Scope of Services
Describe specific duties: property search, showings, proposal preparation, lease negotiation, and any administrative tasks the agent will perform for the tenant.
A clear Tenant Agency Agreement sets expectations for responsibilities, compensation, and decision authority, reducing disputes between tenants, agents, and landlords and creating a documented record for future reference.
Tenant Agency Agreements are used by tenants, commercial or residential brokers, property managers, and corporate real estate teams when formal representation is needed.
Use the agreement to document fiduciary duties, disclosure obligations, and the term of authority so all parties share a single reference for obligations and compensation.
An individual or legal entity seeking to lease property; signs to authorize the agent, agree to the agent’s scope of services, and acknowledge any exclusive representation or fee obligations.
A licensed real estate professional or property manager who accepts authority to represent the tenant, documents the scope of representation, discloses conflicts, and agrees to comply with licensing and fiduciary obligations.
Describe specific duties: property search, showings, proposal preparation, lease negotiation, and any administrative tasks the agent will perform for the tenant.
Specify start and end dates, renewal options, and the process for early termination including notice periods and any post-termination fee obligations.
State commission formulas, flat fees, payment timing, who pays the fee, and whether fees survive termination or are contingent on lease execution.
Clarify whether the tenant grants exclusive representation or limited authority, and define any geographic or property-type restrictions.
Document any dual agency, material relationships, or known conflicts and confirm the agent’s duty of loyalty and disclosure requirements under state law.
Identify the state law that will govern disputes and specify venue for litigation or arbitration to reduce jurisdictional uncertainty.
| Template | Create reusable agreement templates to ensure consistency. |
|---|---|
| Signature Order | Set sequential or parallel signing based on decision flow. |
| Authentication | Choose email, SMS, or KBA depending on risk. |
| Automated Reminders | Enable reminders to reduce unsigned document time. |
| Storage Location | Configure cloud folder and retention policy. |
Choose a platform that supports secure e-signature workflows, strong authentication, and records retention consistent with legal requirements.
Ensure the platform provides an audit trail and secure storage that satisfies ESIGN/UETA record reproduction and retention expectations for legal validity.
Date authority begins; use MM/DD/YYYY.
Contract end date or renewable term.
Days required to terminate without penalty.
Event that obligates fee payment to agent.
Retention obligations after termination.
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial | Varies by vendor | Varies by vendor | Varies by vendor | Varies by vendor |
| Bulk Send | Yes | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |
Martin Properties moved to end-to-end online processing to handle lease negotiations remotely.
Optica’s team standardized tenant agency terms into templates for repeat deals.