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Item 6.4
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Commission Apportionment: (Clause 4)
__ Letting Agent: ……………….…….……..% Co-Agent: …………….………..…….%
OR __ …………………………………………………………………………………………….…………………
(The Letting Agent will pay the Co-Agent’s apportionment of Commission upon a Tenancy Agreement being entered into and upon receipt of such monies will supply the Letting Agent with a tax invoice for the full amount)
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Clause 1
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Definitions
In this Agreement the following terms mean:
| (1) | Act: the Property Agents and Motor Dealers Act 2000 as amended |
| (2) | Regulation: the Property Agents and Motor Dealers Regulation 2001 as amended. |
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Clause 2
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Communications
All communications (including offers to rent and otherwise) with the Landlord must be made through the Letting Agent.
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Clause 3
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Warranty
1.2
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This Agreement can only be terminated by:
| (a) | instruction to do so from the Landlord; or |
| (b) | agreement between the Letting Agent, Co-Agent and the Landlord; or |
| (c) | termination (including expiry) of a PAMD 20a Appointment of Real Estate Agent between the Letting Agent and the Landlord. |
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3.1
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The Letting Agent warrants that they have full authority under their appointed Agent to enter into this Conjunction Agreement.
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3.2
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By signing this Agreement both parties warrant that they are currently licensed Real Estate Agents in accordance with Section 160 (1) of the Act. Property Agents and Motor Dealers Act 2000 Section 160 (1).
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Clause 4
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Remuneration
The Letting Agent will pay the Co-Agent’s apportionment of the Letting Fee detailed in Item (6.4) upon a Tenancy Agreement being entered into.
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Clause 5
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Termination
This Agreement can only be terminated by:
| (a) | instruction to do so from the Landlord; or |
| (b) | agreement between the Letting Agent, Co-Agent and the Landlord; or |
| (c) | termination (including expiry) of a PAMD 20a Appointment of Real Estate Agent between the Letting Agent and the Landlord. |
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Clause 6
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Provision of Documents
The parties agree and confirm this Agreement may be forwarded electronically if the recipient has provided an email address or facsimile number, in the Item Schedule to this Agreement.
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Clause 7
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Privacy Statement
7.1
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The Co-Agent may use personal information provided by the Landlord to provide the services to the Landlord or on the Landlord’s behalf and may, subject to the Privacy Act 1988 (CTH) (where applicable), use and disclose such personal information to:
| (1) | potential tenants; and/or |
| (2) | property data collection agencies; and/or |
| (3) | Owner’s Corporations & financial institutions; and/or |
| (4) | other third parties as may be required by the Co-Agent for the purposes of marketing, rental promotion and administration relating to the use of the Agent’s products and services and complying with legislative and regulatory requirements. |
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7.2
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Without provision of certain information the Co-Agent may not be able to act effectively or at all on the Landlord's behalf.
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7.3
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The Landlord has the right to access such personal information and may require correction or amendment of any inaccurate, incomplete, out of date or irrelevant information.
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