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.
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").
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.
1.1 "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.
2.1 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.