LETTER OF INTENT TO LEASE A HOME
Date: 1 April 2026
Premises: Flat 602, Homeland Heights, Sector 70, SAS Nagar, Punjab
- 1. 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.
- 2. Commercial proposal
The parties are discussing a residential tenancy beginning 2 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.
- 3. 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.
If the final instrument grants a lease for a term exceeding one year, registration is compulsory under section 17(1)(d) of the Registration Act, 1908. The final registered instrument, not this letter, should contain the complete possession, default, repair, subletting, access, termination and handover regime.
- 4. Costs and documentation
Stamp-duty and registration-cost proposal for the final instrument: Tenant will bear them. The parties will supply the KYC and property particulars reasonably required to prepare the final tenancy document.
- 5. Expiry
This proposal remains open until 2 April 2026 unless withdrawn earlier in writing where withdrawal is consistent with the selected binding status.
PERSONAL DATA NOTICE
This notice is given under the Digital Personal Data Protection Act, 2023. Personal data appearing in this document is collected for the specific purpose of evaluate and negotiate the proposed residential letting and prepare the final tenancy documentation, communicating about it, and maintaining the resulting legal or operational record. The data may be shown to the owner, tenant, authorised property manager or consultant involved in the transaction, and to a verification or professional service provider specifically instructed for that purpose.
If the transaction does not proceed, application-stage personal data will be retained for 90 days from the decision or withdrawal. If the transaction proceeds, the document record will be retained for the term of the tenancy or transaction, plus 12 months. Data collected only to verify identity at one moment should be destroyed after verification, retaining only the fact and date of verification.