The terms on which a landlord or a prospective tenant engages a broker for commercial leasing, which side the Broker acts for, and the event that earns the Broker's commission
Executed at Mohali on 1 April 2026.
1. The Client — Northline Analytics Private Limited, an individual, of Plot No. 8, Phase 8-B, Industrial Area, S.A.S. Nagar (Mohali) 160055, acting through Rohit Nair, Director, authorised by board resolution dated 6 September 2026, mobile +91 XXXXX XXXXX, email rohit.nair@example.com ("the Client").
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 Client is the Landlord of the Premises described below, and instructs the Broker to find a tenant and let out the Premises.
B. The Broker is instructed in respect of the premises described as: Unit 412, Fourth Floor, Tower A, Quark City IT Park, with two covered car parking spaces, situated at SCO 45, Sector 34-A, Chandigarh 160022 ("the Premises"), which the Client wishes to let to a tenant on terms the Client approves.
C. This Agreement is in Punjab. It governs the mandate given to the Broker and the commission 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 the Premises entered into between the Client, as landlord, and a tenant the Broker introduced, identified or negotiated with under this Agreement.
1.2 The Broker has no authority to sign a term sheet, an agreement to lease, a lease deed or any other binding document for the Client, to accept money on the Client's behalf, or to make any promise that binds the Client, unless the Client gives that authority separately and in writing.
1.3 The Broker will not, without the Client's prior written consent, also act for or accept a fee from a prospective tenant in the same Transaction. If the Broker does act for both sides with that consent, it will disclose in writing to the Client every payment it receives from the other side.
1.4 The Broker will not delegate this mandate to another broker or sub-agent without the Client's prior written consent, and remains responsible for everything done under this Agreement whether or not it delegates.
2.1 Market the Premises to prospective tenants at a rent the Client approves, arrange viewings at times agreed with the Client, and keep a dated record of every prospective tenant shown the Premises.
2.2 Pass every offer, term sheet or counter-offer to the Client promptly and in writing, whatever its terms, and never hold one back because the Broker thinks it unsuitable.