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Exclusive Rental Listing Agreement
"I need an Exclusive Rental Listing Agreement for my luxury residential property in Makati, Philippines, with a six-month exclusivity period starting January 15, 2025, including provisions for virtual tours and international tenant marketing."
1. Parties: Identifies the property owner (Principal) and the licensed real estate broker/agent (Agent), including their complete details and licenses
2. Background: Explains the context of the agreement, including the owner's intention to lease the property and appointment of the agent as exclusive listing agent
3. Definitions: Defines key terms used throughout the agreement including 'Property', 'Exclusive Period', 'Listing Price', and 'Commission'
4. Appointment and Scope: Details the exclusive appointment of the agent and the specific services to be provided
5. Term and Exclusivity: Specifies the duration of the exclusive listing period and the nature of exclusivity
6. Agent's Rights and Obligations: Lists the agent's responsibilities, including marketing efforts, showing the property, and screening potential tenants
7. Owner's Rights and Obligations: Outlines the owner's commitments, including providing accurate information and maintaining the property
8. Commission Structure: Details the commission rate, payment terms, and conditions for commission earning
9. Property Information: Contains basic property details and rental terms
10. Marketing Authorization: Grants permission for specific marketing activities and use of property information
11. Termination: States the conditions and process for ending the agreement
12. Governing Law: Specifies that Philippine law governs the agreement
13. Dispute Resolution: Outlines the process for resolving any disputes between parties
14. Execution: Formal signing section with date and witnesses
1. Protection Period: Defines a period after agreement termination during which the agent remains entitled to commission for specific prospects - include when requested by the agent
2. Multiple Units: Additional provisions for listing multiple units in the same property - include for apartment buildings or multiple unit properties
3. Virtual Tours: Specific provisions for virtual showings and digital marketing - include for properties targeting international tenants or during pandemic conditions
4. Property Management Services: Additional terms if the agent will also provide property management services - include when combining listing with management services
5. Co-Broking Arrangements: Terms for working with other agents - include when co-broking is permitted
6. Furnished Property Provisions: Special terms for furnished properties - include when the property is being offered furnished
7. Insurance Requirements: Specific insurance requirements for high-value properties - include for luxury or commercial properties
1. Schedule A - Property Details: Detailed description of the property, including address, size, features, and amenities
2. Schedule B - Pricing Schedule: Detailed breakdown of rental price, including any variables or conditions
3. Schedule C - Marketing Plan: Specific marketing activities and timeline proposed by the agent
4. Schedule D - Commission Structure: Detailed breakdown of commission calculations and payment terms
5. Schedule E - Property Photos: Approved photographs of the property for marketing purposes
6. Appendix 1 - Required Documents: List of required documents for lease execution
7. Appendix 2 - Property Condition Report: Detailed report of the property's current condition
Authors
Residential Real Estate
Commercial Real Estate
Industrial Real Estate
Retail Real Estate
Office Space
Hospitality
Mixed-Use Development
Luxury Real Estate
Agricultural Real Estate
Legal
Real Estate
Compliance
Operations
Asset Management
Property Management
Business Development
Investment
Facilities Management
Contract Administration
Risk Management
Real Estate Broker
Property Owner
Leasing Manager
Real Estate Agent
Property Manager
Legal Counsel
Compliance Officer
Real Estate Director
Asset Manager
Business Development Manager
Real Estate Operations Manager
Investment Manager
Portfolio Manager
Facilities Manager
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