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1. Parties: Identifies the property owner (Principal) and the leasing agent (Agent), including full legal names, licenses, and contact details
2. Background: Sets out the context of the agreement, including that the Principal owns/controls the property and wishes to engage the Agent to provide leasing services
3. Definitions: Defines key terms used throughout the agreement, including Property, Services, Commission, Lease Term, etc.
4. Appointment and Scope: Details the official appointment of the Agent and the specific services to be provided
5. Agent's Authority: Clearly defines what the Agent is and is not authorized to do on behalf of the Principal
6. Agent's Obligations: Lists all duties and responsibilities of the Agent, including marketing, showing properties, tenant screening, etc.
7. Principal's Obligations: Outlines the Principal's responsibilities, including providing necessary information and documentation
8. Commission Structure: Details the commission rates, payment terms, and conditions for commission eligibility
9. Term and Termination: Specifies the duration of the agreement and circumstances for termination
10. Compliance with Laws: Requires compliance with UAE real estate laws and regulations
11. Liability and Indemnification: Addresses risk allocation between parties and indemnification obligations
12. Confidentiality: Protects confidential information exchanged during the agency relationship
13. Governing Law and Jurisdiction: Specifies UAE law as governing law and determines jurisdiction for disputes
14. General Provisions: Standard boilerplate clauses including notices, amendments, and entire agreement
1. Exclusivity: Optional clause granting exclusive rights to the Agent for specific properties or areas, used when exclusive agency is agreed
2. Sub-Agents: Provisions regarding the Agent's right to appoint sub-agents, included when sub-agency is permitted
3. Marketing Budget: Details regarding marketing expenses and cost allocation, used when specific marketing arrangements are agreed
4. Performance Targets: Specific performance metrics and consequences, included when parties want to set measurable objectives
5. Insurance Requirements: Detailed insurance obligations, used when specific insurance coverage is required
6. Property Management Services: Additional provisions for property management if agent will provide these services
7. Digital Marketing Rights: Specific provisions for online marketing and social media, used when digital presence is significant
8. Force Majeure: Provisions for unforeseen circumstances, particularly relevant post-COVID
1. Schedule 1 - Property Details: Detailed description of properties covered by the agreement
2. Schedule 2 - Commission Rates: Detailed breakdown of commission structures for different types of transactions
3. Schedule 3 - Services Description: Comprehensive list of services to be provided by the Agent
4. Schedule 4 - Marketing Guidelines: Specific requirements and guidelines for marketing the properties
5. Schedule 5 - Required Licenses: Copies of all required licenses and certifications
6. Appendix A - Standard Operating Procedures: Detailed procedures for handling viewings, applications, and lease processing
7. Appendix B - Reporting Templates: Standard formats for regular reporting to the Principal
8. Appendix C - Power of Attorney: If applicable, formal authorization for the Agent to act on Principal's behalf
Real Estate
Commercial Property
Residential Property
Retail Property
Industrial Property
Hospitality
Mixed-use Development
Property Management
Real Estate Investment
Property Development
Real Estate
Legal
Compliance
Operations
Business Development
Property Management
Asset Management
Contracts Administration
Investment
Risk Management
Client Relations
Real Estate Agent
Property Manager
Leasing Manager
Real Estate Broker
Business Development Manager
Legal Counsel
Compliance Officer
Real Estate Director
Property Owner
Asset Manager
Portfolio Manager
Real Estate Operations Manager
Contracts Manager
Real Estate Partner
Investment Manager
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