Commercial Lease Commission Agreement Generator for Australia

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Key Requirements PROMPT example:

Commercial Lease Commission Agreement

"I need a Commercial Lease Commission Agreement for my portfolio of three retail properties in Melbourne, with a tiered commission structure that increases based on lease duration and a performance bonus for leases signed before March 2025."

Document background
The Commercial Lease Commission Agreement is essential for Australian property owners and real estate agents engaging in commercial leasing transactions. This document is typically used when a property owner wishes to engage a professional real estate agent or agency to secure tenants for commercial properties, establishing clear terms for commission payments and service expectations. It ensures compliance with Australian property law, including state-specific legislation and the Property and Stock Agents Act, while protecting both parties' interests. The agreement covers crucial aspects such as commission rates, payment triggers, agent responsibilities, and property marketing requirements, making it a fundamental document for commercial property leasing arrangements in the Australian market.
Suggested Sections

1. Parties: Identification of the property owner/landlord and the real estate agent, including full legal names, ABN/ACN, and registered addresses

2. Background: Context of the agreement, including brief description of the property and the owner's intention to engage the agent for leasing services

3. Definitions: Key terms used throughout the agreement, including 'Commission', 'Lease', 'Gross Rent', 'Term', and 'Property'

4. Appointment and Authority: Formal appointment of the agent and scope of authority granted

5. Agent's Services: Detailed description of services to be provided by the agent in marketing and leasing the property

6. Commission Structure: Detailed explanation of commission rates, calculation methods, and timing of payments

7. Payment Terms: Specific terms regarding when and how commission payments will be made, including GST considerations

8. Agent's Obligations: Specific duties and responsibilities of the agent, including marketing, reporting, and compliance requirements

9. Owner's Obligations: Responsibilities and commitments of the property owner, including provision of information and cooperation

10. Term and Termination: Duration of the agreement and circumstances under which it can be terminated by either party

11. Dispute Resolution: Process for resolving disputes between parties

12. General Provisions: Standard legal provisions including governing law, notices, and entire agreement clause

Optional Sections

1. Multiple Properties: Additional terms for agreements covering multiple properties, including specific commission structures for each

2. Performance Incentives: Additional commission or bonus structures based on achieving specific targets or lease terms

3. Marketing Budget: Specific terms regarding marketing expenditure and reimbursement

4. Sub-Agency: Terms allowing and governing the appointment of sub-agents

5. Ongoing Management: Terms for potential property management services beyond the initial lease

6. Holdover Provisions: Terms addressing commission for lease extensions or holdover periods

7. Conflict of Interest: Specific provisions addressing potential conflicts of interest and dual agency situations

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the property/properties covered by the agreement, including addresses and specific features

2. Schedule 2 - Commission Rates: Detailed breakdown of commission rates, including any sliding scales or special circumstances

3. Schedule 3 - Approved Marketing Budget: Itemized marketing budget and activities approved by the owner

4. Schedule 4 - Agency Services: Comprehensive list of services to be provided by the agent

5. Appendix A - Required Documentation: List of required documents for lease execution and commission payment

6. Appendix B - Marketing Plan: Detailed marketing strategy and timeline

7. Appendix C - Reporting Templates: Standard templates for regular reporting to the owner

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries

Commercial Real Estate

Retail Property

Industrial Property

Office Space

Mixed-Use Development

Property Management

Real Estate Services

Shopping Centers

Business Parks

Warehouse and Logistics

Relevant Teams

Legal

Real Estate

Property Management

Asset Management

Business Development

Operations

Finance

Compliance

Facilities Management

Contract Administration

Relevant Roles

Property Owner

Real Estate Agent

Commercial Leasing Manager

Property Manager

Asset Manager

Commercial Property Director

Leasing Consultant

Real Estate Agency Principal

Legal Counsel

Commercial Property Broker

Business Development Manager

Portfolio Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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