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Qatar Real Estate Brokerage Agreement

This document is a brokerage agreement between Capstone Property (First Party) and Amana Trust Real Estate (Second Party) dated July 17, 2023. The agreement appoints Amana Trust as the non-exclusive broker to promote and market rental units owned by Capstone. Capstone agrees to pay Amana Trust a commission of two weeks rent within 60 days of a signed rental agreement. The agreement is for a term of 6 months and can be terminated by Capstone with 3 days notice.

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Ritchel Toreno
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117 views2 pages

Qatar Real Estate Brokerage Agreement

This document is a brokerage agreement between Capstone Property (First Party) and Amana Trust Real Estate (Second Party) dated July 17, 2023. The agreement appoints Amana Trust as the non-exclusive broker to promote and market rental units owned by Capstone. Capstone agrees to pay Amana Trust a commission of two weeks rent within 60 days of a signed rental agreement. The agreement is for a term of 6 months and can be terminated by Capstone with 3 days notice.

Uploaded by

Ritchel Toreno
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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BROKERAGE AGREEMENT

This brokerage agreement (this agreement is made on 17/07/2023)

BETWEEN:

First Party:
Capstone Property a limited liability First party which is established under the law of the State
of Qatar CR No. 51917 whose registered office address is at P.O. Box 24291 Doha, State of
Qatar.
Represented by: - Mr. Hamad Ali H A Alathba ID No. 26863400410

Second Party:
Amana Trust Real Estate a limited liability Second party which is established under the law of
the State of Qatar. CR No. 173109 whose registered office address is P.O. Box xxx Doha,
State of Qatar.
Represented by: Mr. Mohammed Kamal J M AL-Saad ID No. 29363403399

IT IS HEREBY AGREED AS FOLLOWS:

APPOINTMENT
The First Party hereby appoints the Promoter, on a non-exclusive basis, to promote and market
the unit (s) to Lessees (s) at price set by the First Party and Promoter accepts the terms and
conditions set in this Agreement

COMMISSION

In consideration of the renting promotions and marketing service that will be provided by the
promoter in respect of the Units(s), the First Party agrees to pay commission of such rated
unit(s) to the promoter at a rate presented in the table below. The commission earned by the
Promoter pursuant to this Agreement shall be payable within Sixty (60) working days by the
First Party after receiving signed rental agreement and after the second month rent and security
deposit are in-cashed.

PROPERTY NAME COMMISSION MARKETING


Marina 9 Residences - Lusail Two Weeks of the monthly Not allowed
rent

Doha Property
1
OA7 – Old Airport Two Weeks of the monthly Not allowed
rent

MZ1 - Muntazah Two Weeks of the monthly Not Allowed


rent

GENERAL CLAUSES

1) The term of this agreement shall be Six (6) months which commences on 17/07/2023 and
ends on 16/01/2024. This Agreement shall automatically be terminated without any notice
upon either expiry of the period or payments of the commission to the promoter or if all units
have been leased whichever comes later.

2) The existence of this Agreement and the contents herein are confidential and may not be
disclosed to any third party without the First Party prior written consent.

3) This Agreement may be terminated at any time without any reason by the First Party upon
providing three (3) days written notice to the Promoter.

4) Nothing in this Agreement shall operate to create partnership or joint venture of any kind
between the parties.

5) This Agreement shall be governed and constructed in accordance with the laws of the State
of Qatar.

For and on behalf of


CAPSTONE PROPERTY

For and on behalf of


Amana Trust Real Estate

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