The Tenant Agency Agreement serves as the foundational document establishing the professional relationship between licensed property agents and clients seeking to lease property in Singapore. This agreement is essential when engaging a property agent to assist in finding and securing suitable rental properties. The document, governed by Singapore law and regulated under the Estate Agents Act 2010, outlines crucial elements including the agent's scope of services, commission structures, responsibilities of both parties, and terms of engagement. It provides legal protection and clarity for both the agent and client while ensuring compliance with Singapore's strict real estate industry regulations and professional standards.
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1. Parties: Identification of the property agent/agency and the client
2. Background: Context of the agreement and brief description of services to be provided
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of services to be provided by the agent
5. Agent's Obligations: Responsibilities and duties of the agent
6. Client's Obligations: Responsibilities and duties of the client
7. Commission Structure: Details of fees, commission rates and payment terms
8. Term and Termination: Duration of agreement and termination provisions
9. Governing Law: Specification of Singapore law as governing law
1. Exclusivity: Terms of exclusive appointment, used when client agrees to work exclusively with the agent
2. Marketing Activities: Specific marketing services to be provided, included when marketing services are part of the scope
3. Property Management: Terms for property management services, included when property management services are part of the agreement
4. International Services: Terms for international property services, included when dealing with overseas properties
1. Schedule 1 - Property Details: Specific details of property/properties covered by the agreement
2. Schedule 2 - Commission Rates: Detailed breakdown of commission structures and scenarios
3. Schedule 3 - Service Level Agreement: Detailed service standards and response times
4. Appendix A - Required Documents: List of documents required from client
5. Appendix B - Marketing Plan: Detailed marketing strategy and activities (if applicable)
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