Kaagazaat

Project Leasing Mandate Agreement

At a glance

Price: ₹1,499 · GST included
Stamp duty: Fixes a project-wide mandate and a commission — sometimes with a retainer — but no power to sign for the Developer and no interest in the Project or any Unit — Article 5, Schedule I-A, Indian Stamp Act, 1899 (PB/CH), a small fixed sum, not a percentage of the rent, retainer or commission.
Registration: Not registrable.
Witnesses: Not required by law in either jurisdiction for a document of this kind; two are recommended all the same, because a dispute over exclusivity, over which broker introduced a tenant, or over whether a leasing target was met, turns on what was agreed and when — not on whether this Agreement was witnessed.

₹1,499

GST included

Launch period: downloads are free for now. The prices shown apply once payments open.

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Also called

Project Leasing Mandate
Developer Broker Mandate
Exclusive Leasing Mandate
Sole Leasing Agent Agreement
Leasing Agency Agreement
Master Leasing Brokerage Agreement
Project Marketing and Leasing Mandate
Builder Leasing Mandate

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Why you need it

When you need it

For a developer or the owner of a commercial project — an office building, a retail project, or a mixed development — appointing a broker to market and let out space across the whole project, not one premises and not one deal. Names whether the mandate is exclusive, and if it is, the Developer owes commission even on a letting it makes itself or through another channel during the Mandate Period. Fixes the commission structure — a flat fee, a percentage of the first year's rent, or a percentage for every year of the term, per Transaction, optionally alongside a retainer for holding the mandate — and whether the Broker may finalise terms with a tenant itself, within limits the Developer sets, or must bring every deal back for the Developer's approval. Covers who bears marketing cost, a leasing target if the parties want one and what happens if it is missed, and the mandate's term, renewal and termination. For a single letting that is already taking shape, with one landlord and one broker on one premises, use the Commercial Leasing Brokerage Agreement instead — it has no project-wide exclusivity, no retainer and no leasing target, because a single deal needs none of them. This document is the developer-side, project-wide mandate that a landlord letting one office, shop or godown does not need.

See stamp duty, registration and witnesses

What follows is written for Punjab and Chandigarh. It states the position there rather than describing how it varies, so the amounts below are the ones that apply — worth confirming at the sub-registrar’s office, because rates change. If the property is anywhere else in India, none of this is yours.

Stamp duty

Fixes a project-wide mandate and a commission — sometimes with a retainer — but no power to sign for the Developer and no interest in the Project or any Unit — Article 5, Schedule I-A, Indian Stamp Act, 1899 (PB/CH), a small fixed sum, not a percentage of the rent, retainer or commission. Stamp before signing under s.17; the Sub-Registrar's counter or an e-stamp vendor gives the actual figure, since neither the Punjab nor the Chandigarh published stamp duty table dates or numbers this residuary entry. Get it adjudicated by the Collector under ss.31-32 of that Act if it is ever disputed. Do not let the commission percentage or the retainer in this Agreement be read as if either were the ad valorem base for duty — it is not; this is a fee-for-service mandate, not a conveyance or a lease, and every lease that follows it is stamped separately, on its own terms, under Article 35.

Registration

Not registrable. Section 17 of the Registration Act, 1908 reaches only an instrument that itself creates or transfers an interest of Rs 100 or more in immovable property, and this Agreement creates no interest in the Project or in any Unit — it only fixes a mandate and a fee for it. Optional registration under s.18 is available and adds nothing here.

Notarisation

Not required — the witnesses below already establish who signed and when, and there is no interest in property for a notary to authenticate.

Witnesses

Not required by law in either jurisdiction for a document of this kind; two are recommended all the same, because a dispute over exclusivity, over which broker introduced a tenant, or over whether a leasing target was met, turns on what was agreed and when — not on whether this Agreement was witnessed.

Talk to a lawyer about this document₹3,539 including GST (₹2,999 + 18% GST), per documentRequest Stamp Paper

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PROJECT LEASING MANDATE AGREEMENT

A developer or owner's mandate to a broker to market and let space across a whole commercial project — exclusive or not, with or without a retainer, with or without a leasing target

Executed at Mohali on 1 April 2026.

Parties

1. The Developer — Northline Developers Private Limited, an individual, of SCO 45, Sector 34-A, Chandigarh 160022, acting through Rohit Nair, Director, authorised by board resolution dated 6 September 2026, mobile +91 XXXXX XXXXX, email rohit.nair@example.com ("the Developer").

2. The Broker — Rajinder Kumar Bansal, trading as Bansal Commercial Realty, of SCO 22, Phase 3B2, SAS Nagar (Mohali), Punjab 160059, mobile +91 XXXXX XXXXX, email rajinder@bansalcommercial.in, holding real estate agent registration number PBRERA-SAS80-REA0123 ("the Broker").

Background

A. The Developer is the owner and developer of Quark Business Park, an office project, consisting mainly of office space for commercial or business use, situated at Plot No. 12, Industrial Area Phase 8-B, S.A.S. Nagar (Mohali), Punjab 160059: A 3,20,000 square feet commercial project of two towers — Tower A (offices, floors 1 to 12) and Tower B (retail, ground and first floors) — of which about 40 per cent is let as of this date ("the Project").

B. The Developer wishes to appoint the Broker to market the Project and let out its available space, across the Project as a whole and not only a single Unit or a single deal, on the terms of this Agreement.

C. This Agreement is in Punjab. It governs the mandate given to the Broker and the commission — and retainer, if any — payable on it. It is not itself a lease, an agreement to lease, or any other instrument transferring an interest in property.

1. The mandate

1.1 "Transaction" means a lease of any office, retail or other commercial unit, floor or space forming part of the Project ("a Unit"), entered into between the Developer, as landlord, and a tenant the Broker introduced, identified or negotiated with under this Agreement.

1.2 This mandate covers every Unit in the Project that is vacant, or becomes vacant, during the Mandate Period defined in clause 9 — it is not limited to a single Unit or a single Transaction. The Developer may withhold a specific Unit from this mandate by naming it in writing to the Broker, whether before this Agreement is signed or at any time after, until the Developer withdraws that reservation in writing.

1.3 The Broker may negotiate the commercial terms of a Transaction with a prospective tenant, and may agree and confirm those terms on the Developer's behalf — including by issuing a term sheet or letter of intent binding the Developer — provided they are within the rent, escalation, security deposit, lock-in and other parameters the Developer has given the Broker in writing under clause 4.2. The Broker has no authority to agree terms outside those parameters, to sign a lease deed, or to accept money on the Developer's behalf, without the Developer's specific written approval.

1.4 The Broker will not delegate this mandate to another broker or sub-agent without the Developer's prior written consent, and remains responsible for everything done under this Agreement whether or not it delegates.

2. Exclusivity

2.1 This mandate is exclusive for the whole of the Mandate Period. During that time the Developer will not appoint another broker or agent to market or let any part of the Project, and if the Developer lets any Unit during the Mandate Period other than through the Broker — including by letting it directly, without any broker — the Developer will still owe the Broker commission on that Transaction under this Agreement as if the Broker had procured it.

Questions about this document

Does the Project Leasing Mandate Agreement need stamp paper or stamp duty in Punjab and Chandigarh?

Does the Project Leasing Mandate Agreement need registration in Punjab and Chandigarh?

What does the Project Leasing Mandate Agreement cost on Kaagazaat?

₹1,499, GST included.

Launch period: downloads are free for now. The prices shown apply once payments open.

Does the Project Leasing Mandate Agreement need witnesses?

Often needed with this document

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