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Leasing Agent Contract Template for Singapore

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Key Requirements PROMPT example:

Leasing Agent Contract

"I need a Leasing Agent Contract for our Singapore real estate agency to engage a new senior agent who will focus exclusively on high-end residential properties in the central region, with a graduated commission structure starting at 5% and increasing based on performance targets."

What is a Leasing Agent Contract?

The Leasing Agent Contract is essential for formalizing the relationship between real estate agencies and their leasing agents in Singapore. This document is typically used when engaging new agents or renewing existing arrangements, ensuring compliance with Singapore's Estate Agents Act 2010 and Council for Estate Agencies (CEA) regulations. The contract covers crucial aspects including commission structures, professional obligations, compliance requirements, and performance standards. It provides legal protection for both parties while ensuring adherence to Singapore's strict real estate agency regulations and professional standards.

What sections should be included in a Leasing Agent Contract?

1. Parties: Identification of the Principal (company/agency) and the Agent, including registration details

2. Background: Context of the agreement and relationship between parties

3. Definitions: Key terms used throughout the agreement

4. Appointment and Scope: Terms of appointment and detailed scope of services

5. Agent's Obligations: Core duties, responsibilities, and professional standards

6. Commission Structure: Payment terms, commission rates, and calculation methods

7. Compliance Requirements: Regulatory compliance obligations and professional standards

8. Term and Termination: Duration of agreement and termination provisions

9. Confidentiality: Protection of confidential information and trade secrets

What sections are optional to include in a Leasing Agent Contract?

1. Training Requirements: Professional development obligations - use when specific training requirements need to be included for new agents

2. Marketing Standards: Guidelines for advertising and promotion - include when agent has marketing responsibilities

3. Performance Targets: Specific KPIs and metrics - include when performance-based incentives are part of the agreement

4. Non-Compete Clause: Restrictions on competitive activities - include for senior agents or specialized markets

What schedules should be included in a Leasing Agent Contract?

1. Commission Schedule: Detailed breakdown of commission structures and calculations

2. Territory Schedule: Defined geographical areas or property types covered

3. Professional Standards Guidelines: Detailed professional conduct requirements

4. Required Forms and Ƶ: Standard documentation to be used by the agent

5. Insurance Requirements: Details of required professional indemnity insurance

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

Relevant legal definitions






























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Industries

Estate Agents Act 2010: Primary legislation governing real estate agents in Singapore, covering licensing requirements, professional duties and obligations, and code of ethics and conduct

Council for Estate Agencies (CEA) Regulations: Regulatory framework covering registration requirements for property agents, professional standards and guidelines, continuing education requirements, and practice guidelines

Estate Agents (Estate Agency Work) Regulations 2010: Specific regulations governing estate agency work, including commission structures and documentation requirements

Personal Data Protection Act (PDPA): Legislation governing the handling of personal data, privacy requirements, and data protection obligations in Singapore

Contract Law (Chapter 53): Basic contract formation principles, terms and conditions, and rights and obligations of parties in Singapore

Competition Act: Legislation governing fair competition practices and anti-competitive behavior provisions

Employment Act: Legislation covering employment terms and conditions, relevant if the agent is considered an employee rather than independent contractor

Income Tax Act: Tax legislation governing tax obligations and commission reporting requirements

AML/CFT Requirements: Anti-Money Laundering and Countering the Financing of Terrorism requirements, including due diligence obligations and reporting requirements

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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