Exclusive Tenant Brokerage Agreement Template for Philippines

The Exclusive Tenant Brokerage Agreement is a crucial document in Philippine real estate transactions that protects both the broker's interests and the tenant's rights. This agreement is particularly important in the Philippine market where real estate transactions must comply with the Real Estate Service Act (RESA) and related regulations. It is used when a tenant seeks dedicated representation in their property search and wants to benefit from a broker's full attention and services. The agreement typically includes detailed provisions about property requirements, commission structures, and service scope, while ensuring compliance with Philippine broker licensing requirements. It's especially relevant in competitive markets where having exclusive representation can provide advantages in property negotiations and market access.

1. Parties: Identifies the licensed real estate broker and the client (prospective tenant), including their complete legal names, addresses, and licensing details for the broker

2. Background: Explains the context: client seeks to lease property and wants to engage broker's services exclusively

3. Definitions: Defines key terms used in the agreement including 'Exclusive Period', 'Property Requirements', 'Commission', 'Lease Transaction'

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

5. Term and Exclusivity: Specifies the duration of the agreement and confirms the exclusive nature of the arrangement

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

7. Client's Obligations: Outlines client's responsibilities including providing accurate requirements, cooperating with broker, and maintaining exclusivity

8. Commission Structure: Details the broker's compensation, including rate, calculation method, and payment terms

9. Representations and Warranties: Contains statements of fact and guarantees from both parties

10. Confidentiality: Addresses handling of confidential information shared during the engagement

11. Termination: Specifies conditions and process for ending the agreement

12. Governing Law: Confirms Philippine law governs the agreement and specifies jurisdiction

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