The Broker Lease Agreement is essential for formalizing the relationship between property owners and licensed real estate brokers in Singapore's property market. This document is typically used when property owners seek professional assistance in leasing their properties, whether commercial or residential. The agreement outlines the broker's authority to market the property, negotiate with potential tenants, and earn commission upon successful lease execution. It must comply with Singapore's Estate Agents Act, CEA guidelines, and other relevant property laws, making it a crucial document for ensuring legal compliance and protecting the interests of all parties involved.
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Key Requirements PROMPT example:
Broker Lease Agreement
"I need a Broker Lease Agreement for our Singapore property management company to engage a real estate broker for leasing our portfolio of five commercial properties in the Central Business District, with an exclusive arrangement starting March 2025 and including specific performance targets for minimum occupancy rates."
1. Parties: Identification of broker and client, including registration details and licenses
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of broker appointment and services covered
5. Commission Structure: Detailed breakdown of fees and payment terms
6. Obligations and Duties: Responsibilities of both broker and client
7. Term and Termination: Duration and conditions for ending the agreement
8. Confidentiality: Protection of sensitive information
9. Governing Law: Specification of Singapore law as governing law
1. Exclusivity: Terms of exclusive representation (used when broker is granted exclusive rights)
2. Marketing Services: Specific marketing obligations and requirements (used when marketing services are included)
3. Insurance: Insurance requirements and coverage (used when specific insurance provisions are needed)
4. Force Majeure: Provisions for unforeseen circumstances (used when additional protection against external events is needed)
1. Schedule 1: Property Details: Specific details of properties covered by the agreement
2. Schedule 2: Commission Structure: Detailed breakdown of commission calculations
3. Schedule 3: Service Level Agreement: Specific performance metrics and standards
4. Appendix A: Required Forms: Standard CEA forms and documentation
5. Appendix B: Marketing Plan: Detailed marketing strategy and timeline
Authors
Relevant legal definitions
Agreement
Broker
Property
Client
Commission
Exclusive Period
Lease
Lease Term
Licensed Activities
Marketing Period
Effective Date
Services
Property Details
Tenant
Transaction
CEA
Working Day
Confidential Information
Force Majeure Event
Intellectual Property Rights
Marketing Materials
Listing Period
Professional Fees
Rental Income
Security Deposit
Term
Territory
Applicable Laws
Business Day
Commencement Date
Due Diligence
Material Breach
Notice
Permitted Use
Representatives
Standard of Care
Termination Date
Marketing Plan
Property Manager
Service Level Requirements
Broker
Property
Client
Commission
Exclusive Period
Lease
Lease Term
Licensed Activities
Marketing Period
Effective Date
Services
Property Details
Tenant
Transaction
CEA
Working Day
Confidential Information
Force Majeure Event
Intellectual Property Rights
Marketing Materials
Listing Period
Professional Fees
Rental Income
Security Deposit
Term
Territory
Applicable Laws
Business Day
Commencement Date
Due Diligence
Material Breach
Notice
Permitted Use
Representatives
Standard of Care
Termination Date
Marketing Plan
Property Manager
Service Level Requirements
Clauses
Appointment
Scope of Services
Commission
Payment Terms
Marketing Rights
Exclusivity
Duration and Term
Broker Obligations
Client Obligations
Representations and Warranties
Confidentiality
Data Protection
Intellectual Property
Professional Standards
Compliance
Insurance
Indemnification
Limitation of Liability
Force Majeure
Termination
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Amendments
Anti-Money Laundering
Marketing Requirements
Property Access
Record Keeping
Reporting Requirements
Commission Survival
Non-Solicitation
Agency Relationship
Third Party Rights
Waiver
Cost Allocation
Good Faith
Counterparts
Scope of Services
Commission
Payment Terms
Marketing Rights
Exclusivity
Duration and Term
Broker Obligations
Client Obligations
Representations and Warranties
Confidentiality
Data Protection
Intellectual Property
Professional Standards
Compliance
Insurance
Indemnification
Limitation of Liability
Force Majeure
Termination
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Amendments
Anti-Money Laundering
Marketing Requirements
Property Access
Record Keeping
Reporting Requirements
Commission Survival
Non-Solicitation
Agency Relationship
Third Party Rights
Waiver
Cost Allocation
Good Faith
Counterparts
Relevant Industries
Relevant Teams
Relevant Roles
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