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Leasing Agent Contract Template for Saudi Arabia

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Key Requirements PROMPT example:

Leasing Agent Contract

"I need a Leasing Agent Contract under Saudi law for an exclusive arrangement with Al Riyadh Properties, where the agent will handle our commercial property portfolio in Jeddah starting March 2025, with a 5% commission structure and quarterly performance reviews."

Document background
The Leasing Agent Contract is essential for formalizing the relationship between property owners/managers and professional leasing agents in Saudi Arabia. This document is typically used when a property owner wants to engage a professional agent to market and lease their properties, whether commercial, residential, or mixed-use. The contract ensures compliance with Saudi Arabian real estate regulations, labor laws, and Sharia principles while protecting both parties' interests. It includes detailed provisions for commission structures, service expectations, compliance requirements, and territorial rights. The agreement is particularly important in the Saudi Arabian context due to specific regulatory requirements for real estate transactions and the need to ensure all provisions are Sharia-compliant.
Suggested Sections

1. Parties: Identification of the Principal (property owner/company) and the Agent, including full legal names, addresses, and commercial registration details

2. Background: Context of the agreement, including the Principal's business and the Agent's qualifications

3. Definitions: Key terms used throughout the agreement, including 'Property', 'Commission', 'Territory', etc.

4. Appointment and Scope: Formal appointment of the Agent and detailed scope of services to be provided

5. Term and Termination: Duration of the agreement and conditions for termination

6. Agent's Duties and Responsibilities: Comprehensive list of the Agent's obligations, including marketing, showing properties, and documentation

7. Principal's Duties and Responsibilities: Principal's obligations including providing necessary information and support

8. Commission Structure: Detailed breakdown of commission rates, payment terms, and conditions for earning commission

9. Compliance Requirements: Agent's obligations to comply with real estate regulations and anti-money laundering laws

10. Confidentiality: Protection of confidential information and trade secrets

11. Non-Competition and Non-Solicitation: Restrictions on the Agent's competitive activities

12. Dispute Resolution: Process for resolving disputes, including applicable Saudi law and jurisdiction

13. General Provisions: Standard clauses including notices, amendments, and Sharia compliance declaration

Optional Sections

1. Exclusivity: Used when the Agent is granted exclusive rights in a specific territory or for specific properties

2. Sub-Agents: Include when the Agent is permitted to appoint sub-agents

3. Marketing Budget: Include when specific marketing arrangements and budgets need to be defined

4. Performance Targets: Used when specific performance metrics are required to maintain the agency relationship

5. Insurance Requirements: Include when specific insurance coverage is required beyond standard professional indemnity

6. Training and Support: Used when the Principal provides specific training or support systems

7. Digital Marketing Rights: Include when specific digital marketing and social media provisions are needed

Suggested Schedules

1. Schedule 1 - Property Portfolio: List of properties covered under the agreement with detailed descriptions

2. Schedule 2 - Commission Rates: Detailed breakdown of commission structures for different types of properties or transactions

3. Schedule 3 - Territory Definition: Detailed description of geographical areas or market segments covered

4. Schedule 4 - Marketing Guidelines: Specific requirements for marketing properties, including branding guidelines

5. Schedule 5 - Reporting Templates: Standard forms and templates for regular reporting requirements

6. Appendix A - Required Documentation: List of required documents for property transactions and compliance

7. Appendix B - Service Level Standards: Detailed performance metrics and service standards

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

Property Management

Commercial Property

Residential Property

Retail Property

Industrial Property

Hospitality

Mixed-Use Development

Property Development

Relevant Teams

Legal

Real Estate

Operations

Compliance

Business Development

Asset Management

Property Management

Facilities Management

Contract Administration

Risk Management

Relevant Roles

Real Estate Manager

Leasing Agent

Property Manager

Real Estate Broker

Legal Counsel

Compliance Officer

Business Development Manager

Asset Manager

Operations Director

Contract Administrator

Real Estate Director

Portfolio Manager

Facilities Manager

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

Find the exact document you need

Leasing Agent Contract

A Saudi Arabian law-governed agreement establishing the terms and conditions between property owners and leasing agents for property rental services.

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