Listed are the basic forms that your REN might asked you to sign.
FOR SALE OF PROPERTY
- Authorization to Sell Form
- There are 2 main type of this form. The Exclusive Authorization F0rm which allow ONLY the appointed person to sell the property. NO OTHER person can market it without prior agreement of the appointed person.
- On the other hand, a General Authorization Form allows property owners to engage more than 1 REN to assist in marketing the property.
- This form is to be sign between property owner(s) and REN/REA
- Agreement to Purchase Form
- Also known as booking form, Offer Letter or Temporary Contract to Purchase.
- Purchaser to sign the form upon confirmation of interest to purchase the property. Normally an earnest deposit is included upon signing of this form.
- Vendor signing as acceptance of offer by purchaser.
- This form will be served as a legally enforced documents until the sales and purchase agreement is signed.
- This form is to be sign between vendor(s) and purchaser(s).
FOR RENTAL OF PROPERTY
- Authorization to Rent Form (For Rental of Property)
- There are 2 main type of this form. The Exclusive Authorization F0rm which allow ONLY the appointed person to lease out the property. NO OTHER person can market it without prior agreement of the appointed person.
- On the other hand, a General Authorization Form allows property owners to engage more than 1 REN to assist in marketing the property.
- This form is to be sign between property owner(s) and REN/REA
- Agreement to Rent Form
- Also known as booking form or Offer Letter to rent the said property.
- Tenant to sign the form upon confirmation of interest to rent the property. A one month deposit is included upon signing of this form.
- Vendor signing as acceptance of offer by tenant.
- This form will be served as a legally enforced documents until the tenancy agreement is signed.
- This form is to be sign between owner(s) and tenant(s)