreement including 'Property', 'Services', 'Commission', 'Tenant', etc.
4. Appointment and Scope of Services: Details of the broker's appointment and comprehensive list of services to be provided
5. Broker's Obligations: Detailed responsibilities including marketing, showing properties, tenant screening, and documentation handling
6. Property Owner's Obligations: Requirements for providing accurate information, access to properties, and timely responses
7. Commission and Payment Terms: Structure of broker's fees, payment timing, and conditions for commission earning
8. Term and Termination: Duration of the agreement, renewal terms, and termination conditions
9. Confidentiality: Obligations regarding confidential information handling and data protection compliance
10. Liability and Indemnification: Scope of broker's liability, professional indemnity insurance, and limitation of liability provisions
11. General Provisions: Standard clauses including governing law, jurisdiction, entire agreement, and amendments
1. Exclusivity: Optional clause defining whether the broker has exclusive rights to market and lease the properties - used when exclusive arrangements are agreed
2. Marketing Budget: Detailed provisions about marketing expenditure and cost sharing - included when specific marketing budgets are agreed
3. Property Management Services: Additional services beyond basic brokerage - included when the broker also provides property management
4. Performance Targets: Specific rental targets or performance metrics - used in larger portfolio arrangements
5. Sub-Agents: Provisions for appointment of sub-agents or partnering with other brokers - used in larger market areas
6. Insurance Requirements: Specific insurance requirements beyond standard professional indemnity - used for high-value properties
7. Anti-Money Laundering Compliance: Detailed AML procedures - included for high-value transactions or when dealing with corporate clients
1. Schedule 1 - Property Details: List and details of properties covered by the agreement
2. Schedule 2 - Commission Structure: Detailed breakdown of commission rates and calculation methods
3. Schedule 3 - Service Level Agreement: Specific performance standards and response times
4. Schedule 4 - Marketing Guidelines: Approved marketing methods and materials
5. Schedule 5 - Required Documentation: List of required documents for property listing and tenant screening
6. Appendix A - Power of Attorney: If broker is authorized to sign certain documents on owner's behalf
7. Appendix B - Broker's License and Insurance: Copies of broker's professional licenses and insurance certificates
Authors
Broker
Property Owner
Services
Property
Commission
Marketing Materials
Lease
Tenant
Market Rent
Term
Effective Date
Termination Date
Business Day
Confidential Information
Force Majeure
Intellectual Property Rights
Marketing Period
Professional Standards
Rental Income
Security Deposit
Service Level Requirements
Successful Letting
Territory
Viewing
Working Hours
Applicable Law
Due Diligence
Exclusive Rights
Lease Agreement
Licensed Activities
Marketing Plan
Personal Data
Professional Indemnity Insurance
Property Documentation
Property Portfolio
Prospective Tenant
Rental Period
Sub-Agent
Transaction
Scope of Services
Exclusivity
Commission
Payment Terms
Property Marketing
Broker Obligations
Property Owner Obligations
Representations and Warranties
Professional Standards
Liability
Indemnification
Insurance
Confidentiality
Data Protection
Intellectual Property
Term
Termination
Force Majeure
Assignment
Notices
Amendments
Severability
Entire Agreement
Governing Law
Dispute Resolution
Anti-Money Laundering
Compliance
Sub-Contracting
Record Keeping
Property Access
Marketing Budget
Service Levels
Performance Standards
Reporting Requirements
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