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Exclusive Leasing Agency Agreement for Philippines

Exclusive Leasing Agency Agreement Template for Philippines

A comprehensive legal agreement governed by Philippine law that establishes an exclusive relationship between a property owner and a real estate agency for leasing services. The document grants the agency sole rights to market, advertise, and secure tenants for the specified property during an agreed period. It complies with the Real Estate Service Act (RESA) of 2009 and related Philippine regulations, detailing commission structures, service scope, obligations of both parties, and marketing requirements. The agreement includes specific provisions for property access, confidentiality, and termination terms while ensuring alignment with local real estate practices and legal requirements.

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What is a Exclusive Leasing Agency Agreement?

The Exclusive Leasing Agency Agreement is a crucial document in Philippine real estate transactions, used when property owners wish to delegate all leasing responsibilities to a single professional agency. This agreement, governed by Philippine law including the Real Estate Service Act (RESA) of 2009, establishes an exclusive arrangement where one agency holds sole rights to market and lease the property. It's particularly valuable for owners seeking professional representation and streamlined property leasing management, whether for commercial, residential, or mixed-use properties. The document typically includes detailed provisions for commission structures, marketing obligations, property access arrangements, and service standards, while ensuring compliance with local real estate regulations and professional practice requirements. It's commonly used by both individual and corporate property owners who want to ensure consistent, professional handling of their property leasing activities through a single point of contact.

What sections should be included in a Exclusive Leasing Agency Agreement?

1. Parties: Identification of the Property Owner and the Exclusive Leasing Agent, including complete legal names and addresses

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

3. Definitions: Key terms used throughout the agreement, including 'Property', 'Exclusive Period', 'Commission', 'Lease Agreement', etc.

4. Appointment and Scope: Formal appointment of the agent and detailed scope of the exclusive agency services

5. Duration of Exclusive Appointment: Term of the exclusive agency agreement, including start date and initial period

6. Agent's Rights and Obligations: Comprehensive list of the agent's responsibilities, rights, and service commitments

7. Owner's Rights and Obligations: Property owner's responsibilities, including provision of information and cooperation requirements

8. Commission Structure: Detailed breakdown of commission rates, payment terms, and conditions for commission eligibility

9. Marketing and Promotion: Requirements and agreements regarding property marketing, advertising, and promotion activities

10. Property Access and Viewings: Terms governing access to the property for viewings and inspections

11. Confidentiality: Provisions regarding confidential information and its protection

12. Representations and Warranties: Standard representations and warranties from both parties

13. Termination: Conditions and procedures for terminating the agreement

14. General Provisions: Standard boilerplate clauses including notices, amendments, governing law, etc.

What sections are optional to include in a Exclusive Leasing Agency Agreement?

1. Sub-Agents: Include when the agent may need to appoint sub-agents or cooperating brokers

2. International Marketing: Include when the property may be marketed to international tenants

3. Virtual Tours and Digital Marketing: Include specific provisions for digital marketing requirements and virtual viewing arrangements

4. Property Management Services: Include if the agent will provide additional property management services

5. Force Majeure: Include specific provisions for unforeseen circumstances affecting the agreement

6. Anti-Money Laundering Compliance: Include detailed compliance requirements for high-value properties or when dealing with foreign tenants

7. Data Protection: Include when handling significant personal data or operating with international clients

What schedules should be included in a Exclusive Leasing Agency Agreement?

1. Schedule 1 - Property Details: Detailed description of the property, including address, specifications, and amenities

2. Schedule 2 - Commission Rates: Detailed breakdown of commission structures for different lease terms and conditions

3. Schedule 3 - Marketing Plan: Specific marketing strategies, platforms, and activities to be undertaken

4. Schedule 4 - Property Documentation: List of required property documents, certificates, and permits

5. Schedule 5 - Approved Lease Terms: Pre-approved terms and conditions for potential lease agreements

6. Appendix A - Standard Operating Procedures: Detailed procedures for property viewings, tenant screening, and lease processing

7. Appendix B - Reporting Ƶ: Standard formats for regular reporting and communications

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Philippines

Publisher

Ƶ

Document Type

Agency Agreement

Cost

Free to use
Relevant legal definitions
































Clauses









































Relevant Industries

Real Estate

Commercial Property

Residential Property

Retail

Office Space

Industrial Property

Hospitality

Mixed-Use Development

Shopping Centers

Warehousing

Corporate Real Estate

Luxury Real Estate

Relevant Teams

Legal

Real Estate

Property Management

Business Development

Operations

Compliance

Contract Administration

Asset Management

Facilities Management

Risk Management

Relevant Roles

Real Estate Broker

Property Manager

Legal Counsel

Real Estate Agent

Leasing Manager

Asset Manager

Property Owner

Commercial Property Manager

Real Estate Director

Contracts Manager

Business Development Manager

Compliance Officer

Real Estate Operations 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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