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Broker Lease Agreement
"I need a Broker Lease Agreement for my Hong Kong real estate agency to establish an exclusive 6-month arrangement with a commercial landlord who owns multiple office properties in Central district, with specific provisions for international client marketing and a tiered commission structure."
1. Parties: Identification of the broker/estate agent and the client (landlord or tenant), including license numbers and contact details
2. Background: Context of the agreement, including the client's intention to lease/rent property and appointment of the broker
3. Definitions: Key terms used throughout the agreement, including 'Property', 'Commission', 'Exclusive Agency Period' if applicable
4. Appointment and Authority: Formal appointment of the broker and scope of authority granted
5. Broker's Services and Obligations: Detailed description of services to be provided by the broker, including marketing, viewings, and negotiations
6. Client's Obligations: Client's responsibilities, including providing accurate information and cooperation
7. Commission Structure: Details of commission rates, payment terms, and conditions for commission becoming payable
8. Term and Termination: Duration of the agreement and circumstances for termination
9. Confidentiality: Obligations regarding confidential information and personal data protection
10. Compliance with Laws: Commitment to comply with relevant Hong Kong laws and regulations
11. Liability and Indemnity: Extent of broker's liability and any indemnification provisions
12. Governing Law and Jurisdiction: Specification of Hong Kong law as governing law and jurisdiction for disputes
1. Exclusivity: Terms of exclusive agency rights - used when the broker is appointed as exclusive agent
2. Additional Services: Details of any additional services offered beyond standard brokerage - used when broker provides extra services like property management
3. Sub-Agents: Provisions for appointment of sub-agents - used when broker may need to involve other agents
4. Marketing Budget: Specific marketing commitments and budget - used for high-value properties requiring extensive marketing
5. Property Management: Additional terms for property management services - used when broker also provides property management
6. International Client Services: Special provisions for overseas clients - used when dealing with international landlords/tenants
7. Multiple Property Provisions: Terms for handling multiple properties - used when agreement covers more than one property
1. Schedule 1: Property Details: Detailed description of the property/properties covered by the agreement
2. Schedule 2: Commission Rates: Detailed breakdown of commission structures and payment terms
3. Schedule 3: Services Scope: Comprehensive list of services to be provided by the broker
4. Schedule 4: Marketing Plan: Detailed marketing strategy and activities to be undertaken
5. Appendix A: Required Documents: List of documents required from the client
6. Appendix B: Compliance Checklist: Checklist of regulatory requirements and necessary disclosures
7. Appendix C: Agency Forms: Standard forms required under Hong Kong estate agency regulations
Authors
Real Estate
Commercial Property
Residential Property
Retail Property
Industrial Property
Office Space
Property Management
Professional Services
Real Estate Investment
Legal
Compliance
Real Estate
Operations
Risk Management
Business Development
Property Management
Contract Administration
Corporate Services
Real Estate Broker
Property Manager
Legal Counsel
Compliance Officer
Real Estate Agent
Business Development Manager
Contract Administrator
Risk Manager
Property Consultant
Estate Agency Director
Leasing Manager
Operations Manager
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