Brokerage

Commission Terms & Conditions

I. SALE / PURCHASE

Where there is any immovable property that is transferred through sale or exchange or by transfer of shares in a Co-operative Society or Company or any other Association of Persons or through any other agreement or arrangement, including Transfer of Development Rights (TDR), FSI or Long Term Transfer of Development Rights, commission at the following rates on the total consideration amount (inclusive of loan amount) and /or deferred payments, if any, shall be paid to UpRise Realtors LLP as under:

(a) Where we act on behalf of both the Buyer and the Seller, commission at the rate of 2 % shall be paid to us by each party.

(b) Where we act only for the buyer or the seller, commission @ 2% shall be paid by the party for whom the member acts.

Any transaction that includes that of immovable property covers all transactions under the definition given in Section 269 U, Chapter XX-C of the Income Tax-Act, 1961, and also under Transfer of Property Act, 1882.

Note : In the event, a company is taken over, with the express or implied intention of acquiring the immovable property of the company, then 2% of the market value of the property will have to be paid by the Vendor and the Purchaser to the UpRise Realtors LLP as commission.

Terms of Payment
• 25% of the commission shall be payable to us at the time of payment of earnest money or token amount whether simultaneously accompanied by execution of an Agreement or Deed of Transfer or not, by way of non-refundable service charges and out of pocket expenses.

• 75% of the commission shall be payable to us on receipt of allotment letter or on signing of agreement or on possession or on receipt of full payment whichever is earlier.

II. (A) LEASE / LEAVE & LICENSE / BUSINESS CENTRE

In the case of Lease / Leave and License / Business Centre Agreement, commission @ 2 months rent and 2% of the deposit amount, becomes due & payable, both by the Lessor / Licensor / Business Centre owner AND by the Lessee / Licensee / Occupier of the Business Centre; to the broker concerned. The above commission is payable irrespective of the period of Lease / Leave and Licensee / Business Centre agreement.

III. NO BROKERAGE IS APPLICBALE FOR PRIMARY PROPERTIES PURCHASE IN MUMBAI.

NOTE : Commission / Brokerage / Agency Fee / Services Charges / Any Other charges, under any name whatsoever paid to the member for services rendered SHALL NOT BE REFUNDABLE UNDER ANY CIRCUMSTANCES.

GST
The current rate of GST on realty services is 18 %.