Commercial Listing Agreement Template for United Arab Emirates

The Commercial Listing Agreement is a crucial document in UAE real estate transactions, establishing the professional relationship between property owners and licensed real estate brokers for commercial properties. This agreement is essential when owners seek to market their commercial properties through professional channels in the UAE market. It must adhere to federal UAE laws and emirate-specific regulations, including RERA guidelines in Dubai. The document typically includes detailed property specifications, broker's scope of authority, commission structures, marketing rights, and mutual obligations. A well-drafted Commercial Listing Agreement protects both parties' interests while ensuring compliance with local real estate practices and regulatory requirements. It's particularly important in the UAE's dynamic commercial real estate market, where clear terms and conditions are essential for successful property transactions.

1. Parties: Identification of the property owner/landlord and the real estate broker, including license numbers and contact details

2. Background: Context of the agreement, including brief description of the property and the owner's intention to sell/lease

3. Definitions: Key terms used throughout the agreement, including 'Property', 'Listing Period', 'Commission', 'Asking Price', etc.

4. Appointment and Authority: Terms of broker appointment and scope of authority granted by the owner

5. Property Details: Comprehensive description of the commercial property, including location, size, and specifications

6. Listing Terms: Specific terms including asking price/rent, listing duration, and any special conditions

7. Broker's Services and Obligations: Detailed description of services to be provided by the broker

8. Owner's Obligations: Owner's responsibilities including providing accurate information and property access

9. Commission Structure: Details of broker's commission, payment terms, and triggering events

10. Term and Termination: Duration of the agreement and termination provisions

11. Representations and Warranties: Standard representations by both parties regarding authority, property status, etc.

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

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

14. Entire Agreement: Standard integration clause confirming the complete agreement between parties