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Letter Of Termination Real Estate Agent for Malaysia

Letter Of Termination Real Estate Agent Template for Malaysia

A formal document governed by Malaysian law, specifically the Valuers, Appraisers, Estate Agents and Property Managers Act 1981, used to officially terminate the professional services of a registered real estate agent. This document outlines the termination details, including effective date, reason for termination if applicable, and instructions for handling ongoing matters. It ensures compliance with Malaysian real estate regulations while protecting both the principal's and agent's rights during the termination process.

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Letter Of Termination Real Estate Agent

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What is a Letter Of Termination Real Estate Agent?

The Letter of Termination Real Estate Agent is a crucial document used in the Malaysian real estate sector when a property owner or company needs to formally end their relationship with a real estate agent or agency. This document must comply with Malaysian legislation, particularly the Valuers, Appraisers, Estate Agents and Property Managers Act 1981 and related regulations. It's typically used when there's a need to change agents, when services are no longer required, or when there are performance issues. The letter should include specific details about the termination date, handling of ongoing transactions, commission arrangements, and the return of any property-related materials. Understanding local real estate practices and legal requirements is essential for proper implementation.

What sections should be included in a Letter Of Termination Real Estate Agent?

1. Letter Header: Date, recipient's name, agency details, and full address

2. Reference Line: Reference to the original agency agreement including its date and any reference numbers

3. Subject Line: Clear indication that this is a termination notice

4. Opening Statement: Formal opening referencing the agency agreement and declaring intent to terminate

5. Termination Details: Specific date of termination and notice period compliance

6. Reason for Termination: Brief, professional explanation of termination cause if appropriate

7. Final Instructions: Directions regarding handover of property keys, documents, and marketing materials

8. Closing Statement: Professional closing with acknowledgment of services if appropriate

9. Signature Block: Full name, title, and contact information of the sender

What sections are optional to include in a Letter Of Termination Real Estate Agent?

1. Outstanding Commissions: Include when there are pending commissions or financial settlements to be addressed

2. Ongoing Transactions: Include when there are incomplete property transactions that need to be addressed

3. Non-Compete Reminder: Include when the original agreement contained non-compete clauses that survive termination

4. Legal Reservations: Include when needing to reserve legal rights or address potential disputes

5. Transition Plan: Include when a handover to new agent is planned or required

What schedules should be included in a Letter Of Termination Real Estate Agent?

1. Schedule A - Pending Transactions: List of all ongoing property transactions and their current status

2. Schedule B - Commission Calculation: Detailed breakdown of any outstanding or pro-rated commission payments

3. Schedule C - Property Inventory: List of all property-related documents, keys, and marketing materials to be returned

4. Appendix 1 - Original Agency Agreement: Copy of the original agency agreement being terminated

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

Malaysia

Publisher

Genie AI

Cost

Free to use
Relevant legal definitions














Clauses















Relevant Industries

Real Estate

Property Development

Property Management

Commercial Real Estate

Residential Real Estate

Retail Property

Industrial Property

Hospitality

Corporate Real Estate

Mixed-use Development

Relevant Teams

Legal

Property Management

Operations

Corporate Services

Real Estate

Asset Management

Compliance

Contract Administration

Facilities Management

Relevant Roles

Property Manager

Real Estate Director

Facilities Manager

Asset Manager

Property Owner

Managing Director

Legal Counsel

Corporate Services Manager

Operations Manager

Real Estate Portfolio Manager

Property Administrator

Compliance Officer

Contract Manager

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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