Agreement For
Appointment Of A Broker For Selling A House
THIS
AGREEMENT made at ......... on this ................. day of
......................, 2000, between A S/o. B resident of ..................
hereinafter called "the owner" (which expression shall, unless it be
repugnant to the context or meaning thereof, be deemed to mean and include his
heirs, legal representatives, executors and administrators) of the ONE PART and
C S/o D resident of ........................... hereinafter called "the
broker" (which expression shall, unless it be repugnant to the context or
meaning thereof, be deemed to mean and include his heirs, legal
representatives, executors and administrators) of the OTHER PART.
WHEREAS
the owner is the absolute owner of the property described in the Schedule
hereunder written and he wants to sell the same and for that purpose he
requires the services of a broker.
AND
WHEREAS the broker, who is a reputed broker dealing in real estate in the area
has shown his willingness to sell the said property.
AND
WHEREAS the owner has agreed to appoint the broker for the sale of his property
described in the Schedule hereto on the terms and conditions as hereinafter
appearing.
NOW
THIS AGREEMENT WITNESSES AS UNDER:
1. The owner authorises the broker to sell
the property for a consideration of Rs.................. out of which the
purchaser shall pay Rs ...................... in advance as earnest money and
the balance of Rs ...................... shall be paid within a period of three
months at the time of registration of the conveyance deed.
2. The owner hereby represents and warrants
that the details of the property as described in the Schedule hereunder written
are true and the title of the owner to the said property is clear, marketable
and free from encumbrances.
3. The owner hereby undertakes that after
the receipt of earnest money from the purchaser, he shall deliver the abstract
of title showing that he is the owner of the property and the property is free
from mortgage, lien, charge or any encumbrance.
4. The owner hereby agrees that on receipt
of entire consideration in respect of the property, he shall execute conveyance
deed in favour of the purchaser.
5. The broker hereby agrees that he shall be
able to sell the property within a period of one month from the date of these
presents.
6. The owner shall pay to the broker the
commission at the rate of 2% of the consideration, which shall be payable at
the time of execution of the conveyance deed of the property.
IN
THE WITNESS WHEREOF the parties have hereunto set their hands, the day, month
and year first above written.
Schedule
of the above property
Signed
and delivered by A s/o B, the within named owner
Signed
and delivered by C s/o D, the within named broker
WITNESSES;
1.
2.
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