Buyer Tenant Representation Agreement Template for Philippines

1. Parties: Identifies and provides complete details of the Principal (prospective tenant/buyer) and the Real Estate Broker/Agency

2. Background: Explains the context of the agreement, including the Principal's intention to lease/purchase property and the Broker's qualifications

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

4. Appointment and Scope of Services: Details the exclusive appointment of the broker and comprehensive list of services to be provided

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

6. Broker's Obligations: Lists all duties and responsibilities of the broker, including property search, negotiations, and advisory services

7. Principal's Obligations: Outlines the client's responsibilities, including providing accurate information and cooperating with the broker

8. Compensation: Details the broker's fees, commission structure, and payment terms

9. Confidentiality: Addresses the handling and protection of confidential information shared during the engagement

10. Representations and Warranties: Contains statements of fact and promises made by both parties

11. Limitation of Liability: Defines the extent and limitations of the broker's liability

12. General Provisions: Includes standard clauses such as governing law, notices, and entire agreement

1. Schedule A - Service Level Agreement: Detailed breakdown of services to be provided and associated timelines

2. Schedule B - Fee Structure: Detailed breakdown of all fees, commissions, and payment terms

3. Schedule C - Property Requirements: Detailed specifications of the type, size, location, and features of properties to be considered

4. Schedule D - Authorized Representatives: List of authorized representatives from both parties who can make decisions

5. Schedule E - Excluded Properties: List of properties excluded from the agreement

6. Appendix 1 - Required Documents: List of documents required from the Principal for property transactions

7. Appendix 2 - Broker's Credentials: Copies of broker's license, certifications, and relevant credentials

8. Appendix 3 - Standard Forms: Standard forms and templates to be used during the engagement