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    Offer From 7-11 Mercedes Camarines Norte

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    Darwin Etang
    The letter proposes leasing 180 square meters of Mr. Pimentel's property in Mercedes, Camarines Norte for 10 years at a monthly rent of PHP 20,000, with 3 months advance rent and security deposit required and an annual 5% rent increase starting in the third year, along with a 90 day rent-free period. The terms and conditions are summarized in the table provided in the proposal.

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    Offer From 7-11 Mercedes Camarines Norte

    Uploaded by

    Darwin Etang
    24 views1 page
    The letter proposes leasing 180 square meters of Mr. Pimentel's property in Mercedes, Camarines Norte for 10 years at a monthly rent of PHP 20,000, with 3 months advance rent and security deposit required and an annual 5% rent increase starting in the third year, along with a 90 day rent-free period. The terms and conditions are summarized in the table provided in the proposal.

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    Offer from 7-11 Mercedes Camarines Norte

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    The letter proposes leasing 180 square meters of Mr. Pimentel's property in Mercedes, Camarines Norte for 10 years at a monthly rent of PHP 20,000, with 3 months advance rent and security deposit required and an annual 5% rent increase starting in the third year, along with a 90 day rent-free period. The terms and conditions are summarized in the table provided in the proposal.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    24 views1 page

    Offer From 7-11 Mercedes Camarines Norte

    Uploaded by

    Darwin Etang
    The letter proposes leasing 180 square meters of Mr. Pimentel's property in Mercedes, Camarines Norte for 10 years at a monthly rent of PHP 20,000, with 3 months advance rent and security deposit required and an annual 5% rent increase starting in the third year, along with a 90 day rent-free period. The terms and conditions are summarized in the table provided in the proposal.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    of 1

    7 April 2021

    MR. MARC DESIE PIMENTEL


    Lessor

    Dear Mr. Pimentel

    This is with reference to our intention to lease portion of your property located at Mercedes, Camarines Norte

    In connection with the above, we are sending our proposal with terms and condition summarized as follows:

    Terms & Conditions Transaction Type


    Area 180 sqm building area
    Monthly Rent Php 20,000.00
    Advance Rent 3 months equivalent
    Security Deposit 3 months equivalent
    Escalation Rate 5% annually starting on 3rd year
    Rent-Free Period 90 days
    Lease term 10 years

    We hope that this proposal merits your valuable consideration and we look forward to doing business with you
    soon. Please do not hesitate to call the undersigned at 0945-496-0201 to attend to any questions you might
    have.

    Thank you.

    Very truly yours,

    Darwin M. Etang
    Business Development Specialist

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