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The Agreement Between Landlord And Letting Agent is a vital document in Philippine real estate practice, essential when property owners wish to delegate property management responsibilities to professional agents. This agreement is particularly relevant in urban areas with high rental activity and is structured to comply with the Real Estate Service Act (RESA Law), the Civil Code of the Philippines, and other relevant property legislation. It's commonly used when landlords require comprehensive property management services, including marketing, tenant screening, rent collection, and property maintenance. The document should be customized based on the property type (residential, commercial, or industrial) and the scope of services required, while ensuring all terms align with Philippine legal requirements for real estate service practitioners.

1. Parties: Identification of the Landlord and the Letting Agent, including complete legal names, addresses, and registration details of the agent under RESA Law

2. Background: Context of the agreement, including brief description of the property portfolio and the intention to appoint a letting agent

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

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

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 of the landlord, including providing necessary documentation, maintaining the property, and cooperating with the agent

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

8. Marketing and Advertising: Specifications for property marketing, including permitted methods and cost responsibilities

9. Tenant Management: Procedures for tenant selection, screening, and management

10. Financial Management: Handling of rent collection, deposits, and financial reporting

11. Termination: Conditions and procedures for terminating the agreement by either party

12. Liability and Indemnification: Scope of agent's liability and indemnification provisions

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

14. Notices: Process for formal communications between parties

15. General Provisions: Standard clauses including severability, entire agreement, and amendments