Rent Deferral Letter Agreement between Mantua Creek Group, LLC and Your Hometown Deli, LLC
Mantua Creek Group, LLC, as landlord, agrees to defer the initial rent payment for Your Hometown Deli, LLC at 541A Mantua Ave., Paulsboro, NJ. Although the lease required rent to begin 30 days after the deli's opening on October 14, 2015, both parties agreed to delay the first $500 rent payment from November 15, 2015 to January 1, 2016 because the opening was a 'soft opening' and the deli was not fully operational. This letter documents the mutual agreement to extend the rent commencement date.
Exhibit 10.4
Mantua Creek Group, LLC
P. O. Box 65
Liberty Corner, NJ 07938
December 29, 2015
Ms. Christine T. Lindenmuth
Your Hometown Deli, LLC
25 E. Grant Street
Woodstown, NJ 08098
Re: Lease Agreement, 541A Mantua Ave., Paulsboro, NJ
Dear Christine,
Pursuant to our recent conversations, please accept this letter as written notification that Mantua Creek Group, LLC (Landlord) hereby grants Your Hometown Deli, LLC (tenant) a deferral of the initial rent payment, for the above referenced unit, from November 15, 2015 to January 1, 2016.
The lease agreement stated that the monthly rent of $500.00 was to start 30 days after the opening of the deli. Since the deli opened on October 14, 2015, the first payment would have been due on November 15, 2015, however, since the October 14, 2015 opening was a 'soft opening' and the deli was not fully functioning, it was mutually agreed to extend the commencement of your first monthly rent payment to January 1, 2016.
| Sincerely, | ||
| James T. Patten | ||
| James T. Patten, Manager |
