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Rent arrears payment plan template

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The document is a Rent Arrears Repayment Agreement between a Landlord and Tenant, established in response to financial hardships caused by COVID-19. It outlines the total rent arrears owed, payment amounts and dates, the obligation for the Tenant to pay full monthly rent starting from a specified date, and encourages the Tenant to seek government financial assistance. The agreement also allows for future revisions based on changing circumstances.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the best excuse for not paying rent on time?

There are several legitimate reasons that could explain a late rent payment. Some common ones include unexpected medical emergencies, sudden job loss, or urgent car or pet expenses that come up unexpectedly. Another valid reason could be family emergencies, which often require immediate attention and financial support.

What does rent due in arrears mean?

Rent arrears is a legal term that refers to the condition when a tenant has not paid their rent by the due date. The term arrears refers to money that was due to be paid at an earlier time and has not been, thus indicating a state of being behind in payments.

What is a repayment agreement for rent?

A past-due rent payment plan agreement is a contract between a landlord and a tenant who has fallen behind on their payments. This agreement is also used for tenants who have been evicted if a court has ordered judgment for the landlord in the amount of rent remaining on the lease agreement.

What is the rent arrears warning notice?

Landlords must send the RTB a copy of the 28 day written rent arrears warning notice that was given to the tenant. The 28 day period within which a tenant has to pay rent arrears is calculated from when the tenant or RTB receives the warning notice, whichever occurs later.

What is a tenant warning letter for late payments?

Also referred to as a late rent notice, a past-due rent notice is a letter that informs current tenants that they are late on their obligation to pay the rent in any particular payment period. This notice is also important for your records, should tenants continuously pay the rent late.

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What does it mean to be in rent arrears?

If your rent is not paid, the money owed is called rent arrears. Rent arrears are priority debts, which means the consequences of not dealing with them are serious - there is a risk of eviction.

What is the rent arrears warning letter?

The rent arrears warning notice must state the amount of rent you owe and give you 28 days to pay it. The landlord must send a copy of the rent arrears warning notice to the RTB. The 28 days you have to pay the rent arrears counts from the date you and the RTB receive the warning notice.