Deposit for lease area reservation is 1,323.00 Baht of total gross base rent, base service fee, management fee , totaling of 185,107.17 Baht (including VAT). The Tenant must pay the Deposit to be held by the Landlord throughout the Term until the date of signing a new lease Agreement and service Agreement. In the event that both parties cannot sign the Licence for Fitting out, the Lease Agreement and Service Agreement whatever reason without the default of the Landlord, the Landlord shall have the right to forfeit the Deposit paid by the Tenant in full immediately.
Once the Licence for Fitting out, the Lease Agreement and the Service Agreement has been executed by both parties, the Deposit shall be transferred to Lease Agreement automatically.
If the Licence for Fitting out, the Lease Agreement and the Service Agreement has not been executed by both parties with the Landlord’s default, the Landlord agreed to return the Deposit to the Tenant without any interest according to clause 14.3.