The Tenant Agency Agreement serves as a crucial document in the U.S. real estate market, establishing the formal relationship between a tenant seeking rental property and their chosen real estate representative. This agreement is particularly important in competitive rental markets where professional representation can provide significant advantages. The document typically includes detailed service descriptions, commission structures, and duration terms, while ensuring compliance with both federal and state-specific real estate regulations. It protects both parties' interests by clearly defining the scope of the agent's duties and the tenant's obligations throughout the property search process.
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1. Parties: Identification of the tenant and the agent, including full legal names and addresses
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of services the agent will provide
5. Agent's Responsibilities: Specific duties and obligations of the agent
6. Tenant's Responsibilities: Specific duties and obligations of the tenant
7. Term and Termination: Duration of agreement and termination conditions
8. Compensation: Fee structure and payment terms
1. Exclusivity: Terms of exclusive representation, applicable when the agreement is exclusive
2. Virtual Services: Provisions for remote or digital services, including virtual property viewings
3. International Considerations: Special provisions for international clients and non-US residents
1. Schedule A - Fee Schedule: Detailed breakdown of all fees and charges
2. Schedule B - Services Description: Comprehensive list of services provided
3. Appendix 1 - Agency Disclosure Form: State-required agency relationship disclosure
4. Appendix 2 - Property Requirements: Tenant's specific property requirements and preferences
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