Broker Lease Commission Agreement Template for United Arab Emirates

The Broker Lease Commission Agreement is essential for UAE real estate transactions where professional brokerage services are engaged for property leasing. This document is used when property owners or landlords wish to formally engage a licensed real estate broker to market and secure tenants for their properties, establishing clear terms for commission payments and service expectations. It ensures compliance with UAE Federal Law No. 39 of 2006 regarding real estate brokerage and relevant emirate-specific regulations such as Dubai's RERA requirements or Abu Dhabi's real estate laws. The agreement typically includes detailed commission structures, payment triggers, broker obligations, and property specifications, while incorporating necessary provisions for broker licensing, marketing rights, and transaction documentation requirements specific to the UAE market.

1. Parties: Identification of the property owner/landlord and the licensed real estate broker, including their respective license and registration details as required by UAE law

2. Background: Context of the agreement, including the broker's authority to act and general purpose of the arrangement

3. Definitions: Key terms used throughout the agreement, including specific UAE real estate terminology

4. Appointment and Scope: Formal appointment of broker and detailed scope of services to be provided

5. Property Details: Specific information about the property/properties for which brokerage services will be provided

6. Broker's Obligations: Detailed responsibilities of the broker in accordance with UAE real estate regulations

7. Commission Structure: Commission rates, calculation methods, and payment terms in compliance with RERA guidelines

8. Payment Terms: Timing and method of commission payments, including any conditions precedent

9. Term and Termination: Duration of the agreement and circumstances under which it may be terminated

10. Representations and Warranties: Standard declarations regarding authority, capacity, and compliance with UAE laws

11. Confidentiality: Obligations regarding confidential information and client privacy

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

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

14. Execution: Signature blocks and execution formalities compliant with UAE requirements