The fee payable to a property broker on a particular transaction, and when each part of it falls due
Executed at Mohali on 1 April 2026.
1. The Client — Manpreet Singh Brar, son of Jaswant Singh Brar, resident of House No. 512, Sector 21-C, Chandigarh 160022, mobile +91 XXXXX XXXXX, email manpreet.brar@example.com ("the Client"), who is the seller of the Property.
2. The Broker — Rajinder Kumar Bansal, trading as Bansal Property Consultants, of SCO 22, Phase 3B2, SAS Nagar (Mohali), Punjab 160059, mobile +91 XXXXX XXXXX, email rajinder@bansalproperty.in, holding real estate agent registration number PBRERA-SAS80-REA0123 ("the Broker").
A. The transaction concerns the property at House No. 1147, Sector 70, SAS Nagar (Mohali), Punjab 160071, in Punjab: A two-storey house on a plot of 250 square yards, with a covered car porch ("the Property").
B. The Broker introduced Harpreet Kaur Gill to the Client, and they propose a transaction concerning the Property of a value of ₹90,00,000 (Rupees Ninety Lakh only) ("the Transaction").
1.1 The Client will pay the Broker a fee of ₹1,35,000 (Rupees One Lakh Thirty Five Thousand only) for its services in the Transaction ("the Fee").
1.2 The Fee stays at the amount stated, whatever price or rent is finally agreed.
1.3 Goods and services tax is payable on the Fee in addition to it, and the Broker will issue a tax invoice for each instalment.
2.1 The first instalment of ₹67,500 (Rupees Sixty Seven Thousand Five Hundred only) falls due on the signing of the agreement to sell or the tenancy agreement. The second instalment of ₹67,500 (Rupees Sixty Seven Thousand Five Hundred only) falls due on the signing of the agreement to sell or the tenancy agreement.