Vendorable
Understand agency agreements and amendments
The sale or lease agency agreement records the appointment between the property owner and the appointed agent. If material appointment terms later change, use an amendment so the earlier agreement remains part of the record.
The initial agreement
The accepted bid supplies the appointment details and signatories. Acceptance starts signing. Once the required parties sign, Vendorable records the executed agreement and makes it available from the workspace.
For a lease, the agency agreement covers the appointment of the leasing or leasing/managing agent. Terms between the owner and tenant belong in the lease deal, not in the agency agreement.
Propose an amendment
- Open the job's Workspace.
- Open Agency agreement.
- Choose the action to create an amendment.
- Change the material appointment details and review the proposed signatories.
- Submit the proposal.
Approval and acceptance
The appropriate counterparty first reviews and approves the proposal. The other side can then sign to accept it or reject it. An accepted amendment becomes the current agreement while earlier executed agreements remain available as superseded records.
A proposed amendment must make a material change. Use messages or notes for ordinary discussion that does not change the agreement.
If an amendment is rejected
The existing executed agreement remains current. Discuss the issue in the workspace and create a new proposal if the parties later agree on different terms.
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Last reviewed July 24, 2026