Late Rent Agreement

Late Rent Agreement

_____________________________ (hereafter "Landlord") and _______________________ (hereafter "Tenant"), hereby agree to the following:

The Tenant, residing at the property at {address} (hereafter "the Property") beginning {date}, having been notified of late or incomplete payments in a regular and timely manner, acknowledges that {he/she} owes the Landlord {amount of money}.

The Landlord agrees to accept {amount of money} paid in installments of {amount} on a {frequency} basis. These payments must be paid to the Landlord no later than the {date} of each {interval}.

The Tenant must continue to make all forthcoming rent payments in a complete and timely manner in addition to the installments of late rent.

If the Tenant fails to pay the full agreed-upon amount by {date} or fails to complete ongoing rent payments, the Tenant must vacate the Property by {date}. If the Tenant does not, the Landlord will begin the eviction process and may take further legal action against the Tenant.

In witness to their agreement to the terms of this contract, the parties affix their signatures below:

_____________________________________
(Landlord signature and date)

_____________________________________
(Tenant signature and date)

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