The Agent And Landlord Agreement is a crucial document in Singapore's real estate industry, designed to formalize the professional relationship between property owners and real estate agents. This agreement is particularly relevant when property owners seek professional representation for leasing, selling, or managing their properties. It incorporates requirements from the Estate Agents Act, CEA guidelines, and Singapore property laws, ensuring compliance with local regulations while protecting both parties' interests. The document typically covers appointment terms, commission structures, service scope, and obligations under Singapore law.
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1. Parties: Identification and details of the landlord and agent
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of agent appointment and services to be provided
5. Agent's Duties and Responsibilities: Detailed obligations of the agent including compliance with Estate Agents Act and CEA regulations
6. Landlord's Obligations: Responsibilities and commitments of the landlord
7. Commission Structure: Payment terms and commission rates
8. Term and Termination: Duration of agreement and termination provisions
1. Exclusivity Clause: Used when the agent has exclusive rights to market the property. Typically included for premium properties or high-value transactions
2. Marketing Budget: Specifics about advertising and promotion expenses, used when marketing costs are shared or significant
3. Property Management Services: Additional property management responsibilities, included when agent provides extended services beyond sales/rental
4. International Marketing: Provisions for overseas marketing, included for luxury properties or those targeting foreign investors
1. Schedule 1: Property Details: Detailed description of the property(ies) covered by the agreement
2. Schedule 2: Commission Structure: Detailed breakdown of commission rates and payment terms
3. Schedule 3: Marketing Plan: Detailed marketing strategy and timeline
4. Appendix A: Agent's Credentials: Agent's licenses, certifications, and qualifications
5. Appendix B: Standard Operating Procedures: Detailed procedures for property viewings, negotiations, and documentation
Relevant legal definitions
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