Sample Of Partial Payment Agreement

Regardless of the types of payment methods you want to accept, you need to be sure to provide complete, detailed and accurate details on how to pay here. If the tenant doesn`t know how to pay, you can`t get the money back. There is a partial payment of $600 in the form of a cheque to abc Corporation that is attached with this envelope. Payment is an advance for the June 16 order. We have been informed that the order must be delivered within one month. The balance of $900 will be paid upon delivery. Excellent, so please let us know if the goods we ordered could be delivered before the due date. Finally, at the end of the contract, you should add a disclaimer that repeats that the original terms of the lease are still fully effective. This document can be considered as a complement to the initial lease.

The terms here do not replace or alter the original lease. A partial payment agreement is a legally binding document that sets out a plan by which a tenant can repay the rent due according to a tiered payment plan. For example, the plan could cause them to repay $200 a month on top of the rent they owe. The document ensures that you are reimbursed, but allows the tenant to continue living there. In the event that the accused party does not make payments in accordance with the payment plan, after reaching ten (10) days after the failure to make such a mandatory payment, the full amount of the default is immediately due and payable. . . .

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