Exclusive Consultancy Agreement – Restriction in the property selection?

5. June 2020
Posted in Glossary
5. June 2020 admin

Exclusive Consultancy Agreement – Restriction in the property selection?

When a prospective tenant enters into an exclusive consultancy agreement, he wants to have his search process monitored and coordinated. His exclusive consultant represents only his interests. As a result, he gains access to a more comprehensive service, however there are no restrictions when it comes to the selection of properties.

Even if a Real Estate Broker has been exclusively commissioned to lease a property, cooperation with other market participants is regulated within  this excklusive consultancy agreement. Prospective tenants who have hired their exclusive consultant can access this property in cooperation with the broker commissioned to sell or lease the property.