Agreement Between Landlord And Real Estate Agent Template for India

The Agreement Between Landlord And Real Estate Agent is essential for formalizing professional relationships in India's real estate sector. This document is typically used when a property owner wishes to engage a professional real estate agent or agency to market, lease, or sell their property. It ensures compliance with the Real Estate (Regulation and Development) Act, 2016 (RERA) and other relevant Indian legislation, while clearly defining the rights, obligations, and commercial terms between the parties. The agreement covers crucial aspects such as agent's authority, commission structures, marketing strategies, and service standards, providing legal protection for both parties. It's particularly important in the Indian context where real estate transactions must adhere to strict regulatory requirements and professional standards established by both central and state authorities.

1. Parties: Identification of the Landlord and the Real Estate Agent, including their complete contact details and RERA registration numbers

2. Background: Context of the agreement, including brief description of the property and the purpose of engaging the agent

3. Definitions: Key terms used throughout the agreement defined for clarity and precise interpretation

4. Appointment and Scope of Services: Formal appointment of the agent and detailed description of services to be provided

5. Term of Agreement: Duration of the agency relationship, including start date and end date or renewal terms

6. Agent's Rights and Obligations: Detailed responsibilities of the agent including marketing, showing property, tenant screening, and compliance with RERA requirements

7. Landlord's Rights and Obligations: Responsibilities of the landlord including providing accurate information, access to property, and necessary documentation

8. Commission Structure: Detailed breakdown of agent's fees, commission rates, and payment terms

9. Marketing and Advertising: Specifications regarding property marketing, including permitted methods and budget allocation

10. Confidentiality: Provisions regarding handling of confidential information and data protection

11. Termination: Conditions and process for terminating the agreement by either party

12. Dispute Resolution: Process for handling disputes between parties, including mediation and arbitration procedures

13. Governing Law: Specification of Indian law and relevant state jurisdiction governing the agreement

14. General Provisions: Standard clauses including notices, amendments, severability, and entire agreement