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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."
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
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
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
Real Estate
Property Development
Property Management
Construction
Real Estate Investment
Commercial Property
Residential Property
Real Estate Brokerage
Property Technology
Hospitality
Legal
Real Estate Operations
Business Development
Acquisitions
Investment
Compliance
Finance
Property Management
Deal Advisory
Risk Management
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
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