The Lease Commission Agreement serves as a crucial document in property leasing transactions within England and Wales. It is used when property owners wish to engage professional agents to market and secure tenants for their properties. The agreement specifically details commission structures, payment triggers, and service scope, ensuring clarity and legal protection for all parties involved. This contract type is essential for professional estate agency services and must comply with the Estate Agents Act 1979 and related regulations. The agreement typically includes provisions for both successful lease completions and any subsequent renewals or extensions.
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1. Parties: Identification and details of contracting parties
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Appointment: Terms of agent appointment and scope of services
5. Commission Structure: Detail of fees, rates and payment terms
6. Payment Terms: Timeline and method of commission payments
7. Obligations of Agent: Agent's duties and responsibilities
8. Obligations of Principal: Principal's duties and responsibilities
9. Term and Termination: Duration and termination provisions
10. Governing Law: Applicable law and jurisdiction
1. Exclusivity: Exclusive rights provisions, used when agent has sole rights
2. Sub-Agents: Terms for appointing sub-agents when delegation is permitted
3. Insurance: Insurance requirements for high-value properties or complex arrangements
4. Data Protection: Specific data handling provisions when significant personal data processing is involved
1. Schedule 1 - Property Details: Specific details of property/properties covered
2. Schedule 2 - Commission Rates: Detailed breakdown of commission structure
3. Schedule 3 - Services: Detailed scope of services to be provided
4. Appendix A - Required Documentation: List of required documents and forms
5. Appendix B - Marketing Plan: Optional marketing strategy and activities
Relevant legal definitions
Clauses
Appointment
Scope of Services
Commission
Payment Terms
Exclusivity
Agent's Obligations
Principal's Obligations
Representations and Warranties
Term and Duration
Termination
Confidentiality
Data Protection
Intellectual Property
Non-Solicitation
Force Majeure
Assignment
Notices
Entire Agreement
Variation
Severability
Waiver
Third Party Rights
Anti-Bribery and Corruption
Dispute Resolution
Governing Law and Jurisdiction
Scope of Services
Commission
Payment Terms
Exclusivity
Agent's Obligations
Principal's Obligations
Representations and Warranties
Term and Duration
Termination
Confidentiality
Data Protection
Intellectual Property
Non-Solicitation
Force Majeure
Assignment
Notices
Entire Agreement
Variation
Severability
Waiver
Third Party Rights
Anti-Bribery and Corruption
Dispute Resolution
Governing Law and Jurisdiction
Relevant Industries
Relevant Teams
Relevant Roles
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