October 27, 2021
______ Bank Ltd.
Plot # 28, F-10 Markaz
Subject: Request for 12-months advance rent regarding property/premises consisting of (Sr. No. 25-32) total measuring 4000 Sqft at Lower Ground Floor built on plot # 28, F-10 Markaz, Islamabad.
Kindly refer to the attached memorandum of understanding regarding the lease deed dated 22-11-2007 executed between the undersigned and your bank, pertaining to the property mentioned in the captioned subject. The undersigned received 2 years advance rent @ Rs. 680,000/- per month for the period 22-11-2019 to 22-11-2021.
An advance rent for the period 23-11-2021 to 22-11-2022 with an increase of 20% is coming due as per the following detail:
Monthly old rent up till 22-11-2019: Rs. 680,000/-
20 % Increase as per agreement: Rs. 136,000/-
Monthly rent for the period (23-11-2021 to 22-11-2022) : Rs. 816,000/-
Payable advance rent for the period (23-11-2021 to 22-11-2022) : Rs. 97,92,000/-
Kindly make arrangements for the payment of 12 months‘ rent in advance amounting to Rs. 97,92,000/- which shall be automatically adjusted towards monthly rent payable for the period (23-11-2021 to 22-11-2022). The tax at source may also be deducted from the payable amount & a copy of the same shall be provided to the undersigned for the record.
Your Name (Property Owner)
H. No. 00, Street No. 00, Sector 00, Islamabad
NIC / ID # 12345678
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