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SUB: Letter of Intent For Leasing Out Unit No

This letter of intent summarizes the understanding between the lessor and lessee for leasing out a unit. It outlines 22 terms and parameters of the lease including the monthly rent of Rs. 25,000, a 12 month interest free refundable security deposit, 5 months of advance rent, the lessee paying for maintenance and electricity charges, a lease duration of 11 months with a 1 month termination notice period, and both parties accepting the proposal terms.

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Honey Shukla
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225 views1 page

SUB: Letter of Intent For Leasing Out Unit No

This letter of intent summarizes the understanding between the lessor and lessee for leasing out a unit. It outlines 22 terms and parameters of the lease including the monthly rent of Rs. 25,000, a 12 month interest free refundable security deposit, 5 months of advance rent, the lessee paying for maintenance and electricity charges, a lease duration of 11 months with a 1 month termination notice period, and both parties accepting the proposal terms.

Uploaded by

Honey Shukla
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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SUB: Letter of Intent for Leasing out Unit No.

As per our discussion on the subject, we are pleased to offer this Letter of Intent (LOI) to
summarize the understanding:

S.No Terms / Parameters Details


1 Area on which rent is charged (sq.ft.)
Condition of the premises (at the time of
2 Warmshell
handover)
3 Lessor Mr. __________________________
4 Lessee M/s __________________________
Commercial & Other Lease terms Proposal
5 Monthly Rent – Rs. 25,000 /- Per month
6 Maintenance As per Actuals payble by LESSEE
7 Power Back-up Provisions 100% DG Power backup

8 Interest Free Refundable Security Deposit 12 Months


(months) on rent

9 Payment Terms for Security Deposit 100% before Lease Deed signing

10 Advance Rent (months) 5 Month Advance Rent

11 %age of escalation in rent (after every term) 5 % after every year

Lessor shall bear all the property & municipal


12 Municipal & Property Tax taxes related to the leased premises

13 GST Tenant scope


14 Stamp Duty & Registration charges 50, 50
15 Duration of Lease 11 Months
16 Lock in period for (months) 11 Months
17 Termination Notice period (months) 1 Month
18 Lease Commencement Date 01/Aug/2019
19 Rent Commencement Date 01/Aug/2019
20 Electricity Charges (Unit Cost) Payble by Lessee Standard DHBVN Commercial Charges
21 Signage Rights As per Developer norms
22 Validity of Proposal 01/Aug/2019
Accepted Accepted
LESSOR LESSEE

For _________________ For _____________________

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