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Buyer Tenant Agency Contract for Philippines

Buyer Tenant Agency Contract Template for Philippines

This document establishes a professional agency relationship between a real estate agent/broker and a client seeking both rental and potential purchase services in the Philippines. It is governed by Philippine law, particularly the Real Estate Service Act (RESA) and the Civil Code of the Philippines. The agreement outlines the agent's responsibilities in finding suitable properties, negotiating terms, and facilitating both rental and potential purchase transactions, while protecting the interests of both parties and ensuring compliance with local real estate regulations and practices.

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What is a Buyer Tenant Agency Contract?

The Buyer Tenant Agency Contract is a specialized agreement used in the Philippine real estate market when a client requires professional representation for both renting and potentially purchasing property. This dual-purpose document is particularly relevant in situations where tenants wish to explore rent-to-own arrangements or maintain the option to purchase while renting. The contract, governed by Philippine law including the Real Estate Service Act (RESA) and Civil Code, details the scope of the agent's services, commission structures for both rental and purchase scenarios, and the rights and obligations of all parties involved. It includes specific provisions for property search criteria, negotiation authority, and the transition from rental to purchase if applicable. The document is essential for protecting both the agent's and client's interests while ensuring compliance with Philippine real estate regulations and professional standards.

What sections should be included in a Buyer Tenant Agency Contract?

1. Parties: Identifies the real estate agent/broker and the client (buyer-tenant), including their complete legal names, addresses, and contact details

2. Background: Explains the context of the agreement, including the client's intention to rent with potential future purchase, and the agent's qualifications and licenses

3. Definitions: Defines key terms used throughout the agreement, including 'Property Requirements', 'Agency Services', 'Commission', etc.

4. Appointment and Scope of Authority: Details the client's appointment of the agent and the specific powers granted to the agent

5. Agent's Services and Obligations: Comprehensive list of services the agent will provide, including property search, negotiation, and documentation assistance

6. Client's Obligations: Specifies the client's responsibilities, including providing accurate requirements, responding to proposals, and maintaining communication

7. Commission Structure: Details the agent's compensation for both rental and purchase transactions

8. Term and Termination: Specifies the duration of the agreement and conditions for termination

9. Confidentiality: Outlines the handling of confidential information shared between parties

10. Liability and Indemnification: Defines the extent of agent's liability and client's indemnification obligations

11. Governing Law and Jurisdiction: Specifies Philippine law as governing law and defines jurisdiction for dispute resolution

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

What sections are optional to include in a Buyer Tenant Agency Contract?

1. Exclusive Agency: Used when the agreement is exclusive, preventing the client from engaging other agents

2. Property Purchase Right of First Refusal: Include when the tenant wishes to have priority rights to purchase the rental property

3. Multiple Property Handling: Required when the client is interested in viewing and potentially transacting with multiple properties simultaneously

4. Special Requirements: Include when the client has specific property requirements or conditions that need detailed documentation

5. International Client Provisions: Added for foreign clients, including additional documentation requirements and special considerations

6. Virtual Services: Include when providing remote viewing services or digital property tours

7. Commission Sharing: Used when multiple agents or brokers are involved in the transaction

What schedules should be included in a Buyer Tenant Agency Contract?

1. Schedule A - Property Requirements: Detailed list of client's requirements for both rental and potential purchase properties

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

3. Schedule C - Required Documentation: List of documents required from both parties for rental and purchase transactions

4. Schedule D - Service Level Agreement: Specific timelines and response times for various services

5. Appendix 1 - Agent's Credentials: Copies of agent's licenses, certifications, and professional memberships

6. Appendix 2 - Client Information Form: Detailed client information including preferences and financial capacity

7. Appendix 3 - Property Viewing Report Template: Standard format for documenting property viewings and client feedback

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

Philippines

Publisher

Genie AI

Document Type

Agency Agreement

Cost

Free to use
Relevant legal definitions


































Clauses


































Relevant Industries

Real Estate

Property Management

Corporate Services

Residential Property

Commercial Property

Professional Services

Hospitality

Retail

Industrial

Relevant Teams

Real Estate

Legal

Compliance

Operations

Client Services

Business Development

Property Management

Corporate Services

Facilities Management

Contract Administration

Risk Management

Relevant Roles

Real Estate Agent

Property Broker

Real Estate Manager

Facilities Manager

Corporate Relocation Manager

Property Consultant

Real Estate Director

Tenant Representative

Legal Counsel

Compliance Officer

Business Development Manager

Operations Manager

Client Services 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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