Past Due Rent Payment Plan Agreement Template

Disclaimer

The document provided serves as a general example for establishing a payment arrangement for overdue rent. It is intended solely for informational purposes and does not substitute for professional legal advice. Regulations and requirements may vary by jurisdiction, and users should tailor the agreement to meet local laws. Responsibility for the proper use and adaptation of this template lies with the user, and no liability is assumed for errors, omissions, or consequences arising from its use without proper legal review.

This sample agreement illustrates a Past Due Rent Payment Plan. Please note that details may vary depending on individual circumstances and applicable laws. Adjust accordingly to your situation.

Past Due Rent Payment Plan Agreement Sample

Parties Involved:

Landlord: Alex Johnson
Address: 789 Maple Street, Springfield, IL 62704

Tenant: Maria Garcia
Address: 101 Pine Lane, Springfield, IL 62704

Purpose of Agreement:

This agreement sets forth the terms under which the tenant agrees to pay past due rent in installments, to resolve outstanding rent arrears owed to the landlord.

Past Due Amount:

The total overdue rent amount is $1,500, accruing from prior unpaid months. The tenant agrees to pay this amount in accordance with the schedule specified below.

Payment Schedule:

The tenant shall pay the overdue amount in installments as follows:

• First payment of $500 due on ___________________
• Second payment of $500 due on ___________________
• Final payment of $500 due on ___________________

Obligations of the Parties:

The tenant shall adhere to the payment schedule outlined above. The landlord agrees to refrain from pursuing legal action related to the overdue rent as long as the tenant fulfills the payment obligations on time. Both parties agree to communicate openly regarding any issues arising in meeting this schedule.

Additional Terms:

• Any missed payments shall be reported immediately, and both parties will seek to resolve the issue in good faith.
• This agreement does not alter the original lease agreement unless explicitly stated.
• Failure to comply with this payment plan may result in termination of the lease and pursuit of legal remedies.

Springfield, ______________________