AGREEMENT
WITH PROPERTY DEALER FOR HOUSE [CD1]
(letter
Form)
To:
AA
_________
Subject:
Sale of my House
Dear
Sir,
With
reference to your request to put on record the oral understanding between us,
arrived at on the evening of _________________________ in the presence of Mr.
_______________________ I am recording the same:
1.
You will introduce to me a
ready and willing purchaser for my house known as ‘‘Sharma Cottage’’ situated
at __________________________________ (Address)
2.
That in the event of any
purchaser introduced by you buying the said property within the period of
____________________________________ months from the date hereof I shall pay
you a commission of 5% on the money received by me from such sale.
3.
That the house ‘‘RAJA
VILLA’’ consists of the main two-storied building with electrical and sanitary
fittings (but no furniture), outhouses, garage and an extensive compound, the
entire property being in an area of about …………….. sq. ft. The property is
freehold and the sale will be free of all encumbrances.
4.
That the sale price of the
said property will be Rs …………… or any lesser amount I agree to accept and all
costs of transfer to be borne by the purchaser.
5.
Commission will accrue to
you on the date the final payment of the sale price is made. But in order to
oblige you I will make payments as follows:
(i)……….... % of the earnest
money will be paid to you on the date such payment is made, as refundable
advance in the event of the transaction falling through;
(ii)
………….. % of the balance on final payment.
6.
I shall not be entitled to
employ any other agent for procuring the sale of my said house within the said
period of. ………………………………………. Months.
7.
After the expiry of the said
period of _________________ Months this authority shall stand cancelled.
DATE:
_____
Yours faithfully,
Signature
………….
I
confirm the above
Signature
……………………
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