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The Commercial Lease Commission Agreement is a vital document used in New Zealand's commercial real estate sector when property owners engage real estate agents to secure tenants for their commercial properties. This agreement is essential for establishing clear terms of engagement, commission structures, and service expectations while ensuring compliance with the Real Estate Agents Act 2008 and related New Zealand regulations. It protects both the property owner's and agent's interests by clearly defining the scope of authority, commission triggers, payment terms, and marketing responsibilities. The document is particularly important in commercial leasing transactions where significant commission amounts may be involved and where complex lease arrangements require professional representation.

1. Parties: Identifies and provides full details of the property owner (Principal) and the real estate agent (Agent)

2. Background: Sets out the context of the agreement, including property details and the owner's intention to lease the property

3. Definitions: Defines key terms used throughout the agreement

4. Appointment and Authority: Establishes the agent's appointment and scope of authority to act on behalf of the property owner

5. Agent's Services: Details the specific services to be provided by the agent in marketing and leasing the property

6. Commission Structure: Specifies the commission rate, calculation method, and timing of payments

7. Payment Terms: Outlines when and how commission payments will be made, including any conditions precedent

8. Marketing and Expenses: Details the marketing approach and allocation of associated costs

9. Agent's Obligations: Lists the agent's duties, responsibilities, and professional obligations

10. Principal's Obligations: Specifies the property owner's responsibilities and commitments

11. Term and Termination: Defines the duration of the agreement and circumstances for termination

12. Dispute Resolution: Outlines the process for resolving disputes between parties

13. General Provisions: Contains standard contract clauses including governing law, notices, and entire agreement