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Property Finders Fee Agreement
"I need a Property Finder's Fee Agreement for my Lagos residential property, with a 2% commission rate and 6-month exclusivity period starting January 2025, including provisions for international buyer introductions."
1. Parties: Identifies and provides full details of the Principal (property owner/seller) and the Finder, including registration numbers if applicable
2. Background: Explains the context of the agreement, including the Principal's desire to find a buyer/tenant and the Finder's expertise in property matters
3. Definitions: Defines key terms used in the agreement including 'Property', 'Fee', 'Successful Transaction', 'Introduced Party'
4. Appointment and Scope: Details the appointment of the Finder and specifies the exact services to be provided
5. Property Details: Specifies the property or properties covered by the agreement
6. Finder's Fee Structure: Details the fee calculation method, payment terms, and conditions for when the fee becomes payable
7. Finder's Obligations: Lists the specific duties and responsibilities of the Finder
8. Principal's Obligations: Outlines the responsibilities and commitments of the Principal
9. Term and Termination: Specifies the duration of the agreement and circumstances for termination
10. Confidentiality: Establishes confidentiality obligations regarding property and transaction details
11. Governing Law: Specifies Nigerian law as governing law and jurisdiction for disputes
12. Execution: Formal signing section with date and witness provisions
1. Exclusivity: Optional clause defining whether the Finder has exclusive rights - used when exclusivity is granted
2. Multiple Properties: Additional terms for agreements covering multiple properties - used when more than one property is involved
3. Sub-Agents: Terms governing the use of sub-agents - used when the Finder may need to engage other agents
4. International Transactions: Additional provisions for international buyers - used when targeting foreign investors
5. Marketing Authorization: Specific permissions for marketing activities - used when the Finder will conduct marketing
6. Commission Sharing: Terms for sharing commission with other agents - used in co-broker situations
7. Force Majeure: Provisions for unforeseen circumstances - used in longer-term agreements
8. Anti-Money Laundering Compliance: Specific AML obligations - used in high-value transactions
1. Schedule 1 - Property Details: Detailed description of the property/properties, including location, title details, and specifications
2. Schedule 2 - Fee Structure: Detailed breakdown of fees, including calculations, examples, and payment schedules
3. Schedule 3 - Required Documentation: List of documents required from potential buyers/tenants
4. Schedule 4 - Marketing Guidelines: Specific guidelines for how the property may be marketed
5. Appendix A - Property Photos and Plans: Visual documentation of the property
6. Appendix B - Proof of Ownership: Copies of title documents or proof of authority to sell/lease
Authors
Real Estate
Property Development
Construction
Commercial Property
Residential Property
Property Investment
Real Estate Finance
Property Management
Hospitality
Retail
Real Estate
Legal
Business Development
Property Management
Acquisitions
Investment
Commercial
Contracts Administration
Operations
Finance
Real Estate Agent
Property Finder
Estate Surveyor
Property Manager
Real Estate Development Manager
Investment Manager
Property Acquisition Manager
Real Estate Broker
Business Development Manager
Legal Counsel
Contracts Manager
Commercial Director
Chief Investment Officer
Real Estate Portfolio Manager
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