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Real Estate Development Fee Agreement
"I need a Real Estate Development Fee Agreement for a mixed-use commercial project in Singapore, where the development manager will be paid both fixed and performance-based fees, with project completion expected by December 2025."
1. Parties: Identification of the Developer and Development Manager/Fee Recipient
2. Background: Context of the development project and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of development management services to be provided
5. Fee Structure: Development fees, payment schedule, and calculation methods
6. Term and Termination: Duration of agreement and termination provisions
7. Obligations and Responsibilities: Duties of both parties including regulatory compliance requirements
8. Representations and Warranties: Standard declarations regarding capacity and authority
9. Governing Law and Jurisdiction: Singapore law provisions and dispute resolution
1. Performance Metrics: Specific KPIs and performance standards - recommended for larger developments or when performance-based fees apply
2. Insurance Requirements: Specific insurance obligations - recommended when additional risk management is required
3. Force Majeure: Provisions for unforeseen circumstances - recommended for longer-term developments or high-value projects
4. Step-in Rights: Rights to take over project management - recommended for complex developments or when required by financiers
1. Schedule 1 - Property Details: Legal description and details of the development site
2. Schedule 2 - Services Scope: Detailed breakdown of development management services
3. Schedule 3 - Fee Schedule: Detailed fee calculations and payment milestones
4. Schedule 4 - Development Program: Project timeline and key milestones
5. Schedule 5 - Required Approvals: List of necessary regulatory approvals and permits
6. Appendix A - Professional Team: List of key consultants and their roles
7. Appendix B - Development Budget: Detailed project budget and cost estimates
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