Buyer Tenant Representation Agreement Template for India

The Buyer Tenant Representation Agreement serves as a foundational document for businesses and individuals seeking professional assistance in their property search and lease negotiation process within India. This agreement is particularly crucial in the Indian real estate market, where navigating property transactions requires local expertise and market knowledge. The document establishes the exclusive or non-exclusive nature of the representation, details the scope of services to be provided, and outlines the fee structure and payment terms. It includes specific provisions compliant with Indian real estate regulations, including RERA requirements where applicable. The agreement protects both parties' interests by clearly defining roles, responsibilities, and expectations throughout the property search and lease negotiation process. Used primarily when a tenant requires professional representation in finding and securing suitable rental property, this document forms the legal basis for the relationship between the client and their chosen real estate representative.

1. Parties: Identification of the tenant (client) and the real estate representative/agency, including full legal names, addresses, and registration details

2. Background: Context of the agreement, including the tenant's intention to lease property and appointment of the representative

3. Definitions: Key terms used throughout the agreement, including 'Services', 'Property Requirements', 'Commission', etc.

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

5. Term and Exclusivity: Duration of the agreement and whether the representation is exclusive or non-exclusive

6. Representative's Obligations: Detailed responsibilities including property search, negotiations, due diligence, and reporting

7. Client's Obligations: Tenant's responsibilities including providing accurate requirements, cooperating with the representative, and paying fees

8. Fees and Payment Terms: Structure and timing of fees, including commission rates and payment conditions

9. Confidentiality: Obligations regarding confidential information shared during the engagement

10. Representations and Warranties: Standard declarations by both parties regarding authority, capacity, and compliance

11. Liability and Indemnification: Limitation of liability and mutual indemnification provisions

12. Termination: Circumstances and process for ending the agreement, including notice requirements

13. Governing Law and Dispute Resolution: Applicable law and method of resolving disputes

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