The Leasing Agency Agreement serves as the foundational document governing the professional relationship between property owners and leasing agencies in the United States. This contract type is essential when property owners seek professional assistance in marketing and leasing their properties. The agreement typically includes specific provisions for marketing strategies, tenant screening processes, commission structures, and service level expectations. It ensures compliance with federal regulations such as the Fair Housing Act and state-specific real estate laws while protecting both parties' interests through clearly defined roles and responsibilities.
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1. Parties: Identification of the property owner and leasing agency
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement including relevant legislative references
4. Appointment and Authority: Scope of agency's authority and responsibilities in accordance with relevant state licensing laws
5. Term: Duration of the agreement including renewal provisions
6. Compensation: Fee structure and payment terms including commission rates and special fees
7. Duties and Obligations: Specific responsibilities of both parties including compliance with Fair Housing Act and other regulations
8. Compliance: Specific provisions ensuring compliance with federal and state laws including Fair Housing Act and ADA
9. Termination: Conditions and procedures for ending the agreement
1. Marketing Services: Detailed marketing responsibilities and strategies, including compliance with fair advertising practices
2. Property Management Services: Additional property management responsibilities when agency will also manage the property
3. Insurance Requirements: Specific insurance obligations and minimum coverage requirements
4. Tenant Screening Procedures: Detailed procedures for tenant screening in compliance with FCRA and fair housing laws
1. Property Schedule: Detailed description of property/properties covered under the agreement
2. Fee Schedule: Detailed breakdown of all fees, charges, and commission structures
3. Service Level Agreement: Specific performance metrics and standards for the agency
4. Marketing Plan: Detailed marketing strategy and requirements including advertising guidelines
5. Compliance Checklist: Checklist of all relevant legal and regulatory requirements
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
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