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Lease terms are the contract terms of a lease agreement between a lessee, usually the tenant, and a lessor, typically the landlord. The legal contract includes lease terms to establish the period of time by which the lease will last, contractual obligations, and more.
Material Lease means any Lease, to which any Leased Real Property is subject, that is material to the operations of a Group Company.
The Lessee has paid to the Lessor / s a sum of Rs. _________ only being ___________ month / s rent in respect of the 'said premises' as deposit of rent to be adjusted towards the rent for the last ____________ month / s of the tenancy. also be borne and paid by lessor (landlord).
Clearly state why you're writing the letter and why the property owner should continue reading. Include the property's address and let the landlord know that you're interested in leasing it under specific terms. Then go over your terms and include the non-binding clause.
Here is an example of a rent amount clause in a lease: "The Tenant agrees to pay $12,000 as rent, to be paid as follows: $1,000 per month, due on the 1st day of each month. Payment of the first month's rent and any security deposit is due upon the signing of this Lease by the Tenant.