LETTER OF INTENT - CCN Realty

1 CCN_LOI_CondoApt_Form19 Page 1 LETTER OF INTENT (Condo / Apartment Lease) (SUBJECT TO CONTRACT) Date : _____ ATTENTION : _____ c/o_____ _____ FAX: _____ Dear Sir/Madam, PROPERTY: _____ We write to confirm that our client _____ _____ (Employee: _____) intends to lease the above-mentioned premises subject to your acceptance of the following terms & conditions :- TERMS OF AGREEMENT Rental S$_____ per month (*unfurnished/ partially/ fully furnished) inclusive of GST (if applicable), monthly maintenance charges, fixtures, fittings, appliances payable on or before the _____ day of each month during the term.

2 Commencement Date _____ 2_____. of Lease Period of Lease _____ (___) months with an option to renew for a further term of _____ (___) months at the then prevailing market rental to be mutually agreed by both parties. Diplomatic Clause Will only apply after twelve (12) months occupation by the Tenant s designated employee, and thereafter the tenancy may be terminated by the Tenant by giving two (2) months notice or two (2) rental in lieu of such notice. Security Deposit Equivalent to _____ (___) months rental totaling S$_____ to be held by the Landlord and refundable without interest to the Tenant within fourteen (14) days after the expiry of the lease.

3 Goodfaith Deposit _____ (_____) months goodfaith deposit of S$_____ payable on the signing of this LETTER of INTENT . This deposit will be applied to the 1st month s rental at contract execution. CCN Realty PTE LTD (ROC : 199905720E) (Licence : L3008138F) 2 Jurong East Street 21 #04-01A IMM Building, S609601 Tel : (65) 6565 5155 Fax : (65) 6566 1998 CCN_LOI_CondoApt_Form19 Page 2 Utilities Supply / To be borne by the Tenant. Telephone Charges Singapore Cable Vision The Landlord will provide a minimum of one (1) point in the Subscription premises while the Tenant will be responsible for the subscription. Any additional SCV points required by the Tenant shall be borne by the Tenant.

4 Air-Conditioning Quarterly air-conditioning service and maintenance charges to be borne by the Tenant throughout the term of lease. Landlord to be responsible for the repair and replacement of parts not arising from willful misuse or gross negligence of the Tenant. Legal Costs Each party to bear its own legal cost for preparation of the Tenancy Agreement, if any. Stamp Duty The cost of stamping the Tenancy Agreement will be borne by the Tenant. Minor Repairs The Tenant shall be responsible to pay for minor repair charges or to replace expendable items in the inventory up to S$_____ per item. ITEMS TO BE DONE AND PROVIDED AT THE LANDLORD S EXPENSE (other than those items already present at the premises) 1.

5 To ensure that all electrical, plumbing and sanitary installations are in good and serviceable condition prior to the commencement of the lease. 2. To carry out initial servicing to all air-conditioning units, and to ensure all faulty appliances (if any) and any other defects (if any) are rectified prior to the commencement of the lease. 3. To ensure the cleaning of the entire premises including all cabinets, wardrobes, appliances (including refrigerator, cooker hob, oven, cooker hood), windows, curtains, etc. prior to the commencement of the lease. 4. To clean and touch up the interior and exterior of the entire premises. This includes walls and ceilings, the metal railing of the balconies, windows and doors.

6 5. To thoroughly clean all marble, parquet and any ceramic flooring. _____ _____ _____ CCN_LOI_CondoApt_Form19 Page 3 As a genuine gesture to lease your above premises, we enclosed herewith a cheque of S$_____ being payment as goodfaith deposit to be held by the Landlord for securing the above said property. We agree to sign the Tenancy Agreement with the Landlord within TEN (10) days from the date of this LETTER . The parties hereto agree that if for any reason the Tenancy Agreement is not agreed upon and signed by both parties within the aforesaid TEN (10) days for the stated occupier is relocated or transferred from Singapore to another country prior to the signing of the Tenancy Agreement, only in this circumstance shall the goodfaith deposit paid herewith be refunded to the Tenant without any interest or deductions within THREE (3) days.

7 Thereon and thereafter, neither party shall have any claim against the other. In the event after signing this LETTER of INTENT , the Tenant is not agreeable to proceed to signing of the Tenancy Agreement, the goodfaith deposit shall be forfeited by the Landlord. In the event that the goodfaith deposit is forfeited by the Landlord, then half (1/2) of the said amount shall be paid to the Landlord s Salesperson. Likewise, if the Landlord is not agreeable to proceed to signing of the Tenancy Agreement, the Landlord would compensate the Tenant one month of rental apart from returning the goodfaith deposit paid earlier. Upon signing of the Tenancy Agreement on such terms as may be mutually agreed to by both parties, this goodfaith deposit shall be treated as the first rental payable under the agreement.

8 Yours faithfully, _____ Estate Agent : CCN Realty Pte Ltd (Licence No. L3008138F) Salesperson s Name : NRIC No. : CEA Reg. No. : Date: Please sign on the duplicate copy confirming your acceptance of the above-mentioned terms & conditions. Confirmed and acknowledged by : _____ Dated : _____ Signature of Tenant(s) Company s Stamp Name*/*PP/NRIC No. : _____ Company/ROC No. : _____ Mailing Address : _____ CCN_LOI_CondoApt_Form19 Page 4 ACCEPTANCE COPY We/I, the Landlord(s)_____NRIC No: _____ and _____ NRIC No: _____ acknowledge receipt of cash/cheque no: _____ of amount S$_____ being goodfaith deposit for the lease with terms and conditions as mentioned in this LETTER of INTENT .

9 _____ Dated : _____ Signature of Landlord(s) Company s Stamp _____ Signature of Witness Salesperson s Name : NRIC No.: CEA Reg. No.