Lease Listing Agreement Template for Singapore

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Key Requirements PROMPT example:

Lease Listing Agreement

"I need a Lease Listing Agreement for my luxury condo in Singapore's Orchard Road area, with exclusive marketing rights for 6 months starting January 2025, and specific provisions for international marketing targeting expatriate tenants."

Document background

A Lease Listing Agreement serves as the foundational document establishing the professional relationship between property owners and real estate agents in Singapore's property market. This document is essential when property owners wish to engage professional assistance in marketing and leasing their properties. The agreement must comply with CEA guidelines and includes crucial details such as property information, commission structures, marketing authorizations, and service terms. It provides legal protection for all parties and ensures transparency in the leasing process, while adhering to Singapore's strict real estate regulatory framework.

Suggested Sections

1. Parties: Identification of the property owner and the estate agent/agency

2. Background: Context of the listing arrangement and property details

3. Definitions: Key terms used throughout the agreement

4. Appointment and Authority: Scope of agent's authority to market and lease the property

5. Commission Structure: Details of fees and payment terms

6. Duration and Termination: Term of agreement and termination conditions

7. Obligations of Parties: Responsibilities of both owner and agent

Optional Sections

1. Exclusivity Clause: Additional terms when the listing is exclusive to one agent - typically used for premium properties or upon owner's request

2. Marketing Budget: Specific marketing commitments and cost allocation - used for high-end properties requiring substantial marketing

3. International Marketing: Provisions for overseas marketing efforts - used for luxury properties targeting foreign tenants

Suggested Schedules

1. Property Details Schedule: Detailed description of property and amenities

2. Marketing Plan: Proposed marketing activities and timeline

3. Commission Schedule: Detailed breakdown of commission structure

4. Property Photographs: Approved photographs for marketing use

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Residential Real Estate
Commercial Real Estate
Hospitality

Relevant Teams

Real Estate
Legal
Operations
Business Development
Asset Management

Relevant Roles

Real Estate Agent
Property Manager
Leasing Manager
Real Estate Director

Industries

Estate Agents Act 2010: Primary legislation governing real estate agency work in Singapore, establishing the regulatory framework and licensing requirements

Estate Agents (Estate Agency Work) Regulations 2010: Detailed regulations specifying requirements for estate agents' conduct, duties, and responsibilities in Singapore

Estate Agents (Dispute Resolution Schemes) Regulations 2010: Regulations outlining dispute resolution procedures and mechanisms for real estate agency matters

Council for Estate Agencies (CEA) Guidelines: Regulatory guidelines issued by CEA governing professional conduct, ethical standards, and best practices for property agents

Residential Property Act: Legislation governing residential property transactions and ownership restrictions in Singapore

Planning Act: Law controlling land use and property development in Singapore

Contract Law (Amendment) Act 2012: Legislation governing formation and enforcement of contracts in Singapore, including real estate agreements

Electronic Transactions Act: Law governing electronic contracts and digital signatures, relevant for online property transactions

Consumer Protection (Fair Trading) Act: Legislation protecting consumers' interests in transactions, including real estate dealings

Personal Data Protection Act 2012: Law governing the collection, use, and disclosure of personal data in Singapore, applicable to property transactions

mandatory Disclosure Requirements: Legal obligation for agents to disclose material facts about properties and transaction terms

Commission Structure Regulations: Rules governing payment terms and commission structures for property agents

CEA Prescribed Estate Agency Agreements: Standardized forms and agreements prescribed by CEA for property transactions

Marketing Rights Framework: Regulations governing property marketing activities and advertising restrictions

Professional Liability Requirements: Legal requirements for professional indemnity and liability coverage for estate agents

Anti-Money Laundering Compliance: Regulations requiring proper due diligence and prevention of money laundering in property transactions

How Genie AI reduced drafting time by 75% for a legal firm

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Authors

Alex Denne

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