1、ESTATE AGENCY AGREEMENT FORTHE SALE OF RESIDENTIAL PROPERTYThis form is prescribed by AVIC COAST LAND DEVELOPMENT (T) LIMITED under the Estate Agents Act for use when an estate agent is authorised or engaged by a prospective seller to introduce a buyer of residential property(2) in Tanzania.Note: Wh
2、ere a number in brackets (e.g.(1) appears in this Agreement, please read the explanatory note that bears the corresponding number in Schedule 1 to this Agreement. Where any space provided below is insufficient, the relevant particulars should be written on a separate sheet and attached to this Agree
3、ment.1.Parties to AgreementAgreement Date:/(dd/mm/yyyy)Seller Name: AVIC COAST LAND DEVELOPMENT (T) LIMITED, a legal person incorporated and existing under the laws of the United Republic of Tanzania (Cap. 212 of the Laws) whose registered office is at AVIC INTL Apartments Sea View, Plot No. _, Sea
4、View, Upanga Area, Ilala Municipality, P. O. Box _, Dar es Salaam, Tanzania Name of Estate Agent(4): _ Licence No. (3): _Address: _2.Appointment of Estate Agent by SellerThe above seller (collectively called Seller) hereby authorises and engages the Estate Agent(5), subject to and in accordance with
5、 the terms of this Agreement, to introduce to him a Buyer(6) of the following Property(7):Plot No. 265, Block A, comprising of TWELVE (12) Main Areas indicated under registered MAIN UNIT PLAN No. 10 referred to as “ZONES” within which registered ZONE 01 UNIT PLAN consist of 160 UNITS registered as U
6、NIT PLAN . 10/1 with the Registrar of Titles - Ministry of Lands, Housing and Human Settlements Development at Dar es Salaam Tanzania, located at Amani Gomvu, Minondo Somangila, Kigamboni Area, Temeke Municipality, Dar es Salaam, Tanzania (herein to be referred to as a “ Property”); 3.Scope of Agenc
7、y and Duties of Estate AgentThe Estate Agents duties shall be as set out in Schedule 2 to this Agreement, in addition to the duties placed on the Estate Agent by the other terms in this Agreement and any written law.4. Commission(a) The commission rate is 3_% (9) of the transacted net price (exclusi
8、ve of VAT) of the Property.(b) 90% amount of the commission will be paid if the Seller enters into a binding agreement for the sale and purchase(8) of the Property with a Buyer introduced by the Estate Agent, and the Buyer paid for the down payment(at least 5% of purchase price of the property) ;10%
9、 amount of the commission will be paid afer the buyers payment reach 70% amount of purchase price of the property.i. The commission specified is inclusive of TAX.ii. The commission will be paid by monthly. Every month from 1st to 3rd , the Estate Agent shall provide the payment application of the co
10、mmission for last month, the Seller shall confirm the payment application and arrange for payment before 5th of the month.(c) The Seller shall have no obligation to pay any commission to the Estate Agent if completion of the Property transaction falls through without fault on the part of the Seller.
11、5. Disclosure Requirements(a) The Estate Agent or Salesperson does not hav(10) a conflict or potential conflict of interest in acting for the Seller. (b) If the Estate Agent or Salesperson has declared that there is no conflict or potential conflict of interest but a conflict or potential conflict o
12、f interest only arises (or he becomes aware of the conflict or potential conflict of interest) after the execution of this Agreement, the conflict or potential conflict of interest must be immediately disclosed in writing to the Seller. Upon such disclosure, the Estate Agent and Salesperson may cont
13、inue to act for the Seller only if the Seller, being fully informed, consents in writing to the Estate Agent and Salesperson continuing to act for him.6. Property Inspection and Co-broking(a) The Seller agrees to allow the Estate Agent to show the property to potential Buyer(s) (including their agen
14、ts) at mutually agreeable time(s).(b) The Estate Agent may co-operate or co-broke with another Estate Agent to secure Buyers for the Property.(c) If co-broking is allowed, the commission may be shared between the Estate Agent and a co-broking agent in such amounts as may be agreed between them but t
15、he Seller is not liable to pay any commission to the co-broking agent.7. Warranty by SellerThe Seller warrants that he is the owner of / duly authorised(1) to sell the Property.8.Schedules and NotesThe Schedules and Notes to or in this Agreement form part of this Agreement.9. Applicable Law and Dispute Resolution(a) This Agreement shall be governed by the laws of Tanzania.(b) Any dispute between the Seller and the Estate Agent arising out of or in connection with this Agreement (
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