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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."
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
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
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
Real Estate
Commercial Property
Retail
Industrial
Office Space
Hospitality
Mixed-Use Development
Logistics
Healthcare Facilities
Education Facilities
Religious Facilities
Entertainment Venues
Shopping Centers
Warehousing
Legal
Real Estate
Property Management
Asset Management
Business Development
Compliance
Operations
Facilities Management
Investment
Risk Management
Finance
Commercial Development
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
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