Broker Lease Agreement

Broker Lease Agreement Template for Singapore

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Key Requirements PROMPT example:

"I need a Broker Lease Agreement for our Singapore property management company to engage a real estate broker for leasing our portfolio of five commercial properties in the Central Business District, with an exclusive arrangement starting March 2025 and including specific performance targets for minimum occupancy rates."

Document background

The Broker Lease Agreement is essential for formalizing the relationship between property owners and licensed real estate brokers in Singapore's property market. This document is typically used when property owners seek professional assistance in leasing their properties, whether commercial or residential. The agreement outlines the broker's authority to market the property, negotiate with potential tenants, and earn commission upon successful lease execution. It must comply with Singapore's Estate Agents Act, CEA guidelines, and other relevant property laws, making it a crucial document for ensuring legal compliance and protecting the interests of all parties involved.

Suggested Sections

1. Parties: Identification of broker and client, including registration details and licenses

2. Background: Context of the agreement and relationship between parties

3. Definitions: Key terms used throughout the agreement

4. Appointment and Scope: Terms of broker appointment and services covered

5. Commission Structure: Detailed breakdown of fees and payment terms

6. Obligations and Duties: Responsibilities of both broker and client

7. Term and Termination: Duration and conditions for ending the agreement

8. Confidentiality: Protection of sensitive information

9. Governing Law: Specification of Singapore law as governing law

Optional Sections

1. Exclusivity: Terms of exclusive representation (used when broker is granted exclusive rights)

2. Marketing Services: Specific marketing obligations and requirements (used when marketing services are included)

3. Insurance: Insurance requirements and coverage (used when specific insurance provisions are needed)

4. Force Majeure: Provisions for unforeseen circumstances (used when additional protection against external events is needed)

Suggested Schedules

1. Schedule 1: Property Details: Specific details of properties covered by the agreement

2. Schedule 2: Commission Structure: Detailed breakdown of commission calculations

3. Schedule 3: Service Level Agreement: Specific performance metrics and standards

4. Appendix A: Required Forms: Standard CEA forms and documentation

5. Appendix B: Marketing Plan: Detailed marketing strategy and timeline

Authors

Alex Denne

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate
Property Development
Commercial Property
Residential Property

Relevant Teams

Real Estate
Legal
Operations
Finance
Compliance

Relevant Roles

Real Estate Broker
Property Manager
Leasing Manager
Real Estate Director
Asset Manager

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Let's create your Broker Lease Agreement

Authors

Alex Denne

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