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Amendment To Listing Agreement

Amendment To Listing Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Amendment To Listing Agreement

"I need an Amendment to Listing Agreement to extend the listing period of my Dubai commercial property until March 15, 2025, and update the commission structure from 2% to 2.5% to reflect current market rates."

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Document background
The Amendment To Listing Agreement is a critical document used in the UAE real estate market when parties need to modify the terms of their original listing agreement. This document is particularly relevant in dynamic market conditions where listing terms may need adjustment, or when circumstances require changes to property pricing, marketing strategies, or commission structures. It must comply with UAE Federal Laws, specific emirate-level regulations (particularly in Dubai and Abu Dhabi), and RERA requirements. The amendment can cover various modifications including extension of listing period, revision of property details, adjustment of commission rates, or updates to marketing approaches. This document is essential for maintaining legal compliance while adapting to changing market conditions or client requirements in the UAE real estate sector.
Suggested Sections

1. Parties: Identification of all parties to the amendment, including the property owner and the real estate broker/agency

2. Background: Reference to the original Listing Agreement, including its date and key details, and brief context for the amendment

3. Definitions: Key terms used in the amendment, including any new terms not defined in the original agreement

4. Amendment Effective Date: Specific date when the amendments take effect

5. Amendments: Detailed description of each modification to the original agreement, clearly stating both the original and new provisions

6. Ratification: Confirmation that all other terms and conditions of the original agreement remain unchanged

7. Governing Law and Jurisdiction: Confirmation of UAE law application and relevant emirate jurisdiction

8. Execution: Signature blocks for all parties, including any required witnesses

Optional Sections

1. Broker's RERA License Update: Include when there are changes to broker licensing details or registration status

2. Property Description Amendment: Include when there are changes to the property details or listing parameters

3. Commission Structure Modification: Include when there are changes to the commission rates or payment terms

4. Term Extension: Include when modifying the duration of the listing agreement

5. Marketing Terms Amendment: Include when changing the agreed marketing strategy or advertising terms

6. Electronic Execution Provisions: Include when the amendment will be executed electronically

7. Translation Clause: Include when the amendment is executed in multiple languages

Suggested Schedules

1. Schedule A - Modified Property Details: Detailed description of any changes to the property specifications or listing parameters

2. Schedule B - Revised Commission Structure: Detailed breakdown of any modified commission rates, payment terms, or conditions

3. Schedule C - Updated Marketing Plan: Details of any changes to the marketing strategy or advertising approach

4. Schedule D - Regulatory Compliance Documents: Copies of updated RERA licenses or other regulatory documents

5. Appendix 1 - Original Listing Agreement: Copy of the original listing agreement being amended

6. Appendix 2 - Property Documents: Updated property documentation if relevant to the amendment

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























Clauses






















Relevant Industries

Real Estate

Property Development

Property Management

Commercial Real Estate

Residential Real Estate

Real Estate Investment

Property Consulting

Real Estate Brokerage

Luxury Real Estate

Commercial Leasing

Relevant Teams

Legal

Real Estate Operations

Sales

Compliance

Business Development

Property Management

Contracts Administration

Transaction Processing

Document Control

Client Relations

Relevant Roles

Real Estate Broker

Property Manager

Real Estate Agent

Legal Counsel

Contracts Manager

Real Estate Director

Property Consultant

Business Development Manager

Sales Manager

Compliance Officer

Real Estate Operations Manager

Transaction Coordinator

RERA Licensed Professional

Property Portfolio Manager

Real Estate Legal Advisor

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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