Agreement Between Landlord And Real Estate Agent Template for Nigeria

The Agreement Between Landlord And Real Estate Agent is a fundamental document used in the Nigerian real estate market when a property owner wishes to engage professional representation for their property. This agreement is essential for establishing clear parameters of the agency relationship, defining the scope of services, and protecting both parties' interests under Nigerian law. It is particularly important given the complexities of the Nigerian property market and varying state-level regulations. The document typically includes detailed provisions for property marketing, tenant screening, commission structures, and optional property management services. It ensures compliance with relevant Nigerian legislation, including the Estate Surveyors and Valuers Act and state-specific real estate regulations. This agreement is commonly used for both residential and commercial properties, and can be adapted for single properties or property portfolios.

1. Parties: Identifies and provides full details of the landlord and the real estate agent, including registration numbers and contact information

2. Background: Explains the context of the agreement, including the landlord's ownership of the property and desire to engage an agent

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Appointment and Authority: Formally establishes the agency relationship and defines the scope of agent's authority

5. Agent's Duties and Responsibilities: Details the services to be provided by the agent, including marketing, tenant screening, and property management duties

6. Landlord's Obligations: Specifies the landlord's responsibilities, including providing necessary information and documentation

7. Commission Structure: Details the agent's compensation, including commission rates, payment terms, and conditions

8. Term and Termination: Specifies the duration of the agreement and conditions for termination

9. Liability and Indemnification: Outlines the allocation of risks and responsibilities between parties

10. Confidentiality: Establishes obligations regarding confidential information

11. Governing Law: Specifies that Nigerian law governs the agreement and identifies relevant jurisdiction

12. Dispute Resolution: Outlines procedures for resolving disputes between parties

13. Entire Agreement: Confirms that the document represents the complete agreement between parties