Jasmine Homes Agency Contact

This contract is made on [ContractDate]

At

[SignAddress]

Between

[Vendor] aged [VendorAge] Years, of
[VendorAddress]

Herein after referred to as “The Vendor“

And

Jasmine Homes Company Limited
332/22 Moo 2
Thannon Chiang Mai / Maejo
Tambon Nong Jom
Amphur Sansai,
Chiang Mai 50210


Herein after referred to as "The Agent"

"The Vendor" and "The Agent" agree to the contract conditions which are detailed below:

1. "The Agent" agrees to be an agent for "The Vendor" who is the owner of

[PropertyAddress]

and wishes to sell this property.

2. "The Agent" agrees to contact prospective customers who may want to rent or buy this property from the "The Vendor" and to negotiate a mutually agreeable price with any potential purchaser on behalf of "The Vendor".

3. "The Agent" agrees to support "The Vendor" in the sales process, and to provide a standard "Sale and Purchase Agreement" and secure the signature of "the buyer" on said document (where such document is deemed by "The Vendor" and the purchaser as suitable).

4. If "The Vendor" can sell the property detailed above to a purchaser introduced by "The Agent" for the price not less than [SalePrice] Baht (or such price as shall be agreed by "The Vendor") then "The Vendor" agrees to pay commission to "The Agent" in the sum of 3 percent of the gross sales price (including any consideration for furniture or other items included in the sale), such commission to be due and payable according to the following schedule;

4a. On the date of signing the ‘Sale and Purchase Agreement’ and receipt of deposit:

50 percent of the commission due, or 50 percent of the total deposit that the buyer has paid (whichever is the lower) shall be paid to "The Agent", such payment to be made in cash or by means of a Cashiers Cheque or a Bankers Draft.

4b. On the date that "The Vendor" receives the balance of the payment from "The Buyer";

The full balance of the commission shall be paid to "The Agent", such payment to be made in cash or by means of a Cashiers Cheque or a Bankers Draft.

5. Should "The Agent" sell the property at price higher than agreed in this contract "The Vendor" agrees to pay such additional payment to "The Agent", less a deduction for any additional tax or fees payable by "The Vendor" solely as a result of such additional payment.

6. Should "The Buyer" fail to complete the purchase within the timescale stipulated in the "Sale and Purchase Agreement" then any deposit already paid will be forfeited and both "The Agent" and "The Vendor" will keep the deposits already received.

7. This contract will commence on [ContractStartDate] and continue until [ContractEndDate].

If "The Agent" fails to find a purchaser to sign contracts with "The Vendor" during this period this contract will be cancelled automatically without any notice.

8. If "The Vendor" should break this contract and fail to sell this property when "The Agent" has arranged a contract with a buyer at a price agreed by "The Vendor", "The Vendor" agrees to pay the full commission as detailed above in this contract except in case that this property has been seized by the government or is the subject of a court order to prevent the sale of this property in which is case it will not be deemed the fault of "The Vendor".

9. If the vendor should complete the sale or rental of the property to a purchaser who was made aware of the availability of this property by "The Agent" then the full commission is payable regardless of whether "The Agent" has managed the signing of contracts or not, and such commission shall be calculated in the same way as if the sale had been managed by "The Agent", including the provision for additional commission under clause 4 above.

This contract is made in duplicate in the same words. Both "The Vendor" and "The Agent" have studied and read this contract carefully and agree to the terms herein.

So this contract is signed before witnesses on the date printed above.



"The Vendor"                                                                             "The Agent"




sign                                                                                             sign


 

Witness                                                                                      Witness




sign                                                                                             sign