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HOW IT WORKS
How it works
If you're a landlord, and a tenant is late in paying their rent, you can use a Late Rent Payment Agreement as an alternative to eviction. With a Late Rent Payment Agreement you can set a deadline for payment by your tenant, either in full or routine scheduled payments, as well as set out guidelines for eviction if the tenant fails to pay you the rent owed.
Evicting a tenant can be a complicated, challenging process. You can use a Late Rent Payment Agreement to help avoid eviction, and also receive the money that is owed to you. When the tenant signs the Late Rent Payment Agreement, he or she agrees to leave the rental property immediately if the late rent payment is not made by the specified date in the agreement. This way, as the landlord, you still have the option of eviction if the tenant does not end up making the late rent payment.
Other names for this document: Past Due Rent Payment Agreement, Late Rent Resolution Agreement
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