¶¶Òõ¶ÌÊÓƵ

The Registration Agreement Between Broker and Owner serves as a crucial document in Pakistan's real estate sector, providing a formal framework for property marketing and sales representation. This agreement is essential when property owners wish to engage professional real estate brokers to market and sell their properties, whether residential, commercial, or industrial. It complies with Pakistani federal and provincial regulations, including the Contract Act 1872 and specific real estate laws, while protecting both parties' interests through clearly defined terms, responsibilities, and compensation structures. The agreement typically includes detailed property information, marketing rights, commission terms, and duration of representation, making it particularly important in both urban and rural property transactions throughout Pakistan.

1. Parties: Identification of the Property Owner and the Broker, including full legal names, addresses, and registration details

2. Background: Context of the agreement, including brief description of the property and the parties' intention to enter into a broker-owner relationship

3. Definitions: Key terms used throughout the agreement, including 'Property', 'Services', 'Commission', 'Exclusive Rights', etc.

4. Appointment and Scope: Terms of broker's appointment and detailed description of services to be provided

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

6. Broker's Rights and Obligations: Detailed listing of broker's responsibilities, including marketing efforts, showing property, and reporting requirements

7. Owner's Rights and Obligations: Owner's responsibilities, including providing access to property, maintaining property condition, and disclosure requirements

8. Commission Structure: Detailed breakdown of commission rates, payment terms, and conditions for commission eligibility

9. Property Details: Comprehensive description of the property, including location, size, and specific features

10. Representations and Warranties: Statements of fact and guarantees from both parties regarding their authority and property status

11. Termination: Conditions and procedures for ending the agreement, including notice requirements

12. Governing Law and Jurisdiction: Specification of Pakistani law as governing law and relevant jurisdiction for disputes

13. Notices: Process and requirements for formal communications between parties

14. General Provisions: Standard clauses including entire agreement, amendments, and severability