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The Lease Commission Agreement is a crucial document in Indian real estate transactions that formalizes the relationship between property owners and real estate brokers or agencies. This agreement becomes necessary when property owners seek professional assistance in leasing their properties and want to establish clear terms for broker compensation. The document must comply with Indian legal requirements, particularly RERA regulations, and typically includes detailed provisions about commission rates, payment triggers, scope of services, and mutual obligations. It's particularly important in commercial real estate but is also used in residential property leasing. The agreement helps prevent disputes by clearly defining success criteria, commission structures, and the specific services the broker will provide.

1. Parties: Identification of the property owner/landlord and the broker/agent, including registration details and RERA registration numbers where applicable

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

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

4. Appointment and Scope of Services: Formal appointment of the broker and detailed description of services to be provided

5. Property Details: Comprehensive description of the property, including location, size, type, and any specific leasing parameters

6. Commission Structure: Detailed breakdown of commission rates, calculation method, and timing of payments

7. Payment Terms: Process and timeline for commission payments, including any conditions precedent

8. Representations and Warranties: Statements of fact and assurances from both parties regarding their capacity and authority

9. Obligations of the Broker: Specific duties and responsibilities of the broker in marketing and securing tenants

10. Obligations of the Owner: Owner's commitments regarding property information, access, and cooperation

11. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

12. Governing Law and Jurisdiction: Specification of Indian law as governing law and relevant jurisdiction for disputes

13. Notices: Process and addresses for formal communications between parties

14. Execution: Signature blocks and execution formalities