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The Broker Lease Commission Agreement is essential for professional real estate transactions in India, establishing clear terms between property owners and brokers for leasing services. This document is typically used when property owners seek to engage professional brokerage services for leasing their properties, ensuring compliance with Indian regulations, particularly RERA. The agreement outlines commission structures, payment schedules, and service scope, while incorporating necessary provisions for GST compliance and state-specific requirements. It protects both parties' interests by clearly defining responsibilities, commission triggers, and dispute resolution mechanisms. The document is particularly relevant in today's regulated Indian real estate market, where professional brokerage services must operate within specific legal frameworks and maintain transparency in their operations.

1. Parties: Identifies the broker/brokerage firm and the client (property owner/landlord) with their complete legal names, addresses, and registration details

2. Background: Explains the context of the agreement, including the intent to lease the property and engage brokerage services

3. Definitions: Defines key terms used throughout the agreement including 'Commission', 'Lease', 'Property', 'Tenant', and 'Term'

4. Appointment and Scope of Services: Details the broker's appointment and specific services to be provided

5. Term of Agreement: Specifies the duration of the brokerage agreement and any renewal provisions

6. Commission Structure: Details the commission rate, calculation method, and payment terms

7. Payment Terms: Specifies when and how commission payments will be made, including any installment arrangements

8. Broker's Obligations: Lists the broker's duties, responsibilities, and service standards

9. Client's Obligations: Outlines the property owner's responsibilities and cooperation requirements

10. Representations and Warranties: Contains statements of fact and promises made by both parties

11. Termination: Describes circumstances and procedures for ending the agreement

12. Confidentiality: Addresses handling of confidential information and privacy obligations

13. Governing Law and Jurisdiction: Specifies applicable law and courts for dispute resolution

14. General Provisions: Includes standard clauses like notices, amendments, and severability