Dear Ms. Busaba and accounting department of Lochinseng Company:
We received your company email this morning regarding the renewing the warehouse rental and your company's claim to forfeit our deposit paid to your company. We are deeply regret to the email you sent and would like to clarify several terms with your company in writing in this email.
Firstly our contract with Lochinseng Company is an annual contract that commence from November 19 2013 to November 18 2014. The contract has already ended for more than 1 month. Currently there is no contract between Global Property Connection and Lochinseng Company.
Secondly, it is clearly stated in our contract Clause 3.2 that in case of GPC need to renew contract, GPC have to send written consent to Lochinseng at least 3 months before the expired date of the contract and new contract will only be effective once both parties agree to rental conditions such as: Rental fee, Service Fee or another conditions and the new contract would already have made, then the renewable of the new contract will be effective. In our case GPC has not sent any written consent to Lochinseng regarding renewing new warehouses and both parties have clearly not agreed with new contract terms as well. Therefore it is very clear our contract has ended and our deposit shall be returned accordingly.
Therefore we require your account department to remit us our deposit balance, which is stated in below, as soon as possible. Our company reserves the right to claim Lochinseng for our deposit plus interest should