LETTER OF INTENT TO LEASE A HOME
Date: 1 April 2026
Premises: Flat 602, Homeland Heights, Sector 70, SAS Nagar, Punjab
- Proposed parties
Landlord: Rajiv Khanna, of House 214, Sector 8-B, Chandigarh. Tenant: Amanpreet Singh, of House 88, Phase 7, SAS Nagar, Punjab. Landlord mobile: +91 XXXXX XXXXX. Tenant mobile: +91 XXXXX XXXXX.
- Commercial proposal
The parties are discussing a residential tenancy beginning 3 April 2026 for 36 months at a monthly rent of ₹45,000 (Rupees Forty Five Thousand only), payable by the 5 day of each month. The proposed refundable security deposit is ₹90,000 (Rupees Ninety Thousand only).
Proposed escalation: 15% after every 36 months. Proposed lock-in: 12 months. Proposed termination notice: 60 days.
Routine maintenance proposal: Tenant will bear routine maintenance. Utility proposal: Tenant will pay metered consumption. Delivery condition: Unfurnished. Parking proposal: One basement car parking slot. Special commercial conditions: One pet permitted subject to society rules.
- Status of this letter
The agreed status of this letter is: Commercial terms are non-binding until the final lease is signed; confidentiality, access and costs clauses remain binding. Unless the selected status expressly makes the proposal binding, this letter records negotiations only and does not itself deliver possession, create a tenancy, or replace the final rent agreement or lease deed.