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The Leasing Agency Agreement is a crucial document used in Hong Kong's real estate market when property owners wish to engage professional services for leasing their properties. It establishes the formal relationship between the property owner (whether individual or corporate) and the leasing agency, detailing the scope of services, commission structures, and mutual obligations. This agreement is essential for compliance with Hong Kong's Estate Agents Ordinance (Cap. 511) and related regulations, providing legal protection for both parties while ensuring professional standards are maintained. The document typically includes comprehensive provisions for marketing strategies, tenant screening, commission calculations, and termination rights, making it suitable for both commercial and residential properties.

1. Parties: Identification of the property owner (Principal) and the leasing agency (Agent), including full legal names, addresses, and registration details

2. Background: Context of the agreement, including brief description of the property and the owner's intention to engage the agency

3. Definitions: Key terms used throughout the agreement, including 'Property', 'Services', 'Commission', 'Lease', 'Tenant'

4. Appointment and Scope: Formal appointment of the agent and detailed scope of services to be provided

5. Term of Agreement: Duration of the agency agreement, including start date and end date or renewal provisions

6. Agent's Obligations: Detailed responsibilities of the agent, including marketing, showing property, tenant screening, and regulatory compliance

7. Principal's Obligations: Property owner's responsibilities, including providing accurate information and maintaining the property

8. Commission Structure: Detailed breakdown of agency fees, payment terms, and conditions for commission earning

9. Marketing and Advertising: Agreed approach to property marketing, including types of advertising and associated costs

10. Compliance with Laws: Commitment to comply with relevant Hong Kong laws and regulations

11. Liability and Indemnity: Allocation of risks and responsibilities between parties

12. Termination: Grounds and procedures for terminating the agreement

13. Notices: Methods and addresses for formal communications between parties

14. Governing Law: Specification of Hong Kong law as governing law and jurisdiction

15. Execution: Signature blocks and execution formalities