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Broker Lease Agreement Template for Malaysia

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Key Requirements PROMPT example:

Broker Lease Agreement

"I need a Broker Lease Agreement for my commercial shopping mall in Kuala Lumpur, granting exclusive rights to a single broker for a 12-month period starting January 2025, with specific provisions for tenant mix requirements and minimum rental guarantees."

Document background
The Broker Lease Agreement serves as a crucial legal instrument in the Malaysian real estate market, establishing the framework for professional property leasing services. This document is essential when property owners wish to engage licensed real estate professionals to market and lease their properties. It encompasses key elements required under Malaysian law, including broker licensing requirements, commission structures, and service obligations. The agreement is particularly important in ensuring compliance with the Valuers, Appraisers, Estate Agents and Property Managers Act 1981 and related regulations. It provides clear guidelines on the scope of the broker's authority, marketing responsibilities, tenant screening processes, and commission terms, while protecting the interests of all parties involved in the leasing transaction.
Suggested Sections

1. Parties: Identification of the property owner and the licensed real estate broker/agency, including registration numbers and contact details

2. Background: Context of the agreement, including brief description of the property and the owner's intention to lease it through the broker

3. Definitions: Key terms used throughout the agreement, including 'Property', 'Commission', 'Lease Term', 'Successful Transaction', etc.

4. Appointment and Authority: Terms of broker's appointment and scope of authority to act on behalf of the property owner

5. Broker's Services and Obligations: Detailed description of services to be provided by the broker, including marketing, showing property, tenant screening, etc.

6. Property Owner's Obligations: Owner's responsibilities, including providing accurate information, access to property, and necessary documentation

7. Commission Structure: Details of broker's compensation, including commission rate, payment terms, and conditions for commission eligibility

8. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination by either party

9. Confidentiality: Obligations regarding confidential information and property details

10. Representations and Warranties: Statements of fact and guarantees by both parties

11. Liability and Indemnification: Allocation of risks and responsibilities between parties

12. Governing Law and Jurisdiction: Specification of Malaysian law as governing law and jurisdiction for dispute resolution

13. General Provisions: Standard clauses including notices, amendments, assignment, and severability

Optional Sections

1. Exclusive Agency Rights: Used when granting exclusive rights to the broker for the property, including terms and duration of exclusivity

2. Marketing Budget and Expenses: Include when there are specific arrangements about marketing costs and their allocation

3. Sub-Agents: Include when the broker is permitted to engage sub-agents or other brokers

4. Online Listing Provisions: Specific terms for digital marketing and online property platforms

5. Property Management Services: Include if the broker will also provide property management services

6. Insurance Requirements: Specific insurance obligations for either party beyond standard requirements

7. Multiple Property Provisions: Include when the agreement covers multiple properties

8. International Marketing: Include for properties targeting international tenants with specific international marketing requirements

Suggested Schedules

1. Schedule 1: Property Details: Detailed description of the property, including address, size, facilities, and conditions

2. Schedule 2: Commission Structure: Detailed breakdown of commission rates, calculation methods, and payment terms

3. Schedule 3: Marketing Plan: Specific marketing strategies, platforms, and activities to be undertaken

4. Schedule 4: Property Documentation: List of required property documents, certificates, and permits

5. Schedule 5: Broker's License and Credentials: Copies of broker's professional licenses and registrations

6. Appendix A: Property Photographs: Official photographs and floor plans of the property

7. Appendix B: Standard Operating Procedures: Procedures for property viewings, tenant screening, and lease execution

8. Appendix C: Reporting Templates: Standard forms for periodic reports and tenant feedback

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions































Clauses
































Relevant Industries

Real Estate

Commercial Property

Residential Property

Retail

Industrial Property

Office Space

Hospitality

Mixed-Use Development

Property Management

Property Investment

Relevant Teams

Legal

Real Estate

Property Management

Asset Management

Compliance

Operations

Business Development

Facilities Management

Contract Administration

Investment

Risk Management

Relevant Roles

Real Estate Broker

Property Manager

Asset Manager

Leasing Manager

Property Owner

Real Estate Agent

Legal Counsel

Compliance Officer

Business Development Manager

Property Investment Manager

Facilities Manager

Contract Administrator

Real Estate Operations Manager

Portfolio 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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