[Note: The following is a sample Authority to Sell Non-Exclusive. However, please consult with a legal professional to ensure compliance with current laws and regulations, as well as to customize the document to specific circumstances.]
AUTHORITY TO SELL NON-EXCLUSIVE
KNOW ALL MEN BY THESE PRESENTS:
This Authority to Sell Non-Exclusive is made and executed on this ____ day of _______, 20, by and between:
PRINCIPAL: Name: [Principal’s Full Name] Citizenship: Filipino Civil Status: [Married/Single/Widowed], of legal age Residential Address: [Complete Residential Address] Tax Identification Number (TIN): [TIN Number]
And
AUTHORIZED AGENT: Name: [Agent’s Full Name] Citizenship: Filipino Civil Status: [Married/Single/Widowed], of legal age Residential Address: [Complete Residential Address] Tax Identification Number (TIN): [TIN Number]
Collectively referred to as the “PARTIES.”
WITNESSETH, that:
WHEREAS, the PRINCIPAL is the lawful owner of certain real property, situated in the City/Municipality of [City/Municipality], Province of [Province], Philippines, particularly described as follows:
(Insert Property Description here, including the title information, lot number, boundaries, and technical details as per the Transfer Certificate of Title or Tax Declaration.)
WHEREAS, the PRINCIPAL desires to appoint an AUTHORIZED AGENT to act on his/her behalf to offer, negotiate, and secure potential buyers for the said property on a non-exclusive basis;
NOW, THEREFORE, for and in consideration of the mutual covenants and agreements contained herein, the Parties hereby agree as follows:
- Appointment: The PRINCIPAL hereby appoints the AUTHORIZED AGENT as a non-exclusive authorized agent to offer, negotiate, and secure potential buyers for the property described above.
- Non-Exclusive Authority: The AUTHORIZED AGENT’s authority is non-exclusive, which means the PRINCIPAL reserves the right to appoint other agents or personally sell the property without prejudice to the AUTHORIZED AGENT’s efforts.
- Duties and Obligations of the AUTHORIZED AGENT: a. The AUTHORIZED AGENT shall use reasonable efforts to market and promote the property to potential buyers. b. The AUTHORIZED AGENT shall provide interested buyers with accurate and complete information about the property and facilitate property viewings as needed. c. The AUTHORIZED AGENT shall promptly inform the PRINCIPAL of any inquiries, offers, or developments related to the property. d. The AUTHORIZED AGENT shall not engage in any activity that may harm the PRINCIPAL’s interests or reputation.
- Compensation: The AUTHORIZED AGENT’s compensation shall be in the form of a commission based on the successful sale of the property. The commission rate and other payment terms shall be agreed upon separately by the Parties in writing.
- Duration: This Authority to Sell Non-Exclusive shall be in effect for a period of [Duration in months or years] from the date of execution, unless earlier terminated by either Party with written notice to the other.
- Governing Law: This Authority to Sell Non-Exclusive shall be governed by and construed in accordance with the laws of the Republic of the Philippines.
IN WITNESS WHEREOF, the PARTIES have hereunto set their hands on the date and place first above written.
[Principal’s Full Name and Signature] Principal
[Authorized Agent’s Full Name and Signature] Authorized Agent
SIGNED IN THE PRESENCE OF:
[Witness 1 Name and Signature] Address: ___________________
[Witness 2 Name and Signature] Address: ___________________
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