Here is the sample template you can use to write a down payment agreement letter.
To [name],
This is to notify [name] that the down payment of a non-refundable [amount] shall be made on the [date]. Thereafter, monthly installment options shall be carried forwarded for the remaining a tenure.
The down payment to the [company/ individual] is under the down payment installment plan. The additional monthly sum so calculated shall take effect from the above date unless otherwise. The down payment money is a nonrefundable option consideration and no taxes are levied on the same.
Your cooperation in this regard is much appreciated.
Sincerely,
[company/individual]
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