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Lease Commission Agreement
"I need a Lease Commission Agreement for my Dubai commercial property portfolio, with an exclusive arrangement starting January 2025, including international marketing rights and a tiered commission structure based on lease duration."
1. Parties: Identification of the property owner/landlord and the licensed real estate broker, including license numbers and contact details
2. Background: Context of the agreement, including the owner's intention to lease the property and appointment of the broker
3. Definitions: Key terms used throughout the agreement, including 'Property', 'Commission', 'Lease Term', and 'Successful Transaction'
4. Appointment and Scope: Formal appointment of the broker and detailed scope of services to be provided
5. Broker's Obligations: Detailed responsibilities of the broker including marketing, showing property, tenant screening, and negotiation
6. Property Owner's Obligations: Owner's responsibilities including providing accurate information and necessary documentation
7. Commission Structure: Detailed breakdown of commission rates, calculation method, and payment terms
8. Payment Terms: Timing and method of commission payment, including conditions for commission becoming due
9. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
10. Representations and Warranties: Standard declarations by both parties regarding authority, compliance with laws, and broker licensing
11. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction for dispute resolution
1. Exclusivity: Terms of exclusive agency rights if applicable - used when broker has exclusive rights to market and lease the property
2. Multiple Properties: Additional terms for managing multiple properties - included when agreement covers more than one property
3. Sub-Agents: Terms governing the appointment and management of sub-agents - used when broker may need to engage other agents
4. Marketing Budget: Specific terms regarding marketing expenses and budget - included when marketing costs are shared or reimbursed
5. International Marketing: Special provisions for international marketing efforts - used when targeting international tenants
6. Digital Marketing Rights: Specific terms for online marketing and virtual tours - relevant for digital marketing campaigns
7. Force Majeure: Provisions for unforeseen circumstances - particularly relevant post-COVID
1. Schedule 1 - Property Details: Detailed description of the property, including location, size, features, and permitted use
2. Schedule 2 - Commission Rate Schedule: Detailed breakdown of commission rates for different lease terms and values
3. Schedule 3 - Required Documentation: List of documents required from property owner and potential tenants
4. Schedule 4 - Marketing Specifications: Detailed marketing plan and specifications for property promotion
5. Appendix A - Broker's License: Copy of broker's valid UAE real estate license and relevant certifications
6. Appendix B - Property Ownership Documents: Copies of title deed and other relevant property ownership documents
Authors
Real Estate
Commercial Property
Residential Property
Retail
Industrial
Hospitality
Office Space
Mixed-Use Development
Logistics
Healthcare
Real Estate
Legal
Operations
Compliance
Business Development
Asset Management
Property Management
Facilities Management
Commercial Operations
Risk Management
Real Estate Broker
Property Manager
Leasing Manager
Asset Manager
Facilities Manager
Real Estate Director
Commercial Director
Operations Manager
Legal Counsel
Compliance Officer
Business Development Manager
Portfolio Manager
Property Owner
Real Estate Agent
Managing Director
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