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Real Estate Finders Fee Agreement Template for Nigeria

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Key Requirements PROMPT example:

Real Estate Finders Fee Agreement

"I need a Real Estate Finders Fee Agreement for my Lagos property development project, where the finder will help identify buyers for 20 luxury apartments, with a 2% commission structure and an exclusivity period until March 2025."

Document background
The Real Estate Finders Fee Agreement is essential in the Nigerian real estate market where property opportunities often require intermediaries to facilitate connections between principals and potential buyers, sellers, or tenants. This document is typically used when a property owner, developer, or investor wishes to engage someone to identify specific real estate opportunities or introduce potential clients, without entering into a full agency relationship. The agreement outlines the scope of the finder's role, compensation structure, and conditions for earning the fee, while ensuring compliance with Nigerian real estate regulations and professional standards. It's particularly important in protecting both parties' interests by clearly defining what constitutes a successful introduction and the resulting payment obligations.
Suggested Sections

1. Parties: Identifies and provides full details of the Principal (property owner/seller) and the Finder

2. Background: Contextual information explaining the purpose of the agreement and the parties' intentions

3. Definitions: Defines key terms used throughout the agreement including 'Property', 'Finder's Fee', 'Successful Introduction', etc.

4. Appointment and Scope: Defines the Finder's role, authority, and the specific services to be provided

5. Property Requirements: Specifies the criteria for suitable properties or buyers/tenants that the Finder should identify

6. Finder's Fee Structure: Details the fee calculation method, payment terms, and conditions for earning the fee

7. Payment Terms: Specifies when and how payment will be made, including any installment arrangements

8. Finder's Obligations: Lists the specific duties and responsibilities of the Finder

9. Principal's Obligations: Outlines the responsibilities and commitments of the Principal

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

11. Confidentiality: Provisions regarding handling of confidential information

12. Governing Law: Specifies Nigerian law as governing law and jurisdiction

13. General Provisions: Standard boilerplate clauses including notices, amendments, and entire agreement

Optional Sections

1. Exclusivity: Used when the Finder is granted exclusive rights to find properties or buyers for a specified period

2. Multiple Properties: Include when the agreement covers multiple properties or ongoing arrangements

3. Sub-agents: Include when the Finder is permitted to work with other agents or sub-contractors

4. Marketing Authorization: Include when the Finder needs specific authority to market the property

5. Dispute Resolution: Optional detailed dispute resolution procedures including mediation or arbitration

6. Non-Circumvention: Include to prevent direct dealings between Principal and introduced parties that bypass the Finder

7. Insurance Requirements: Include when specific insurance coverage is required from the Finder

8. Force Majeure: Include when parties want specific provisions for unforeseen circumstances

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the property or property requirements

2. Schedule 2 - Fee Calculation: Detailed breakdown of fee structure and calculation methods

3. Schedule 3 - Required Documentation: List of documents required for verification of successful introduction

4. Appendix A - Introduction Form: Standard form for documenting introductions made by the Finder

5. Appendix B - Professional Credentials: Copies of relevant licenses and professional certifications

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



























Clauses































Relevant Industries

Real Estate

Property Development

Property Management

Construction

Real Estate Investment

Commercial Property

Residential Property

Real Estate Brokerage

Property Technology

Hospitality

Relevant Teams

Legal

Real Estate Operations

Business Development

Acquisitions

Investment

Compliance

Finance

Property Management

Deal Advisory

Risk Management

Relevant Roles

Real Estate Agent

Property Developer

Investment Manager

Real Estate Broker

Property Acquisition Manager

Business Development Manager

Real Estate Investment Analyst

Property Portfolio Manager

Real Estate Consultant

Chief Investment Officer

Real Estate Operations Manager

Property Scout

Legal Counsel

Compliance Officer

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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