Deposit
A security deposit of Baht 63,250.- (Baht Sixty three thousand two hundred and fifty) (exclusive of VAT) equivalent to one month gross rental and service charge is payable on the date of signing this offer letter.
A further deposit of Baht_126,500.- (Baht One hundred twenty six thousand and five hundred) (exclusive of VAT) equivalent to two months gross rental and service charge is payable upon the date of signing the Lease and Service Agreements.
The Deposit will only be refunded, free of interest, after expiry of the Lease and Services Agreements, subject to the Tenant’s compliance with all the terms and conditions of the Agreements and net of any deductions payable in respect of any default by the Tenant.