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]