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Exclusive Rental Listing Agreement Template for Philippines

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Key Requirements PROMPT example:

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."

Document background
The Exclusive Rental Listing Agreement is a crucial document in Philippine real estate practice that establishes a formal, exclusive relationship between property owners and licensed real estate professionals. This agreement is particularly important in the Philippine market where property rental transactions must comply with the Real Estate Service Act (RESA) and various local regulations. It is used when property owners want to ensure focused, dedicated efforts from a single broker or agency in marketing their property for lease. The document typically includes detailed provisions about marketing strategies, commission structures, property details, and the obligations of all parties involved. It protects both the property owner's interests and the broker's right to commission, while ensuring compliance with Philippine real estate laws and professional standards. The agreement is especially relevant in competitive real estate markets where exclusive representation can lead to more efficient and effective property leasing.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions




































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Relevant Industries

Residential Real Estate

Commercial Real Estate

Industrial Real Estate

Retail Real Estate

Office Space

Hospitality

Mixed-Use Development

Luxury Real Estate

Agricultural Real Estate

Relevant Teams

Legal

Real Estate

Compliance

Operations

Asset Management

Property Management

Business Development

Investment

Facilities Management

Contract Administration

Risk Management

Relevant Roles

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

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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