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Owner Agent Agreement for United Arab Emirates

Owner Agent Agreement Template for United Arab Emirates

A comprehensive legal agreement governed by UAE law that establishes and regulates the relationship between a property owner and their appointed agent. This document outlines the agent's authority to act on behalf of the owner in property-related matters, including management, leasing, maintenance, and other specified services. The agreement complies with UAE Federal Laws, including the Civil Code and Commercial Agency Law, as well as specific emirate-level real estate regulations. It includes detailed provisions for duties, responsibilities, compensation, liability, and termination terms while ensuring alignment with UAE's specific agency and property management requirements.

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Owner Agent Agreement

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What is a Owner Agent Agreement?

The Owner Agent Agreement is essential for property owners in the UAE who wish to delegate the management and oversight of their real estate assets to a professional agent or property management company. This document is particularly relevant in the UAE's dynamic real estate market, where proper property management is crucial for maintaining asset value and ensuring compliance with local regulations. The agreement comprehensively covers the scope of authority, responsibilities, compensation structure, and operational procedures while adhering to UAE Federal Laws and emirate-specific regulations. It's commonly used by both individual and corporate property owners, particularly those with multiple properties or those requiring professional management services. The document includes specific provisions for compliance with UAE agency laws, RERA regulations (in Dubai), and similar regulatory requirements in other emirates.

What sections should be included in a Owner Agent Agreement?

1. Parties: Identification of the Property Owner and the Agent, including full legal names, addresses, and registration details

2. Background: Context of the agreement, including the owner's desire to appoint an agent and the agent's qualifications and licenses

3. Definitions: Key terms used throughout the agreement, including 'Property', 'Services', 'Term', and other relevant definitions

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

5. Agent's Duties and Responsibilities: Comprehensive list of services to be provided by the agent

6. Owner's Obligations: Responsibilities and commitments of the property owner

7. Fees and Payment Terms: Compensation structure, payment schedule, and reimbursement of expenses

8. Compliance and Reporting: Requirements for regulatory compliance and periodic reporting to the owner

9. Representations and Warranties: Statements of fact and guarantees by both parties

10. Liability and Indemnification: Allocation of risks and responsibilities between parties

11. Termination: Circumstances and procedures for ending the agreement

12. Confidentiality: Protection of sensitive information and trade secrets

13. Governing Law and Jurisdiction: Applicable UAE laws and jurisdiction for dispute resolution

14. General Provisions: Standard clauses including notices, amendments, and severability

What sections are optional to include in a Owner Agent Agreement?

1. Property Management Services: Detailed section for agreements involving day-to-day property management, including maintenance and tenant relations

2. Marketing and Promotion: Specific provisions for marketing the property, if the agent is responsible for finding tenants or buyers

3. Insurance Requirements: Detailed insurance obligations when the agent is responsible for maintaining property insurance

4. Key Performance Indicators: Metrics and performance standards for evaluating the agent's services

5. Emergency Procedures: Protocols for handling emergency situations, particularly relevant for property management services

6. Sub-Agency Rights: Terms governing the agent's right to appoint sub-agents or contractors

7. Digital Services: Provisions for online property management platforms or digital services if applicable

What schedules should be included in a Owner Agent Agreement?

1. Schedule 1 - Property Details: Comprehensive description of the property(ies) covered by the agreement

2. Schedule 2 - Services Specification: Detailed breakdown of services to be provided by the agent

3. Schedule 3 - Fee Structure: Detailed breakdown of all fees, commissions, and charges

4. Schedule 4 - Required Licenses and Certifications: List of regulatory requirements and necessary documentation

5. Schedule 5 - Reporting Templates: Standard formats for periodic reports and documentation

6. Schedule 6 - Power of Attorney: If applicable, specific powers granted to the agent

7. Appendix A - Key Contact Information: Contact details for all relevant parties and emergency contacts

8. Appendix B - Maintenance Contractors: List of approved contractors and service providers if applicable

Authors

Alex Denne

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

Document Type

Agency Agreement

Cost

Free to use
Relevant legal definitions

































Clauses







































Relevant Industries

Real Estate

Property Management

Hospitality

Retail

Commercial Property

Residential Property

Industrial Property

Mixed-use Development

Real Estate Investment

Facilities Management

Relevant Teams

Legal

Real Estate

Property Management

Operations

Compliance

Facilities Management

Asset Management

Contract Administration

Risk Management

Business Development

Relevant Roles

Real Estate Manager

Property Manager

Asset Manager

Facilities Manager

Real Estate Director

Property Portfolio Manager

Operations Manager

Legal Counsel

Compliance Officer

Real Estate Agent

Business Development Manager

Contract Manager

Investment Manager

Property Services Director

Real Estate Administrator

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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