Tenant Placement Agreement Template for India

The Tenant Placement Agreement serves as a crucial legal document in the Indian real estate market, establishing the terms and conditions between property owners and professional agencies specializing in tenant placement services. This agreement becomes necessary when property owners seek professional assistance in finding, screening, and placing qualified tenants for their properties. The document, compliant with RERA and state-specific regulations, typically includes detailed service specifications, commission structures, and liability provisions. It's particularly relevant in urban markets where professional tenant placement services are in high demand, and where both residential and commercial property owners require standardized, legally-compliant tenant sourcing services. The agreement protects both parties' interests while ensuring transparency in the tenant placement process within the Indian legal framework.

1. Parties: Identifies the property owner and the tenant placement agency, including their full legal names, addresses, and registration details

2. Background: Explains the context of the agreement - that the owner wishes to engage the agency to find suitable tenants for their property

3. Definitions: Defines key terms used throughout the agreement including 'Property', 'Services', 'Tenant', 'Commission', etc.

4. Scope of Services: Details the specific services the agency will provide, including marketing, tenant screening, documentation preparation

5. Agency's Obligations: Lists the responsibilities and duties of the placement agency, including professional standards and timeline commitments

6. Property Owner's Obligations: Outlines the owner's responsibilities, including providing accurate property information and necessary documentation

7. Fees and Payment Terms: Specifies the agency's commission structure, payment timeline, and any additional charges

8. Term and Termination: States the duration of the agreement and conditions for termination by either party

9. Confidentiality: Addresses the handling of confidential information shared between parties

10. Liability and Indemnification: Defines the extent of the agency's liability and indemnification provisions

11. Governing Law and Jurisdiction: Specifies that Indian law governs the agreement and designates jurisdiction for dispute resolution