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Agent And Landlord Agreement for India

Agent And Landlord Agreement Template for India

A comprehensive legal agreement governed by Indian law that establishes the professional relationship between a property owner (landlord) and a real estate agent or agency. The document outlines the terms and conditions for property management services, including marketing, tenant sourcing, rent collection, and property maintenance. It complies with the Real Estate (Regulation and Development) Act (RERA) and other relevant Indian legislation, defining commission structures, service scope, and mutual obligations while providing clear guidelines for dispute resolution and termination procedures.

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Agent And Landlord Agreement

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What is a Agent And Landlord Agreement?

The Agent And Landlord Agreement is essential for formalizing the relationship between property owners and real estate professionals in India. This document is typically used when a landlord wishes to engage a professional agent or agency to manage their property portfolio, whether for single or multiple properties. It encompasses crucial elements such as RERA compliance, commission structures, service scope, and legal obligations under Indian law. The agreement is particularly important given India's complex real estate regulatory environment, which requires strict compliance with RERA regulations, state-specific property laws, and professional licensing requirements. It serves as a comprehensive framework for protecting both parties' interests while ensuring transparent and professional property management services.

What sections should be included in a Agent And Landlord Agreement?

1. Parties: Identification of the landlord and the real estate agent, including RERA registration details for the agent

2. Background: Context of the agreement and brief description of the property management requirements

3. Definitions: Key terms used throughout the agreement including Property, Services, Commission, Term, etc.

4. Appointment and Term: Formal appointment of the agent and duration of the agreement

5. Agent's Services and Responsibilities: Comprehensive list of services to be provided by the agent including marketing, tenant screening, rent collection, etc.

6. Landlord's Obligations: Responsibilities and commitments of the landlord including providing necessary documents and maintaining the property

7. Commission Structure: Detailed breakdown of agent's fees, commission rates, and payment terms

8. Property Management: Specific terms regarding day-to-day property management and maintenance procedures

9. Compliance and Legal Requirements: Obligations regarding RERA compliance, documentation, and other legal requirements

10. Termination: Conditions and procedures for terminating the agreement

11. Indemnification and Liability: Terms regarding liability, insurance requirements, and indemnification provisions

12. Dispute Resolution: Process for handling disputes including mediation and arbitration procedures

13. Governing Law: Specification of Indian law as governing law and jurisdiction

14. General Provisions: Standard clauses including notices, amendments, entire agreement, etc.

What sections are optional to include in a Agent And Landlord Agreement?

1. Exclusive Agency Rights: Used when the agent is granted exclusive rights to market and manage the property

2. Multiple Property Management: Include when agreement covers multiple properties

3. Sub-Agency Authorization: Terms for allowing the agent to appoint sub-agents

4. Digital Services: Include when agent provides online property management or digital marketing services

5. Special Property Features: For properties with unique features requiring special management

6. International Tenant Provisions: Include for properties targeting international tenants

7. Property Development Services: When agent is authorized to oversee property improvements or renovations

What schedules should be included in a Agent And Landlord Agreement?

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

2. Schedule B - Commission Structure: Detailed breakdown of commission rates, calculation methods, and payment terms

3. Schedule C - Services Scope: Comprehensive list of included and excluded services

4. Schedule D - Required Documentation: List of necessary documents, certificates, and permits

5. Schedule E - Property Management Guidelines: Specific procedures for property maintenance and emergency responses

6. Appendix 1 - RERA Compliance Checklist: Checklist ensuring compliance with RERA requirements

7. Appendix 2 - Standard Operating Procedures: Detailed procedures for routine property management tasks

Authors

Alex Denne

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

Jurisdiction

India

Publisher

Genie AI

Document Type

Agency Agreement

Cost

Free to use
Relevant legal definitions

































Clauses



































Relevant Industries

Real Estate

Property Management

Residential Property

Commercial Property

Retail Property

Industrial Property

Hospitality Property

Mixed-Use Development

Relevant Teams

Legal

Real Estate

Property Management

Operations

Facilities Management

Asset Management

Contract Administration

Compliance

Business Development

Client Services

Relevant Roles

Property Manager

Real Estate Agent

Leasing Manager

Property Owner

Asset Manager

Facilities Manager

Real Estate Broker

Property Management Director

Leasing Consultant

Real Estate Operations Manager

Portfolio Manager

Property Services Coordinator

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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