The Leasing Agency Agreement is essential for property owners seeking professional representation in Singapore's real estate market. This document, regulated under Singapore law, establishes the formal relationship between property owners and licensed real estate agencies. It specifies the scope of services, commission structures, and compliance requirements in accordance with the Estate Agents Act 2010 and CEA guidelines. The agreement is particularly important in Singapore's highly regulated real estate market, where specific legal requirements must be met for property leasing transactions.
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1. Parties: Identification of the Agency and Principal, including registration numbers and addresses
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of agency appointment and scope of services
5. Duration: Term of the agreement including commencement date
6. Agency Obligations: Duties and responsibilities of the leasing agency
7. Principal's Obligations: Duties and responsibilities of the principal
8. Commission Structure: Fee arrangements and payment terms
9. Compliance: Regulatory compliance requirements and professional standards
10. Termination: Conditions for ending the agreement
1. Exclusivity: Terms of exclusive agency rights when principal agrees to work exclusively with the agency
2. Marketing Services: Specific marketing and promotion obligations when marketing services are included in the scope
3. International Services: Cross-border leasing services provisions for dealing with international clients or properties
4. Sub-Agents: Terms for appointing sub-agents when they may be involved in the agreement
1. Schedule 1 - Property Details: List and details of properties covered by the agreement
2. Schedule 2 - Commission Structure: Detailed breakdown of commission rates and calculations
3. Schedule 3 - Service Level Agreement: Specific performance metrics and service standards
4. Appendix A - Required Documents: List of documents required for leasing transactions
5. Appendix B - Marketing Plan: Detailed marketing strategy and activities
Relevant legal definitions
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