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Commercial Listing Agreement
"I need a Commercial Listing Agreement for a 50,000 square foot industrial warehouse in Karachi, with an exclusive 6-month listing period starting March 1, 2025, including provisions for international marketing and sub-agent arrangements."
1. Parties: Identification of the property owner (Principal) and the real estate agent/broker (Agent), including full legal names, addresses, and registration details
2. Background: Context of the agreement, including brief description of the property and the owner's intention to sell/lease the property through the Agent
3. Definitions: Definitions of key terms used throughout the agreement, including 'Property', 'Listing Period', 'Commission', 'Qualified Prospect', etc.
4. Appointment and Authority: Formal appointment of the Agent and scope of authority granted by the Principal
5. Property Details: Comprehensive description of the property being listed, including location, size, type, and any relevant legal identifiers
6. Listing Terms: Specific terms of the listing, including listing price/rent range, listing period, and any specific conditions
7. Commission Structure: Detailed explanation of commission rates, payment terms, and conditions for commission becoming due
8. Agent's Obligations: Detailed listing of all services and duties to be performed by the Agent
9. Principal's Obligations: Owner's responsibilities and commitments during the listing period
10. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination
11. Representations and Warranties: Statements of fact and guarantees by both parties
12. Governing Law and Jurisdiction: Specification of Pakistani law as governing law and jurisdiction for dispute resolution
13. Execution: Signature blocks and execution formalities
1. Protection Period: Defines a period after listing expiration during which the Agent remains entitled to commission for specific prospects - include when requested by Agent
2. Sub-Agents: Terms governing the appointment and management of sub-agents - include when the Agent may need to involve other brokers
3. Marketing Budget: Detailed provisions about marketing expenses and cost allocation - include when specific marketing commitments are required
4. Exclusivity Provisions: Terms making the listing exclusive to the Agent - include for exclusive listing arrangements
5. Force Majeure: Provisions for unforeseen circumstances preventing performance - include in areas with political/economic instability
6. Dispute Resolution: Detailed arbitration or mediation procedures - include when parties prefer alternative dispute resolution
7. Indemnification: Mutual or one-way indemnification provisions - include for high-value properties
8. Insurance Requirements: Specific insurance requirements for either party - include for high-value properties or when required by local regulations
1. Schedule A - Property Description: Detailed technical description of the property, including boundaries, certificates, and permits
2. Schedule B - Commission Structure: Detailed breakdown of commission rates, including any sliding scales or special circumstances
3. Schedule C - Marketing Plan: Detailed marketing strategy and timeline
4. Schedule D - Property Documents: List of all property-related documents provided by the Principal
5. Schedule E - Excluded Prospects: List of potential buyers/tenants excluded from the agreement
6. Appendix 1 - Required Disclosures: Mandatory disclosures required under Pakistani law
7. Appendix 2 - Property Photographs: Official photographs and floor plans of the property
8. Appendix 3 - Agent's Licenses: Copies of Agent's relevant licenses and registrations
Authors
Real Estate
Commercial Property
Retail
Industrial
Office Space
Hospitality
Healthcare
Education
Logistics
Manufacturing
Banking and Financial Services
Professional Services
Real Estate
Legal
Operations
Business Development
Property Management
Asset Management
Facilities Management
Commercial Leasing
Transaction Management
Compliance
Finance
Administration
Real Estate Agent
Property Broker
Commercial Property Manager
Real Estate Director
Business Development Manager
Legal Counsel
Property Owner
Asset Manager
Facilities Manager
Real Estate Operations Manager
Commercial Leasing Manager
Real Estate Transaction Manager
Property Portfolio Manager
Chief Executive Officer
Managing Director
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