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The Real Estate Agent Rental Agreement is a crucial document used in the Philippine real estate market when property owners wish to engage professional services for renting out their properties. This agreement, governed by Philippine law including the Real Estate Service Act of 2009 (RA 9646), establishes the terms of engagement between property owners and licensed real estate agents. It is particularly important in ensuring compliance with local regulations while protecting the interests of both parties. The document specifies the agent's authority to market the property, screen potential tenants, negotiate rental terms, and earn commissions. It includes detailed provisions about marketing strategies, commission structures, and service scope, making it essential for professional real estate practice in the Philippines. This agreement is commonly used for both residential and commercial properties and can be adapted for various property types and rental arrangements.

1. Parties: Identifies the property owner (Principal) and the licensed real estate agent/broker (Agent), including their complete details and professional license numbers

2. Background: Establishes the context of the agreement, stating the owner's intention to rent out the property and engage the agent's services

3. Definitions: Defines key terms used throughout the agreement including Property, Commission, Lease Term, etc.

4. Appointment and Authority: Formally establishes the agency relationship and specifies the agent's authority to act on behalf of the owner

5. Scope of Services: Details the specific services the agent will provide, including marketing, showing property, tenant screening, etc.

6. Term of Agreement: Specifies the duration of the agency agreement and any renewal provisions

7. Commission Structure: Details the agent's compensation, including commission rates, payment timing, and conditions

8. Property Owner's Obligations: Lists the owner's responsibilities, including providing accurate information and maintaining the property

9. Agent's Obligations: Specifies the agent's duties, professional standards, and reporting requirements

10. Marketing and Advertising: Outlines the agreed marketing strategy and allocation of advertising costs

11. Termination: States conditions and procedures for ending the agreement

12. Governing Law: Confirms the agreement is governed by Philippine law and relevant real estate regulations

13. Dispute Resolution: Establishes procedures for resolving disagreements

14. Execution: Formal signing section with spaces for signatures, dates, and witnesses