The Exclusive Management Agency Agreement Commercial And Industrial is essential for property owners seeking professional management of their commercial or industrial assets in Singapore. This agreement establishes a formal relationship between the property owner and a licensed management agency, granting exclusive rights to manage, market, and maintain the property. Governed by Singapore law, particularly the Estate Agents Act 2010 and related regulations, it provides comprehensive coverage of services including tenant management, maintenance oversight, marketing, and financial administration. The agreement is particularly relevant for complex commercial and industrial properties requiring professional management expertise and consistent service delivery standards.
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1. Parties: Identification of the agency and property owner/client with full legal details
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 exclusive appointment and scope of services
5. Duration: Term of agreement including start and end dates
6. Agency's Obligations: Detailed responsibilities and duties of the agency
7. Client's Obligations: Responsibilities and commitments of the property owner
8. Fees and Commission: Payment terms, commission rates, and payment schedule
9. Termination: Conditions and process for ending the agreement
10. Governing Law: Specification of Singapore law as governing law
1. Marketing Plan: Detailed marketing strategy and commitments for high-value properties requiring specific marketing approaches
2. Performance Metrics: Specific targets and KPIs when performance-based elements are included in the agreement
3. Sub-Agents: Terms for appointment of sub-agents when they may be involved in the agreement
4. Insurance: Specific insurance requirements for high-value properties or specific risk scenarios
1. Property Details Schedule: Detailed description of the property including address, size, features
2. Commission Structure: Detailed breakdown of commission rates and calculation methods
3. Service Level Agreement: Detailed scope of services and performance standards
4. Marketing Materials: Approved marketing materials and guidelines
5. Required Forms: Standard forms required under Estate Agents Act
Relevant legal definitions
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