An Exclusive Rental Listing Agreement is essential when property owners wish to engage a single real estate agency for their rental property marketing needs in Singapore. This document establishes the sole authority of the appointed agency to advertise, market, and secure tenants for the property during a specified period. The agreement, regulated under Singapore's Estate Agents Act and CEA guidelines, protects both the property owner and the agency by clearly defining responsibilities, commission structures, and service expectations. It's particularly important in Singapore's competitive real estate market where clear accountability and professional service standards are essential.
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1. Parties: Identification and details of the property owner and the estate agent
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of exclusive appointment and services to be provided
5. Duration: Period of exclusive listing agreement
6. Commission Structure: Details of fees and payment terms
7. Obligations of Agent: Marketing and service commitments
8. Obligations of Owner: Property access and information provisions
9. Termination: Conditions for ending the agreement
1. Marketing Budget: Specific marketing commitments and cost allocation when marketing costs are shared or specific campaigns are planned
2. Performance Metrics: Specific targets or KPIs for the agent when performance-based conditions are included
3. International Marketing: Provisions for overseas marketing when targeting international tenants
1. Property Details Schedule: Detailed description of property, including photos and floor plans
2. Marketing Plan: Detailed marketing strategy and timeline
3. Commission Schedule: Detailed breakdown of commission structure and payment terms
4. Property Condition Report: Current condition of property and any existing issues
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