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The Exclusive Rental Listing Agreement is a crucial document in Canadian real estate practice, used when property owners wish to engage a single real estate brokerage to handle the listing and marketing of their rental property. This agreement provides the brokerage with exclusive rights to market the property and procure tenants, protecting their interests while ensuring professional representation for the property owner. The document typically includes detailed provisions about marketing strategies, commission structures, service obligations, and property details, all tailored to comply with relevant provincial real estate regulations and federal laws. It's particularly important for establishing clear boundaries of authority, preventing multiple listing conflicts, and ensuring professional marketing of the property. The agreement's exclusivity clause means that during the contract period, the owner cannot list the property with other brokerages or directly rent it to tenants without compensating the designated brokerage.

1. Parties: Identifies and provides full legal details of the property owner(s) and the real estate brokerage/agent

2. Background: Establishes the context of the agreement, including property owner's intention to list the property for rent

3. Definitions: Defines key terms used throughout the agreement including 'Property', 'Listing Period', 'Rental Rate', 'Commission'

4. Appointment and Authority: Grants exclusive authority to the brokerage to list and market the rental property

5. Property Description: Detailed description of the rental property, including address and legal description

6. Listing Term: Specifies the duration of the exclusive listing agreement, including start and end dates

7. Rental Terms: Outlines the proposed rental terms including desired rental rate, security deposit, and lease duration

8. Commission Structure: Details the commission rate and payment terms, including when commission becomes payable

9. Brokerage Services: Specifies the services to be provided by the brokerage in marketing and showing the property

10. Owner's Representations and Warranties: Owner's confirmations regarding property ownership, authority to rent, and property condition

11. Owner's Obligations: Outlines the owner's responsibilities during the listing period

12. Marketing Authorization: Permits the brokerage to advertise the property and use various marketing methods

13. Termination: Conditions and process for terminating the agreement

14. Governing Law: Specifies that the agreement is governed by Canadian law and the applicable provincial jurisdiction

15. Entire Agreement: Confirms that the document represents the complete agreement between the parties