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Rental Broker Agreement
1. Parties: Identification of the property owner and the broker, including business registration numbers, addresses, and contact details
2. Background: Brief context about the property owner's intention to rent out property and the broker's business as a licensed rental property broker
3. Definitions: Key terms used throughout the agreement including 'Property', 'Services', 'Commission', 'Tenant', etc.
4. Appointment and Scope of Services: Details of the broker's appointment and comprehensive list of services to be provided
5. Broker's Obligations: Detailed responsibilities including marketing, showing properties, tenant screening, and documentation handling
6. Property Owner's Obligations: Requirements for providing accurate information, access to properties, and timely responses
7. Commission and Payment Terms: Structure of broker's fees, payment timing, and conditions for commission earning
8. Term and Termination: Duration of the agreement, renewal terms, and termination conditions
9. Confidentiality: Obligations regarding confidential information handling and data protection compliance
10. Liability and Indemnification: Scope of broker's liability, professional indemnity insurance, and limitation of liability provisions
11. General Provisions: Standard clauses including governing law, jurisdiction, entire agreement, and amendments
1. Exclusivity: Optional clause defining whether the broker has exclusive rights to market and lease the properties - used when exclusive arrangements are agreed
2. Marketing Budget: Detailed provisions about marketing expenditure and cost sharing - included when specific marketing budgets are agreed
3. Property Management Services: Additional services beyond basic brokerage - included when the broker also provides property management
4. Performance Targets: Specific rental targets or performance metrics - used in larger portfolio arrangements
5. Sub-Agents: Provisions for appointment of sub-agents or partnering with other brokers - used in larger market areas
6. Insurance Requirements: Specific insurance requirements beyond standard professional indemnity - used for high-value properties
7. Anti-Money Laundering Compliance: Detailed AML procedures - included for high-value transactions or when dealing with corporate clients
1. Schedule 1 - Property Details: List and details of properties covered by the agreement
2. Schedule 2 - Commission Structure: Detailed breakdown of commission rates and calculation methods
3. Schedule 3 - Service Level Agreement: Specific performance standards and response times
4. Schedule 4 - Marketing Guidelines: Approved marketing methods and materials
5. Schedule 5 - Required Documentation: List of required documents for property listing and tenant screening
6. Appendix A - Power of Attorney: If broker is authorized to sign certain documents on owner's behalf
7. Appendix B - Broker's License and Insurance: Copies of broker's professional licenses and insurance certificates
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