Owner Agent Agreement Template for Singapore

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Key Requirements PROMPT example:

Owner Agent Agreement

"I need an Owner Agent Agreement for my luxury condominium in Singapore, with exclusive marketing rights for 6 months starting January 2025, including international marketing provisions and specific commission structures for both sale and rental scenarios."

Document background

The Owner Agent Agreement is a crucial document in Singapore's real estate industry that formalizes the professional relationship between property owners and their chosen real estate agents. This agreement is essential when property owners seek professional representation for selling, leasing, or managing their properties. It must comply with Singapore's Estate Agents Act 2010 and the Council for Estate Agencies' guidelines, which regulate the real estate agency industry. The document typically includes detailed terms about marketing strategies, commission structures, service scope, and both parties' obligations, while adhering to Singapore's specific property market regulations and requirements.

Suggested Sections

1. Parties: Identification and details of the property owner and the appointed agent

2. Background: Context of the agreement and brief description of the property

3. Definitions: Key terms used throughout the agreement

4. Appointment and Scope: Terms of agent appointment and specific services to be provided

5. Duration: Term of the agreement including start and end dates

6. Agent's Obligations: Detailed responsibilities and duties of the agent

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

8. Commission Structure: Details of fees, commission rates, and payment terms

9. Termination: Conditions and process for ending the agreement

Optional Sections

1. Exclusivity: Terms of exclusive appointment, used when the owner agrees to work exclusively with one agent

2. Marketing Strategy: Specific marketing approaches and commitments, included when detailed marketing plans are part of the agreement

3. Sub-Agents: Terms for appointing and managing sub-agents, used when sub-agents may be involved

4. International Marketing: Specific provisions for international marketing, included when property is marketed to overseas buyers

Suggested Schedules

1. Property Details Schedule: Detailed description of the property including address, size, features

2. Commission Schedule: Detailed breakdown of commission structures and scenarios

3. Marketing Plan: Detailed marketing strategy and timeline

4. Required Documents: List of documents required from owner for marketing purposes

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

Real Estate
Property Development
Property Investment
Commercial Real Estate

Relevant Teams

Real Estate Operations
Legal
Compliance
Business Development
Property Management

Relevant Roles

Real Estate Agent
Property Manager
Real Estate Director
Compliance Officer
Legal Counsel

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Let's create your Owner Agent Agreement

Authors

Alex Denne

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