LETTER OF INTENT TO LEASE REAL ESTATE

RE: Notice of intent to enter into a Rental Agreement and Option to

Purchase Agreement for the real property known as

____________________________________________________

To Property Owner, Mr/Mrs. _____________________

Please be advised that the undersigned is interested in entering into a Rental Agreement. Please
be advised that I am a real estate investor that intends to enter into the agreements contemplated for the
purpose of investing in real estate as a going business concern. I now provide you with this Letter of
Intent.
This letter is intended to summarize in the separately numbered paragraphs below the terms by
which I desire to lease your property located at _______________________________________________
(the “Property”). For purposes of identification, _________________________The Seller (whoever is on
the deed) shall be referred to herein as “Landlord”, and ________________________________________
Shall be referred to herein as “Tenant”.

1. Property to be Rented. The Tenant or its assign(s) shall rent all of the Landlord’s interest in the
Property located at ___________________________________________, the terms of which
shall be more fully stated in a final agreement approved and signed by all parties (“Rental
Agreement”).

2. Term. Tenant or its assign(s) shall rent the Property for a term of ______________year(s).

3. Rental Rate. The Tenant or its assign(s) shall pay the amount of Php_______________per
month during the rental term.

4. Security Deposit. The Tenant or its assign(s) shall pay to Landlord a security deposit in the
amount of Php _______________________.

5. Possession Date. Landlord shall give possession to Tenant or its assign(s) upon commencement
of the Rental Agreement.

6. Option. Landlord shall grant to Tenant or its assign(s) an Option to purchase the property for
an estimated price of Php_____________________ (“Option Price”). If this space is blank, then
the parties agree that the Option Price shall be agreed upon in the final Option to Purchase
Agreement.

Signature (Landlord)_______________________________ Date: ___________________

Signature (Tenant) ________________________________ Date: ___________________