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SUB: Letter of Intent For Leasing Out Unit No. 1211, 12th Floor, Ocus Quantum, Sector 51, Gurgaon, Haryana

The letter of intent summarizes the understanding for leasing unit 1211, 12th floor of Ocus Quantum in Gurgaon. It outlines 22 terms and parameters of the lease including: the area being leased is 873 square feet; the monthly rent is Rs. 25,000 with a 5% annual escalation; a 2 month interest free refundable security deposit; a 1 month advance rent; and a lease duration of 11 months with a commencement date of August 1, 2023. The lessee will be responsible for maintenance costs, GST, and electricity charges.

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38 views

SUB: Letter of Intent For Leasing Out Unit No. 1211, 12th Floor, Ocus Quantum, Sector 51, Gurgaon, Haryana

The letter of intent summarizes the understanding for leasing unit 1211, 12th floor of Ocus Quantum in Gurgaon. It outlines 22 terms and parameters of the lease including: the area being leased is 873 square feet; the monthly rent is Rs. 25,000 with a 5% annual escalation; a 2 month interest free refundable security deposit; a 1 month advance rent; and a lease duration of 11 months with a commencement date of August 1, 2023. The lessee will be responsible for maintenance costs, GST, and electricity charges.

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.

1211, 12th Floor, Ocus Quantum, Sector 51,


Gurgaon, Haryana.
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.) 873 Square Feet approximately
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 2 Months


(months) on rent

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

10 Advance Rent (months) 1 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/2023
19 Rent Commencement Date 01/Aug/2023
20 Electricity Charges (Unit Cost) Payble by Lessee Standard DHBVN Commercial Charges
21 Signage Rights As per Developer norms
22 Validity of Proposal 20/Jul/2023
Accepted Accepted
LESSOR LESSEE

For _________________ For _____________________

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