Get Format Of Letter Of Intent (loi) Quotation To Be Submitted By ...

This guide is designed to assist users in accurately filling out the Format of Letter of Intent (LOI) Quotation. By following these clear and straightforward instructions, you can efficiently complete the required form and ensure that all necessary information is provided correctly.

Follow the steps to successfully complete your LOI quotation form.

1. Press the ‘Get Form’ button to obtain the LOI quotation form. It will open in an online editor for you to work on.
2. Begin by filling in the details under 'Particulars.' Start with the LOI/Quotation title, which should clearly identify the purpose of the form.
3. Provide the detailed address of the property to be leased out, which in this case is the specified location at 12th Floor, Bajaj Bhawan, Nariman Point, Mumbai.
4. Indicate the area available for lease, specifying '1705 sq. ft. (furnished).' Ensure this matches the property details.
5. Enter the lease tenure of '05 Years,' which reflects the duration of the lease agreement.
6. Fill in the lease rent, entering the monthly rate as 'Rs. __________/‐ per sq.ft per month +GST,' ensuring that the minimum rate is above Rs. 170/‐.
7. Specify the lock-in period, which is '03 years (36 Months),' indicating restrictions on early termination.
8. Detail the escalation in rent, stating that it shall increase at a rate of '05% every year,' starting from the commencement date.
9. Outline the monthly lease rent payment schedule, noting that it should be paid in advance by the 10th of each month and describe the penalties for delays.
10. Include details about the interest-free refundable security deposit and its equivalence to six months of the license fee, due at handover.
11. State responsibilities regarding taxes, levies, and duties, indicating which party bears these costs.
12. Mention stamp duty, registration charges, and electricity costs, clearly defining each party's obligations.
13. Complete the fields regarding common maintenance charges and provide information related to the lease termination notice.
14. Fill in possession terms and parking space availability, specifying details as provided in the document.
15. Note the fitment period and enter the terms regarding LOI negotiation, termination, and withdrawal rights.
16. Finalize by signing the document, including the name and designation of the authorized person, company name, and seal.
17. After completing the form, save changes, and choose to download, print, or share it as needed.

Start filling out your LOI quotation form online today to ensure a smooth submission process.