Estate Agency Agreement Template for Pakistan

The Estate Agency Agreement serves as the foundational document establishing the professional relationship between property owners and real estate agents in Pakistan. This agreement is essential when a property owner wishes to engage a professional agent to market, sell, or lease their property. It comprehensively outlines the agent's authority, responsibilities, commission structure, and service obligations while ensuring compliance with Pakistani federal and provincial real estate regulations. The document is particularly important in Pakistan's dynamic real estate market, where clear definition of roles, responsibilities, and compensation is crucial for avoiding disputes. The agreement typically includes specific provisions for marketing strategies, property valuation, showing procedures, and commission terms, all structured within the framework of Pakistani property law and local business practices.

1. Parties: Identification of the property owner/seller and the estate agent/agency, including full legal names, addresses, and registration details

2. Background: Context of the agreement, including brief description of the property and the owner's intention to engage the agent

3. Definitions: Key terms used throughout the agreement, including technical and legal terminology

4. Appointment and Authority: Formal appointment of the agent and scope of authority granted

5. Services: Detailed description of services to be provided by the agent

6. Duration: Term of the agreement, including start date and termination provisions

7. Commission Structure: Details of agent's fees, commission rates, and payment terms

8. Agent's Obligations: Specific duties and responsibilities of the agent

9. Owner's Obligations: Responsibilities and commitments of the property owner

10. Marketing and Advertising: Terms regarding property marketing, including methods and budget

11. Confidentiality: Provisions for handling confidential information

12. Termination: Conditions and procedures for terminating the agreement

13. Governing Law: Specification of Pakistani law as governing law and relevant jurisdiction

14. Dispute Resolution: Process for resolving disputes between parties

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