The agreed ending of a property agent's appointment, and what survives it
Executed at Mohali on 1 April 2026.
1. The Owner — Gurpreet Singh Sandhu, son of Harbhajan Singh Sandhu, resident of House No. 1147, Sector 70, SAS Nagar (Mohali), Punjab 160071, mobile +91 XXXXX XXXXX, email gurpreet.sandhu@example.com ("the Owner").
2. The Agent — 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 Agent").
A. By an agreement dated 2 April 2026 ("the Agency Agreement"), the Owner appointed the Agent in connection with 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 Owner and the Agent have agreed to end that appointment on the terms below.
1.1 The Agent's appointment ends on 3 April 2026 ("the End Date"). From that date the Agent has no authority to market the Property, show it, negotiate for it, receive money for it, or act for the Owner in any other way.
1.2 Neither party pays the other any compensation for ending the agency before its term.
2.1 The Owner owes the Agent ₹45,000 (Rupees Forty Five Thousand only) for commission already earned, and will pay it on or before 3 April 2026. No other commission has been earned, and none is payable except under clause 3.
3.1 An introduction the Agent made earns commission after the End Date only if the person introduced is named in this clause. The persons named are: Harpreet Kaur Gill, viewed on 2 August 2026; Manpreet Singh Brar, viewed on 9 August 2026. If, within 90 days after the End Date, the Owner enters into a transaction with any of them, the commission provided for in the Agency Agreement is payable to the Agent.
4.1 Within 7 days after the End Date, the Agent will return every key, access device and document of the Owner's, remove every signboard, withdraw every advertisement of the Property it placed or caused to be placed, and confirm in writing that it has done so.
4.2 The Agent will tell every person to whom it has shown or offered the Property, and every agent with whom it shared the listing, that it no longer acts for the Owner. Until a third party knows that the appointment has ended, that party may still be entitled to treat the Agent as acting for the Owner.