Commercial Property Estate Agency Terms and Conditions (Assignment of Lease) 
These Commercial Property Estate Agency Terms and Conditions (Assignment of Lease) are intended for estate agents who handle the assignment (sale/transfer of lease) of a commercial lease on behalf of a Tenant.
They outline the responsibilities of both the Agency and the Tenant, and explain the commission payments due to the Agency. Together with the Commercial Property Lettings Agency Appointment Form (Assignment of Lease), these Terms and Conditions form a contract between the Agency and the Tenant.
Clause 1: contains definitions and key information contained in the Appointment Form.
Clause 2: covers the appointment of the Agent.
Clause 3: outlines the Agent’s duties which include preparing property particulars, managing enquiries and viewings, and working with solicitors.
Clause 4: lists the Tenant’s responsibilities, including obtaining any consents from their landlord or mortgage provider.
Clause 5: explains how the contract between the Agent and the Tenant can be terminated.
Clause 6: references the Agent’s complaints handling procedure. If the Agent is part of a redress scheme (which is good practice, but not compulsory, for commercial property agents) details can be included here.
Clauses 7 to 12 contain standard legal interpretation wording and provisions regarding the service of notices, updated duties of disclosure of Material Information, and VAT.
Optional phrases / clauses are enclosed in square brackets. These should be read carefully and selected so as to be compatible with one another. Unused options should be removed from the document.
These Commercial Property Estate Agency Terms and Conditions (Assignment of Lease) are in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.
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