Commercial Property Agency Agreement

With respect to the marketing of a single title property for sale, there are provisions of the Unit Titles Act 2010 that require the provision of disclosure statements. These are necessary at different stages of the transaction process and lessees should be familiar with these provisions. When it comes to commercial and industrial real estate, you should keep in mind: the 5 p.m. window for the termination of a single representative contract The marketing of commercial and industrial goods should include a number of documents. If the customer has signed the contract following an unsolicited speech, he may terminate the contract within 5 working days of receipt of a copy of the contract. In this case, the cancellation does not require the written form. When the property is subject to an entity, it is necessary to reveal a change in the rules that would affect the use of the property by the buyer, the collection of its value, a significant increase in taxes or insurance premiums. If, during this period, new information is available about a current or future tenant that may influence the buyer`s perception of the quality of the property, this must also be disclosed. You should recommend that the seller seek his own legal advice and give him a reasonable period of time before signing the agency contract. You should also warn them that if you terminate the agency contract with you and then sell it privately to someone you introduce, they may still be required to pay a commission. .