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Listing Agreement Termination

Listing Agreement Termination Template for New Zealand

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Key Requirements PROMPT example:

Listing Agreement Termination

"I need a Listing Agreement Termination document for my Auckland property at 123 Harbor View Road, with an effective termination date of March 15, 2025, due to mutual agreement with the agency, with no outstanding fees or marketing costs to be settled."

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Document background
The Listing Agreement Termination is a crucial document used in New Zealand real estate transactions when either the property owner or the real estate agency wishes to end their listing agreement before its natural expiration, or to formally document the end of the agreement term. This document ensures compliance with New Zealand's Real Estate Agents Act 2008 and related regulations, providing a clear record of the termination and addressing key aspects such as the effective date of termination, handling of any outstanding obligations, and mutual release of future commitments. The document is essential for risk management and maintaining clear business records, particularly important in cases where the property might be relisted with another agency or where there are outstanding matters to be resolved.
Suggested Sections

1. Date and Address Block: Standard letter heading with current date and recipient's address details

2. Reference Line: Clear reference to the original listing agreement and property details

3. Parties: Identification of property owner(s) and real estate agency

4. Termination Statement: Clear statement of intent to terminate the listing agreement and effective date

5. Agreement Details: Reference to the original listing agreement date and property address

6. Reason for Termination: Brief explanation of the termination reason if applicable

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

8. Outstanding Matters: Statement addressing any pending issues or obligations

9. Confirmation Request: Request for acknowledgment and confirmation of the termination

10. Signature Block: Space for signatures of all parties

Optional Sections

1. Fee Settlement: Required when there are outstanding fee discussions or disputes to be resolved

2. Marketing Costs Reconciliation: Include when there are marketing expenses to be settled or reimbursed

3. Confidentiality: Include when specific confidentiality obligations need to continue post-termination

4. Property Marketing Materials: Include when addressing the handling of marketing materials and photographs

5. Transition Arrangements: Required when specific arrangements are needed for transitioning to a new agent

Suggested Schedules

1. Schedule A - Property Details: Detailed description of the property that was subject to the listing agreement

2. Schedule B - Cost Reconciliation: Itemized list of any outstanding costs or fees

3. Schedule C - Marketing Materials Inventory: List of all marketing materials and their disposition

4. Appendix 1 - Original Listing Agreement: Copy of the original listing agreement being terminated

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Real Estate

Property Development

Property Investment

Professional Services

Legal Services

Property Management

Relevant Teams

Legal

Compliance

Real Estate Sales

Property Management

Operations

Risk Management

Administrative Support

Contract Management

Relevant Roles

Real Estate Agent

Property Manager

Real Estate Branch Manager

Agency Director

Legal Counsel

Compliance Officer

Property Developer

Sales Manager

Contract Administrator

Real Estate Operations Manager

Industries
Real Estate Agents Act 2008: Primary legislation governing real estate agency practices in New Zealand, including requirements for agency agreements and their termination
Fair Trading Act 1986: Ensures fair trading practices and protects consumers' interests in commercial transactions, including real estate matters
Contract and Commercial Law Act 2017: Provides the legal framework for contract formation, interpretation, and termination in New Zealand
Real Estate Agents (Professional Conduct and Client Care) Rules 2012: Sets out specific rules for real estate agents' professional conduct and their obligations regarding agency agreements, including termination procedures
Privacy Act 2020: Governs the handling of personal information in business relationships, including the protection of client data during and after agreement 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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