Cancellation Of Buyer Representation Agreement Form Template for England and Wales

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Key Requirements PROMPT example:

Cancellation Of Buyer Representation Agreement Form

"I need a Cancellation Of Buyer Representation Agreement Form to terminate my relationship with ABC Real Estate Agency due to their failure to show properties within my specified budget range, ensuring all commissions for previously shown properties are properly addressed and including a 60-day protection period from March 15, 2025."

Document background
The Cancellation Of Buyer Representation Agreement Form is essential when a buyer wishes to formally end their professional relationship with a real estate representative in England and Wales. This document becomes necessary when either party wishes to terminate the representation before its natural conclusion, when the buyer's needs have changed, or when the representation is no longer beneficial to either party. It ensures compliance with relevant legislation including the Consumer Rights Act 2015 and Estate Agents Act 1979, while protecting both parties' interests by clearly defining the termination terms and any surviving obligations.
Suggested Sections

1. Parties: Identification of the buyer and the real estate agent/broker whose representation agreement is being cancelled

2. Background: Reference to the original buyer representation agreement and its date

3. Definitions: Key terms used in the cancellation agreement

4. Effective Date of Cancellation: Specific date when the representation agreement will terminate

5. Mutual Release: Statement releasing both parties from future obligations under the original agreement

6. Outstanding Obligations: Description of any remaining duties or payments that survive cancellation

7. Execution: Signature blocks for all parties

Optional Sections

1. Commission Provisions: Details of any commission arrangements if property was shown or offered during the representation period

2. Protection Period: Terms regarding any ongoing protection period for properties shown during the representation

3. Confidentiality: Ongoing obligations regarding confidential information shared during the representation

4. Dispute Resolution: Process for resolving any future disputes related to the cancelled agreement

Suggested Schedules

1. Schedule of Shown Properties: List of properties shown during representation period

2. Schedule of Incurred Expenses: Itemized list of any expenses to be settled between the parties

3. Original Agreement: Copy of the original buyer representation agreement being cancelled

4. Proof of Service: Documentation showing proper delivery of cancellation notice

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
Relevant Teams
Relevant Roles
Industries

Consumer Rights Act 2015: Primary legislation governing consumer contracts, unfair terms, and statutory rights. Essential for ensuring the cancellation agreement complies with consumer protection requirements.

Consumer Contracts Regulations 2013: Regulations covering cancellation rights, cooling-off periods (14 days), and information requirements for contracts between traders and consumers.

Estate Agents Act 1979: Fundamental legislation governing estate agency work in the UK, including requirements for contract termination and professional obligations.

Law of Property Act 1925: Basic framework for property law in England and Wales, relevant for understanding the legal context of property-related agreements.

Property Ombudsman Code: Professional standards and guidelines for estate agents, including requirements for handling contract terminations and client relationships.

NTSELAT Guidelines: National Trading Standards Estate and Letting Agency Team guidelines for compliance with property industry regulations and best practices.

RICS Standards: Professional standards set by the Royal Institution of Chartered Surveyors, including requirements for ethical practice and client care in property services.

Notice Periods: Legal requirements for termination notices, including statutory cooling-off periods and contractual notice requirements.

Financial Obligations: Requirements regarding outstanding fees, commissions, and reimbursement terms upon contract cancellation.

Data Protection: GDPR and data protection requirements for handling client information during and after contract termination.

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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