August 09, 2019

Mr. Rajiv Pal Puri,

……………………………………
……………………………………
……………………………………

Sub : Letter of Intent (LOI) pertaining to Entire Independent INDUSTRIAL BUILDING, bearing Plot no. 326,
Sector- 8, IMT Manesar, Gurugram, Haryana

Dear Mr. ……..,

I/We hereby confirm our intent to lease of INDUSTRIAL BUILDING bearing no. 566, ad-measuring
1012.50 Sq.Mtr., having Total Built-up Area of 8500 Sq.Ft. (consisting of SHED and Administrative Block)
situated at Industrial Estate, Sector-8, IMT Manesar, Gurugram, Haryana, on the following terms and conditions:

Without prejudice and subject to Final Agreement

Lessor : Mr. RAJIV PAL PURI

Lessee : ………………………………..

Property Address : Plot no 326, Situated at Sector-8, IMT Manesar, Gurugram, Haryana.
 
Total Built-up Area : 8500 Sq.Ft. (SHED and ADMINISRATIVE Block)

Rent     :  INR 1,65,000/- Per Month (PDC’s to be paid for 36Months)

GST (pertaining to Rent) : To be borne by the Lessee.

Interest Free Refundable

Security Deposit : Lessee will pay interest free refundable security deposit
equivalent to 4(Four) Months + 1(one)Month Rent as Advance.

Remittance of Rental : Rent shall paid by the Lessee on or before 7th day of
each calendar month 

Lease Tenure  : 9(nine) years

Lock-in-Period   : 36(thirty six) Months from the date of commencement of Lease

 
Rent Escalation : There shall be an escalation of 5% on the last rent paid
after every 12(twelve) Months

Notice Period : Lessee shall give 3months notice prior vacating, post Lock-in-Period

Fit out Period : Lessee is entitled to a rent-free fit out period of NILL days

Handover of Possession : Possession has already been handed-over by the Lessor

to the Lessee on Signing of Lease Agreement

Commencement of Lease & Rent : Rent and Lease shall be commence w.e.f. …………….
.
Nature of Agreement : Lease agreement shall be signed by both the parties within
10 days from the date of signing of this LOI.

Property/ House
Municipal Related Taxes : To be borne by the Lessor

Stamp Duty & Incidental

Expenses for Registration : To be borne equally by the Lessor and the Lessee

Electricity / Water & Sewer Charges

and Maintenance Charges of HSIIDC : To be borne by the Lessee

Security Deposit Schedule : Lessee shall remit Security deposit equivalent to

- 1(one) Month on signing of LOI
- 3(three)Month on execution of Lease Agreement
Plus 1(one) Month Advance Rent

Electricity Load / Power Back-up : Lessor shall Provide Electricity Load & Power connection of
200 KVA,

Permission for Leasing of Premises : Leasing Permission shall be taken by the LESSOR from HSIIDC /
Concerning Authorities. The LOI or Lease Deed would be valid only subject
to all the statutory documents related to ownership of the property are in
order.

Amenities : As is where is basis other than broken glasses, broken tiles, bathroom
fittings, along with bathroom doors and rectification of Seepage, and
repaint of seepages spots wherever necessary
Also the Doors, Windows, Glass, bathroom fittings which are missing or
broken should be repaired, and Electrical work/ fittings wherever necessary
The work should be completed before the signing of the Agreement.

Both the parties confirm their agreement to the above

Thanking you

Yours truly, Agreed and Accepted:

______________________________ __ ___________________________
(LESSEE) (LESSOR)