Buyer Tenant Representation Agreement Template for Pakistan

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Key Requirements PROMPT example:

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."

Document background
The Buyer Tenant Representation Agreement is a crucial document in Pakistani real estate transactions, used when a prospective tenant or buyer seeks professional assistance in finding and securing suitable property. This agreement, governed by Pakistani law including the Transfer of Property Act 1882 and Contract Act 1872, establishes the formal relationship between the client and the real estate agent/broker. It comprehensively details the agent's duties, client's obligations, compensation terms, and scope of representation. The document is essential for protecting both parties' interests, ensuring clear communication of expectations, and establishing a legally binding framework for the property search and acquisition process. It's particularly important in commercial and high-value residential transactions where professional representation is crucial for navigating the complexities of the Pakistani real estate market.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

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

Relevant Industries

Real Estate

Commercial Property

Residential Property

Retail

Industrial

Office Space

Hospitality

Healthcare

Education

Technology

Manufacturing

Logistics

Professional Services

Relevant Teams

Real Estate

Facilities

Operations

Finance

Legal

Procurement

Business Development

Property Management

Corporate Services

Administration

Risk Management

Compliance

Relevant Roles

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

Industries
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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