Agreement

sachin (Querist) 08 May 2014 This query is : Resolved
Dear Sir/Madam,

We are real estate developers and just to provide additional facilities to the purchasers of our flats, we have decided to allocate space in the basement our building to a company to set up a laundry. We will not receive any fixed rentals but only 10% of revenue share and the tenure will be for 3 years with one year of lockin.

What is document that will need to be executed that will safeguard our rights in the premises and we can terminate the agreement if we do not find the arrangement to be beneficial to our costumes.

Our intention is not to make profits but to provide facility with little returns.

Regards,

Sachin

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