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Exclusive Rental Listing Agreement Template for Singapore

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Key Requirements PROMPT example:

Exclusive Rental Listing Agreement

"I need an Exclusive Rental Listing Agreement for my 3-bedroom condominium in Singapore's East Coast area, to be managed by ABC Property Agency from January 2025, with specific provisions for international marketing and a minimum rental price of SGD 5,500 per month."

Document background
An Exclusive Rental Listing Agreement is essential when property owners wish to engage a single real estate agency for their rental property marketing needs in Singapore. This document establishes the sole authority of the appointed agency to advertise, market, and secure tenants for the property during a specified period. The agreement, regulated under Singapore's Estate Agents Act and CEA guidelines, protects both the property owner and the agency by clearly defining responsibilities, commission structures, and service expectations. It's particularly important in Singapore's competitive real estate market where clear accountability and professional service standards are essential.
Suggested Sections

1. Parties: Identification and details of the property owner and the estate agent

2. Background: Context of the agreement and property details

3. Definitions: Key terms used throughout the agreement

4. Appointment and Scope: Terms of exclusive appointment and services to be provided

5. Duration: Period of exclusive listing agreement

6. Commission Structure: Details of fees and payment terms

7. Obligations of Agent: Marketing and service commitments

8. Obligations of Owner: Property access and information provisions

9. Termination: Conditions for ending the agreement

Optional Sections

1. Marketing Budget: Specific marketing commitments and cost allocation when marketing costs are shared or specific campaigns are planned

2. Performance Metrics: Specific targets or KPIs for the agent when performance-based conditions are included

3. International Marketing: Provisions for overseas marketing when targeting international tenants

Suggested Schedules

1. Property Details Schedule: Detailed description of property, including photos and floor plans

2. Marketing Plan: Detailed marketing strategy and timeline

3. Commission Schedule: Detailed breakdown of commission structure and payment terms

4. Property Condition Report: Current condition of property and any existing issues

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

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Industries

Estate Agents Act 2010: Primary legislation regulating real estate agencies and agents in Singapore, setting requirements for property transactions and defining duties and responsibilities of estate agents

Council for Estate Agencies (CEA) Guidelines: Regulatory framework covering professional service requirements, prescribed forms and procedures, commission guidelines, and marketing and advertising regulations for real estate agents

Personal Data Protection Act 2012 (PDPA): Legislation governing the handling of personal information, including consent requirements and data storage and protection obligations in real estate transactions

Real Estate Developers (Control and Licensing) Act: Law governing new property developments, including marketing and representation requirements for property transactions

Housing and Development Board (HDB) Rules: Regulations specific to HDB properties, covering rental restrictions, eligibility criteria, and minimum occupation periods

Planning Act: Legislation governing zoning requirements and usage restrictions for properties in Singapore

Contract Law (Common Law): Legal framework governing contract formation, terms and conditions, rights and obligations, and termination clauses in property agreements

Misrepresentation Act: Law governing accuracy of property information and disclosure requirements in real estate transactions

Competition Act: Legislation ensuring fair competition practices and price transparency in the real estate market

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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