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Buyer Tenant Representation Agreement
"I need a Buyer Tenant Representation Agreement for a tech company seeking to lease 10,000 square feet of office space in Karachi, with exclusive representation for 6 months starting January 2025, including specific provisions for fit-out negotiations and staged occupancy."
1. Parties: Identifies and provides full details of the real estate agent/broker and the prospective tenant/buyer, including business/residential addresses and contact information
2. Background: Explains the context of the agreement - that the client wishes to engage the agent to assist in finding and securing suitable property for lease/purchase
3. Definitions: Defines key terms used throughout the agreement including 'Property Requirements', 'Territory', 'Commission', 'Exclusive Representation', etc.
4. Appointment and Scope of Services: Details the client's appointment of the agent and comprehensive list of services to be provided
5. Term and Termination: Specifies the duration of the agreement, renewal provisions, and circumstances under which either party may terminate
6. Agent's Obligations: Lists the agent's duties including property search, negotiations, due diligence, and professional conduct requirements
7. Client's Obligations: Outlines the client's responsibilities including providing accurate requirements, cooperating with the agent, and maintaining exclusivity if applicable
8. Compensation: Details the fee structure, payment terms, and conditions under which commission becomes payable
9. Confidentiality: Addresses the handling and protection of confidential information shared during the engagement
10. Representations and Warranties: Contains standard representations about the agent's qualifications and client's authority to enter into the agreement
11. Governing Law and Jurisdiction: Specifies that Pakistani law governs the agreement and designates courts for dispute resolution
1. Exclusive Agency Rights: Optional section for exclusive representation arrangements, defining the terms of exclusivity and consequences of breach
2. Sub-Agency: Include when the agent may need to engage other agents or professionals, defining the terms of such arrangements
3. Force Majeure: Add when specific provisions for unforeseen circumstances affecting performance are needed
4. Insurance Requirements: Include when specific insurance coverage requirements need to be detailed
5. Conflict Resolution: Optional detailed dispute resolution procedures including mediation before litigation
6. Assignment Rights: Include when either party may need to transfer their rights under the agreement
7. Marketing Authorization: Add when specific marketing activities and client approvals need to be detailed
1. Schedule A - Property Requirements: Detailed specifications of the client's property requirements including location, size, budget, and essential features
2. Schedule B - Fee Structure: Detailed breakdown of all fees, commissions, and payment terms including any success fees or retainer arrangements
3. Schedule C - Services Description: Comprehensive list of specific services to be provided by the agent
4. Schedule D - Territory Definition: Detailed description of the geographical area covered by the agreement
5. Appendix 1 - Agent's Credentials: Copies of agent's licenses, certifications, and professional memberships
6. Appendix 2 - Power of Attorney: If required, formal authorization for the agent to act on behalf of the client in specific matters
7. Appendix 3 - Communication Protocol: Agreed procedures for regular updates, reporting, and communication between parties
Authors
Agreement
Authorized Representative
Business Day
Client
Commission
Confidential Information
Effective Date
Exclusive Period
Force Majeure Event
Lease
Letter of Intent
Market Rate
Property
Property Requirements
Prospective Landlord
Real Estate Transaction
Related Persons
Representative Services
Service Fee
Success Fee
Term
Territory
Transaction Documents
Working Hours
Scope of Services
Term
Exclusivity
Agent Obligations
Client Obligations
Compensation
Payment Terms
Confidentiality
Non-Disclosure
Representations and Warranties
Liability
Indemnification
Force Majeure
Termination
Assignment
Notices
Amendments
Entire Agreement
Severability
Governing Law
Dispute Resolution
Authority
Good Faith
Conflict of Interest
Insurance
Record Keeping
Reporting
Sub-Agency
Property Requirements
Commission Structure
Real Estate
Commercial Property
Residential Property
Retail
Industrial
Office Space
Hospitality
Healthcare
Education
Technology
Manufacturing
Logistics
Professional Services
Real Estate
Facilities
Operations
Finance
Legal
Procurement
Business Development
Property Management
Corporate Services
Administration
Risk Management
Compliance
Real Estate Agent
Property Broker
Facilities Manager
Corporate Real Estate Manager
Chief Financial Officer
Operations Director
Property Consultant
Real Estate Advisor
Business Development Manager
Location Planning Manager
Expansion Manager
Legal Counsel
Procurement Manager
Real Estate Portfolio Manager
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