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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."
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
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
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
Agent
Business Day
Commission
Commencement Date
Confidential Information
Default
Effective Date
Exclusive Agency Period
Force Majeure Event
Gross Rent
GST
Lease
Lease Term
Leasing Services
Marketing Expenses
Net Rent
Option Period
Owner
Permitted Use
Property
Property Schedule
Qualifying Lease
Related Entity
Rent Review
Security Deposit
Services
Sub-Agent
Success Fee
Tenant
Term of Appointment
Territory
Agency Type
Authority
Commission
Payment Terms
Services
Marketing
Exclusivity
Confidentiality
Warranties
Indemnification
Term
Termination
Property Details
Agent Obligations
Owner Obligations
Dispute Resolution
Force Majeure
Assignment
Notices
Governing Law
Entire Agreement
Severability
GST
Sub-Agency
Insurance
Intellectual Property
Record Keeping
Compliance
Amendment
Waiver
Costs
Performance Standards
Reporting Requirements
Commercial Real Estate
Retail Property
Industrial Property
Office Space
Mixed-Use Development
Property Management
Real Estate Services
Shopping Centers
Business Parks
Warehouse and Logistics
Legal
Real Estate
Property Management
Asset Management
Business Development
Operations
Finance
Compliance
Facilities Management
Contract Administration
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
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