Non Exclusive Real Estate Contract Template for England and Wales

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Key Requirements PROMPT example:

Non Exclusive Real Estate Contract

"I need a Non Exclusive Real Estate Contract for a luxury residential property in Central London, with specific provisions for international marketing and a commission structure that includes bonus payments for achieving sales above the asking price by March 2025."

Document background
The Non Exclusive Real Estate Contract is designed for property owners seeking flexibility in their property marketing strategy under English and Welsh law. This document is particularly useful when owners wish to retain the ability to work with multiple agents simultaneously or sell the property privately. The contract typically includes detailed provisions for commission structures, marketing responsibilities, and service scope, while protecting both parties' interests. It's commonly used in both residential and commercial property sectors, providing a clear framework for the agent-owner relationship while maintaining compliance with UK property legislation and industry standards.
Suggested Sections

1. Parties: Details of the agent and property owner

2. Background: Context of the agreement and property details

3. Definitions: Key terms used throughout the agreement

4. Appointment and Scope: Terms of agent appointment and services to be provided

5. Commission and Fees: Payment terms and commission structure

6. Duration and Termination: Contract period and termination provisions

7. Agent's Obligations: Responsibilities and duties of the agent

8. Property Owner's Obligations: Responsibilities and duties of the property owner

9. Governing Law: Jurisdiction and applicable law

Optional Sections

1. Multiple Agency Provisions: Terms governing relationship with other agents when property owner may engage other agents

2. Marketing Strategy: Specific marketing approaches and commitments when detailed marketing plans are agreed

3. Data Protection: GDPR compliance and data handling provisions for extensive personal data processing

Suggested Schedules

1. Property Details Schedule: Detailed description of the property

2. Commission Structure Schedule: Detailed breakdown of fees and commission calculations

3. Marketing Services Schedule: Detailed list of marketing services to be provided

4. Property Information Form: Standard property information provided by 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

Industries

Law of Property Act 1925: Primary legislation governing real property transactions in England and Wales, including requirements for land contracts, legal estates and interests in land.

Estate Agents Act 1979: Legislation regulating estate agency work, including disclosure requirements and professional obligations for agents.

Consumer Rights Act 2015: Legislation ensuring fair terms in consumer contracts, transparency requirements, and service quality standards in real estate transactions.

Landlord and Tenant Act 1985: Legislation setting out property standards and landlord obligations in residential tenancies.

Consumer Protection from Unfair Trading Regulations 2008: Regulations preventing misleading practices and establishing information disclosure requirements in property transactions.

Property Ombudsman Scheme: Regulatory framework providing consumer protection and dispute resolution in the property sector.

RICS Guidelines: Professional standards and guidelines set by the Royal Institution of Chartered Surveyors for property professionals.

Data Protection Act 2018: UK's implementation of GDPR, governing the handling of personal data in real estate transactions.

Money Laundering Regulations 2017: Regulations requiring due diligence and compliance measures to prevent money laundering in property transactions.

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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