The Partial Rent Payment Agreement is essential in situations where tenants face temporary financial challenges but maintain a commitment to fulfilling their rental obligations. This document is commonly used across Canadian provinces when tenants require temporary modification of their rent payment terms due to circumstances such as job loss, medical emergencies, or other financial hardships. It provides a structured framework for partial payments while protecting both landlord and tenant interests under provincial residential tenancy laws. The agreement typically includes detailed payment schedules, consequences of default, and conditions for eventual return to regular payment terms. It's particularly relevant in contexts where preserving the tenancy while accommodating temporary financial constraints is preferable to termination of the lease.
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1. Parties: Identification of the landlord and tenant, including full legal names and contact information
2. Background: Context of the agreement, including reference to the original lease and reasons for partial payment arrangement
3. Definitions: Key terms used throughout the agreement
4. Original Rent Terms: Statement of the original rent amount and payment terms from the lease
5. Modified Payment Terms: Details of the new partial payment arrangement, including amounts and schedule
6. Duration of Agreement: Period for which the partial payment arrangement will be in effect
7. Payment Method: Accepted methods of payment and processing details
8. Default Provisions: Consequences of missing payments under this arrangement
9. Effect on Original Lease: Clarification that all other lease terms remain in effect
10. Representations and Warranties: Statements of fact and promises by both parties
11. Governing Law: Specification of applicable provincial law
12. Signatures: Execution block for all parties
1. Guarantor Agreement: Required when a third party is guaranteeing the partial payments
2. Property Maintenance Offset: Include when tenant is providing services in lieu of part of rent
3. Restoration of Original Terms: Conditions and process for returning to original payment terms
4. Covid-19 Provisions: Special terms related to pandemic circumstances if applicable
5. Insurance Requirements: Additional insurance requirements if payment plan involves increased risk
6. Mediation Clause: Process for resolving disputes through mediation before legal action
1. Schedule A - Payment Schedule: Detailed breakdown of payment dates, amounts, and running balance
2. Schedule B - Property Details: Description of the rental property and original lease details
3. Schedule C - Financial Hardship Documentation: Supporting documents justifying the need for partial payments
4. Appendix 1 - Communication Protocol: Procedures for payment confirmations and related communications
5. Appendix 2 - Default Notification Forms: Standard forms for notification of missed payments or default
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Real Estate
Property Management
Residential Housing
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Social Housing
Student Housing
Commercial Real Estate
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Relevant Teams
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Residential Services
Contract Administration
Tenant Relations
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Compliance
Real Estate
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Relevant Roles
Property Manager
Leasing Agent
Real Estate Attorney
Housing Coordinator
Tenant Relations Manager
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Real Estate Manager
Housing Administrator
Rental Property Administrator
Residential Services Coordinator
Contract Administrator
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