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The Leasing Agency Agreement is a crucial document used when a property owner wishes to engage a professional real estate agency to handle the leasing of their property in Malaysia. This agreement is essential for both commercial and residential properties, providing a legally binding framework that defines the scope of the agency's authority, responsibilities, and compensation structure. It ensures compliance with Malaysian regulations, including the Valuers, Appraisers, Estate Agents and Property Managers Act 1981 and related property laws. The document typically covers various aspects such as marketing obligations, commission terms, service standards, and dispute resolution mechanisms, making it suitable for different types of properties and leasing arrangements. It protects both parties' interests while establishing clear operational guidelines and performance expectations.

1. Parties: Identification of the property owner/landlord and the leasing agency, including full legal names and addresses

2. Background: Context of the agreement, including brief description of the property and purpose of engaging the agency

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Formal appointment of the agency, nature of appointment (exclusive/non-exclusive), and duration

5. Scope of Services: Detailed description of services to be provided by the leasing agency

6. Agency's Obligations: Specific duties and responsibilities of the leasing agency

7. Property Owner's Obligations: Specific duties and responsibilities of the property owner

8. Fees and Commission Structure: Detailed breakdown of fees, commission rates, and payment terms

9. Marketing and Advertising: Terms regarding property marketing, advertising responsibilities, and cost allocation

10. Compliance and Regulatory Requirements: Obligations regarding legal compliance, licenses, and regulatory requirements

11. Confidentiality: Protection of confidential information and trade secrets

12. Liability and Indemnification: Allocation of risks and responsibilities between parties

13. Termination: Conditions and procedures for ending the agreement

14. Governing Law and Jurisdiction: Specification of Malaysian law as governing law and jurisdiction for disputes

15. General Provisions: Standard boilerplate clauses including notices, amendments, and entire agreement