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Real Estate Finders Fee Agreement
"I need a Real Estate Finder's Fee Agreement for our Toronto-based company that will engage multiple finders to source industrial warehouse properties in Ontario, with a tiered commission structure based on property value and a requirement for quarterly performance reporting."
1. Parties: Identifies the finder and the client, including full legal names, addresses, and any relevant business registration details
2. Background: Explains the context of the agreement, including the client's desire to find suitable real estate and the finder's ability to provide such services
3. Definitions: Defines key terms used throughout the agreement, including 'Property Requirements', 'Successful Introduction', 'Fee', and 'Qualifying Transaction'
4. Scope of Services: Details the specific services the finder will provide, including property identification, introduction to sellers/agents, and any additional support
5. Fee Structure: Specifies the finder's fee amount or calculation method, including any variations based on transaction value
6. Payment Terms: Outlines when and how the finder's fee will be paid, including any conditions precedent
7. Term and Termination: Specifies the duration of the agreement and circumstances under which it can be terminated
8. Confidentiality: Addresses the handling of confidential information shared during the engagement
9. Representations and Warranties: Contains statements of fact and promises made by both parties
10. Governing Law: Specifies that the agreement is governed by Canadian law and the applicable province
11. Dispute Resolution: Sets out the process for resolving any disputes between the parties
1. Exclusivity: Optional clause specifying whether the finder has exclusive rights to introduce properties - include when the finder requires protection for their efforts
2. Non-Circumvention: Prevents the client from bypassing the finder to avoid paying fees - include in higher-value transactions
3. Insurance Requirements: Specifies required insurance coverage - include when the finder is a professional service provider
4. Marketing Authorization: Permits the finder to market the client's interest in acquiring property - include when broader marketing is needed
5. Assignment Rights: Allows/restricts the ability to assign the agreement - include when either party may need to transfer rights
6. Force Majeure: Addresses unforeseeable circumstances preventing performance - include in longer-term agreements
1. Schedule A - Property Requirements: Detailed specifications of the type of property the client is seeking, including location, size, price range, and other criteria
2. Schedule B - Fee Calculation: Detailed breakdown of how the finder's fee will be calculated, including any sliding scales or special conditions
3. Schedule C - Excluded Properties: List of properties already known to the client for which no finder's fee would be payable
4. Appendix 1 - Required Documentation: List of documents required from the finder to support fee claims
5. Appendix 2 - Reporting Requirements: Template and frequency of progress reports to be provided by the finder
Authors
Real Estate
Property Development
Commercial Property
Residential Property
Industrial Property
Retail
Hospitality
Healthcare
Education
Manufacturing
Logistics
Investment Management
Real Estate
Property Management
Legal
Finance
Investment
Operations
Business Development
Asset Management
Acquisitions
Risk Management
Real Estate Agent
Property Scout
Investment Manager
Property Acquisition Manager
Real Estate Broker
Business Development Manager
Real Estate Investment Analyst
Property Developer
Real Estate Consultant
Asset Manager
Facilities Manager
Real Estate Portfolio Manager
Chief Investment Officer
Real Estate Operations Director
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