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Commercial Listing Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

Commercial Listing Agreement

"I need a Commercial Listing Agreement for a 50,000 square meter industrial warehouse in Riyadh Industrial City, with exclusive listing rights for 12 months starting March 2025, including provisions for international marketing and sub-agent engagement."

Document background
The Commercial Listing Agreement is a crucial document in Saudi Arabian real estate transactions, used when a property owner wishes to engage a professional broker to market and sell or lease their commercial property. This agreement type is essential for establishing clear terms of engagement between property owners and real estate professionals, ensuring compliance with Saudi regulations including the Real Estate Broker Regulation and Commercial Court Law. The document typically includes detailed property specifications, marketing terms, commission structures, and broker obligations, all structured to comply with Sharia principles. It's particularly important in the Saudi market where commercial real estate transactions must adhere to specific local requirements and Islamic commercial practices. The Commercial Listing Agreement serves as both a legal protection and operational framework, defining the rights and responsibilities of all parties involved while ensuring transparency in the property marketing process.
Suggested Sections

1. Parties: Identification of the property owner (client) and the real estate broker, including their full legal names, addresses, and commercial registration details

2. Background: Context of the agreement, including brief description of the property and the owner's intention to sell/lease the property through the broker

3. Definitions: Key terms used throughout the agreement, including 'Property', 'Listing Period', 'Commission', 'Exclusive Rights', etc.

4. Appointment and Scope of Services: Details of the broker's appointment and specific services to be provided, including marketing, showing property, and negotiating with potential buyers/tenants

5. Property Details: Comprehensive description of the property, including location, size, type, and any relevant features or limitations

6. Listing Terms: Specific terms including listing price/rental rate, listing period, and any conditions for extension or early termination

7. Broker's Rights and Obligations: Detailed responsibilities of the broker, including marketing efforts, reporting requirements, and standard of service

8. Owner's Rights and Obligations: Property owner's responsibilities, including providing accurate information, access to the property, and cooperation requirements

9. Commission Structure: Details of broker's compensation, including commission rate, payment terms, and conditions for commission earning

10. Term and Termination: Duration of the agreement, renewal provisions, and circumstances for termination

11. Compliance with Laws: Commitment to comply with Saudi laws, regulations, and Sharia principles

12. Governing Law and Dispute Resolution: Specification of Saudi law as governing law and method of dispute resolution

Optional Sections

1. Exclusivity Provisions: Used when the agreement is exclusive, detailing the broker's exclusive rights and any exceptions

2. International Marketing: Include when the property will be marketed to international investors, addressing specific requirements and approaches

3. Digital Marketing Authorization: Include when specific digital marketing strategies will be employed, including social media and online platforms

4. Sub-Agents: Include when the broker may engage sub-agents or cooperating brokers

5. Property Management: Include when the broker will provide additional property management services during the listing period

6. Confidentiality: Include when dealing with sensitive property information or high-profile clients

7. Force Majeure: Include to address unforeseen circumstances that may affect the agreement execution

8. Post-Termination Obligations: Include when there are specific obligations that survive the termination of the agreement

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the property, including legal title information, floor plans, and specifications

2. Schedule 2 - Marketing Plan: Detailed marketing strategy and activities to be undertaken by the broker

3. Schedule 3 - Commission Schedule: Detailed breakdown of commission structures, including any sliding scales or special circumstances

4. Schedule 4 - Required Documents: List of documents required from the owner for listing and sale/lease

5. Schedule 5 - Property Photographs: Official photographs and visual materials of the property

6. Appendix A - Broker's License: Copy of broker's valid license and commercial registration

7. Appendix B - Property Title Deed: Copy of property ownership documents

8. Appendix C - Authorization Forms: Standard forms for various authorizations including marketing approvals

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

Relevant legal definitions
































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Relevant Industries

Real Estate

Commercial Property

Retail

Industrial

Office Space

Hospitality

Mixed-Use Development

Logistics

Healthcare Facilities

Education Facilities

Religious Facilities

Entertainment Venues

Shopping Centers

Warehousing

Relevant Teams

Legal

Real Estate

Property Management

Asset Management

Business Development

Compliance

Operations

Facilities Management

Investment

Risk Management

Finance

Commercial Development

Relevant Roles

Real Estate Broker

Property Manager

Commercial Property Director

Real Estate Legal Counsel

Business Development Manager

Asset Manager

Facilities Manager

Investment Manager

Property Portfolio Manager

Real Estate Operations Director

Commercial Leasing Manager

Real Estate Compliance Officer

Chief Investment Officer

Real Estate Transaction Manager

Property Valuation Specialist

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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