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Mcd Biz Plan

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Submitted By jellyppl
Words 284
Pages 2
July 22
1. The subject tenant has agreed to renovate the premises for the new tenancy term (5 years) and has signed back the renewal offer letters but requested amendment of the S & R clause so that the termination notice cannot be served by the Landlord within the 1st 36 months of the TCD & that the notice period shall be 6 months instead of 3 months.
2. After several rounds of negotiations, the tenant finally proposed the following terms:
a) Renew for 2 years term at $78,000.00 / mth (exclusive) i.e. 7.23% > previous effective rent.
b) No amendment for the S & R clause.
c) No renovation work for the renewal term.
3. In order to retain this reputable chain store and to maintain the occupancy and rental income for the mall, we recommend RAC to accept the above offer.
4. Central A/C time shall be NIL since there is no A/C provided by the Landlord to the premises.

We would like to seek RAC's approval for the following items :
1. A renewal term of 2 years at $78,000.00 / month (exclusive) or 10% GST whichever is the higher;
2. Total cash deposit shall be $308,496.00 ;
3. Central A/C time shall be NIL from Monday to Sunday for the notification form

30 Oct
Offer letter is signed back. We seek your approval for converting into normal tenancy.
2. According to the previous T.A, the deposit should be HKD$218,212.50 Bank Guarantee + HKD$90,283.50 in cash,instead of all deposit in cash, we seek your approval for the above issue and converting into normal tenancy.
Justification:

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