The agreed refund of a broker's fee where the transaction it was paid for did not happen
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").
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 Client paid the Broker a total of ₹67,500 (Rupees Sixty Seven Thousand Five Hundred only) as brokerage for the sale of the Property to Harpreet Kaur Gill under an agreement to sell dated 1 July 2026, concerning 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 Transaction").
B. The transaction failed because the seller or landlord refused or was unable to complete, for a reason the Client did not cause.
1.1 The Broker will refund ₹67,500 (Rupees Sixty Seven Thousand Five Hundred only) to the Client on or before 2 April 2026, by bank transfer. The Broker keeps the rest of the brokerage paid, for this reason: Costs of title searches commissioned at the Client's request
1.2 If the refund is not paid by 2 April 2026, the Client may recover the unpaid amount from the Broker as a debt, with interest from that date.
2.1 When the refund has been paid in full, neither party has any further claim against the other for brokerage on the Transaction.
2.2 If the parties to the Transaction revive it and complete it on substantially the same terms within 6 months after the refund is paid, the brokerage originally agreed becomes payable again, and the refund does not reduce it.
2.3 Nothing in this document is an admission by either party of responsibility for the failure of the Transaction, and it does not affect any claim either of them has against the other party to the Transaction.
3.1 This document is governed by the law in force in Punjab, and only the courts having jurisdiction where the Property is situated may decide a dispute about it.
3.2 Nothing in this document transfers or creates any interest in any property.
3.3 A notice under this document is given in writing, by hand or by email, to the address given for the other party above.
This notice is given under the Digital Personal Data Protection Act, 2023.
The names, addresses, telephone numbers and email addresses in this document are collected for one purpose: recording and paying the refund of brokerage on the Transaction. The Client and the Broker each keep a copy of this record. It may be shown only to the parties and their accountants, and it will not be used for marketing.