1. (ON THE LETTERHEAD OF THE INTENDING LICENSEE)
To,
DLF Commercial Enterprises Ltd.
DLF City Centre,
Mehrauli-Gurgaon Road,
DLF City, Ph-II, Gurgaon-122002
Letter of Intent
We hereby express our intent to take up Kiosk /Shop located in the Shopping Mall cum
Entertainment Complex “DLF Star Mall” on the following terms and conditions
mentioned below:
Mall Name DLF Star Mall
Kiosk/shop Number (Licensed
Premises)
FF 106
Intending Lessee Super House Retail
Brand name Stabilus
Total chargeable area 1273 sq.ft.
Specific area 827 sq.ft.
Rental/ Minimum Guarantee/ Revenue
share % For 1st Year
15% of Monthly Net Retail Sales, with effect
from the Rent Commencement Date.
For 2nd
Year
Minimum Guarantee Rent OR 15 % of
Monthly Net Retail Sales, whichever is
higher.
M.G Rent for 2nd year will be equivalent to
average monthly rent paid during 1st
year.
For 3rd Year
Minimum Guarantee Rent OR 15 % of
Monthly Net Retail Sales, whichever is
higher.
M.G Rent for 3rd year will be equivalent to
average monthly rent paid during 2nd year.
CAM 1.2 times on actuals
Rent free period 30 days
Lease period 3+3 years
Lock-in period 36 months
Security deposit 3 months calculated at Rs. 90/- psf.
Advance rent NA.
Escalation in rent 15% escalation of the average rent outflow
of the 3rd
year
Name: ___________________
Address: ___________________
___________________
___________________
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2. ___________________
Contact No: ___________________
For and on behalf of :-------------------------------------
(___________________)
AUTHORISED SIGNATORY
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