Broker Lease Agreement Template for Indonesia

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Key Requirements PROMPT example:

Broker Lease Agreement

"I need a Broker Lease Agreement for my retail shopping complex in Jakarta, with exclusive rights for the broker to lease multiple units, including specific provisions for commission structure based on lease duration and tenant type."

Document background
The Broker Lease Agreement is essential for property owners in Indonesia who wish to engage professional real estate brokers to market and lease their properties. This document is particularly relevant in Indonesia's dynamic real estate market, where proper documentation and clear authority delegation are crucial. The agreement ensures compliance with Indonesian regulations, including the Civil Code (KUHPerdata) and Ministry of Trade requirements for property transactions. It sets out the broker's authority to market the property, screen potential tenants, negotiate terms, and details the commission structure. The document is designed to protect both the property owner's interests and the broker's right to compensation, while ensuring transparency in the leasing process. This agreement type is commonly used in both commercial and residential property transactions throughout Indonesia, particularly in major business centers like Jakarta, Surabaya, and Bali.
Suggested Sections

1. Parties: Identification of all parties: the broker, property owner, and where applicable, the property management company

2. Background: Context of the agreement, including the owner's intention to lease the property and appointment of the broker

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

4. Appointment and Authority: Formal appointment of the broker and scope of authority granted by the property owner

5. Broker's Services and Obligations: Detailed description of services to be provided by the broker, including marketing, showing property, tenant screening, etc.

6. Property Owner's Obligations: Property owner's responsibilities, including providing accurate information, access to property, and necessary documentation

7. Commission Structure: Details of broker's compensation, payment terms, and conditions for commission earning

8. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

9. Representations and Warranties: Statements of fact and guarantees by both parties regarding their authority, the property, and compliance with laws

10. Liability and Indemnification: Allocation of risks and responsibilities between parties

11. Confidentiality: Obligations regarding confidential information handling

12. Governing Law and Dispute Resolution: Specification of Indonesian law as governing law and method of resolving disputes

13. General Provisions: Standard clauses including notices, amendments, assignment, and severability

Optional Sections

1. Exclusive Rights: Used when the broker is granted exclusive rights to market and lease the property

2. Sub-Agents: Include when the broker is permitted to appoint sub-agents or cooperate with other brokers

3. Marketing Budget: Required when specific marketing expenses are to be shared or reimbursed by the property owner

4. Multiple Properties: Include when the agreement covers multiple properties under the same owner

5. Property Management Services: Used when the broker also provides property management services beyond lease procurement

6. Digital Marketing Provisions: Include specific terms for online marketing and virtual showings

7. Force Majeure: Specific provisions for unforeseen circumstances affecting the broker's ability to perform services

Suggested Schedules

1. Schedule A - Property Details: Detailed description of the property, including address, size, facilities, and condition

2. Schedule B - Commission Structure: Detailed breakdown of commission calculations, payment terms, and special circumstances

3. Schedule C - Marketing Plan: Detailed marketing strategy and activities to be undertaken by the broker

4. Schedule D - Required Documentation: List of documents required from property owner and/or potential tenants

5. Schedule E - Property Owner's Guidelines: Specific requirements or preferences set by the property owner for potential tenants

6. Appendix 1 - Power of Attorney: If required, formal authorization for the broker to act on behalf of the property owner

7. Appendix 2 - Property Photographs: Official photographs and floor plans of the property

8. Appendix 3 - Standard Lease Template: Approved template for lease agreements to be used with potential tenants

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

Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Commercial Property

Residential Property

Retail Property

Industrial Property

Hospitality

Office Space

Mixed-Use Development

Warehouse and Logistics

Shopping Centers and Retail Spaces

Relevant Teams

Legal

Real Estate

Property Management

Operations

Compliance

Finance

Business Development

Facilities Management

Contract Administration

Risk Management

Relevant Roles

Real Estate Broker

Property Manager

Leasing Manager

Real Estate Agent

Property Owner

Asset Manager

Facilities Manager

Legal Counsel

Compliance Officer

Business Development Manager

Real Estate Director

Contract Administrator

Property Portfolio Manager

Real Estate Operations 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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