Agreement Between Landlord And Letting Agent Template for Philippines

1. Parties: Identification of the Landlord and the Letting Agent, including complete legal names, addresses, and registration details of the agent under RESA Law

2. Background: Context of the agreement, including brief description of the property portfolio and the intention to appoint a letting agent

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

4. Appointment and Term: Formal appointment of the agent, duration of the agreement, and renewal terms

5. Agent's Services and Responsibilities: Comprehensive list of services to be provided by the agent, including marketing, tenant screening, rent collection, etc.

6. Landlord's Obligations: Responsibilities of the landlord, including providing necessary documentation, maintaining the property, and cooperating with the agent

7. Commission Structure: Detailed breakdown of agent's fees, commission rates, and payment terms

8. Marketing and Advertising: Specifications for property marketing, including permitted methods and cost responsibilities

9. Tenant Management: Procedures for tenant selection, screening, and management

10. Financial Management: Handling of rent collection, deposits, and financial reporting

11. Termination: Conditions and procedures for terminating the agreement by either party

12. Liability and Indemnification: Scope of agent's liability and indemnification provisions

13. Governing Law: Specification of Philippine law as governing law and jurisdiction

14. Notices: Process for formal communications between parties

15. General Provisions: Standard clauses including severability, entire agreement, and amendments

1. Schedule A - Property Details: Detailed description of property/properties covered by the agreement

2. Schedule B - Commission Rates: Detailed breakdown of commission structures and calculation methods

3. Schedule C - Services Scope: Comprehensive list of included and excluded services

4. Schedule D - Approved Contractors: List of pre-approved maintenance contractors and service providers

5. Schedule E - Reporting Templates: Standard formats for financial and property management reports

6. Schedule F - Marketing Guidelines: Specific requirements and standards for property marketing

7. Appendix 1 - Required Documentation: List of required certificates, permits, and documentation

8. Appendix 2 - Emergency Contact Information: Contact details for emergency situations and escalation procedures