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The Property Finder's Fee Agreement is essential in South African real estate transactions where property owners or developers engage individuals or companies to source potential buyers or tenants. This document type has become increasingly important in the South African property market, where specialized finders operate alongside traditional estate agents. The agreement defines the finder's role, compensation structure, and obligations while ensuring compliance with South African legislation, particularly the Property Practitioners Act 22 of 2019 and consumer protection laws. It's commonly used when property owners seek to expand their reach beyond traditional sales channels or when dealing with specialized property types requiring targeted buyer identification. The agreement typically includes detailed provisions about the property, target buyer/tenant profiles, fee structures, and success criteria.

1. Parties: Identifies and provides full details of the principal (property owner) and the finder, including registration numbers for companies or ID numbers for individuals

2. Background: Explains the context of the agreement - that the principal wishes to sell/lease property and engage the finder to identify potential buyers/tenants

3. Definitions: Defines key terms used throughout the agreement including 'Property', 'Successful Transaction', 'Finder's Fee', 'Prospective Buyer/Tenant'

4. Appointment: Formal appointment of the finder and scope of authority

5. Finder's Services: Detailed description of services to be provided by the finder

6. Duration: Term of the agreement, including commencement date and termination provisions

7. Finder's Fee Structure: Detailed explanation of fee calculation, payment triggers, and payment terms

8. Payment Terms: Specifics about when and how payment will be made, including invoice requirements

9. Obligations of the Principal: Principal's responsibilities including providing accurate information and cooperating with the finder

10. Representations and Warranties: Standard warranties about authority to contract and accuracy of information

11. Confidentiality: Provisions regarding confidential information and its protection

12. General Terms: Standard contract clauses including notices, entire agreement, variation, and governing law