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Promise To Pay Rent Agreement for the United Kingdom

Promise To Pay Rent Agreement Template for England and Wales

A Promise To Pay Rent Agreement is a legally binding document governed by English and Welsh law, which establishes a formal commitment from a tenant to pay outstanding or future rent to a landlord. The agreement typically details the amount owed, payment schedule, and consequences of default. It serves as both a acknowledgment of the debt and a formal payment plan, providing security for the landlord while giving the tenant a structured way to fulfill their rental obligations.

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Promise To Pay Rent Agreement

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What is a Promise To Pay Rent Agreement?

The Promise To Pay Rent Agreement is commonly used when tenants have fallen into rent arrears or require a formal payment structure for future rent. This document, governed by English and Welsh law, provides a clear framework for rent payment obligations, including specific amounts, payment schedules, and consequences of default. It's particularly useful for landlords seeking to formalize payment arrangements while giving tenants a manageable way to meet their obligations. The agreement can be used for both residential and commercial properties, offering protection for all parties involved.

What sections should be included in a Promise To Pay Rent Agreement?

1. Parties: Identification and details of the debtor and creditor, including full legal names, addresses, and contact information

2. Background: Context of the rental debt and circumstances leading to the agreement, including reference to original tenancy

3. Definitions: Key terms used throughout the agreement including 'Rent', 'Property', 'Payment Date', 'Term'

4. Promise to Pay: Core payment obligations, total amount owed, and acknowledgment of the debt

5. Payment Terms: Schedule of payments, methods of payment, and payment deadlines

6. Duration: Period of the agreement and conditions for termination

7. Signatures: Execution blocks for all parties, including witness provisions if required

What sections are optional to include in a Promise To Pay Rent Agreement?

1. Default Provisions: Consequences of missing payments and remedies available to the landlord

2. Interest Charges: Terms for any applicable interest on late or missed payments

3. Security: Details of any guarantors, deposits, or other security arrangements

4. Early Payment Provisions: Terms for early repayment options and any associated benefits or penalties

What schedules should be included in a Promise To Pay Rent Agreement?

1. Payment Schedule: Detailed breakdown of payment dates, amounts, and running balance

2. Property Details: Full description and details of the rental property including address and any relevant features

3. Statement of Arrears: Detailed statement showing current outstanding balance and payment history

4. Direct Debit Mandate: Payment instruction forms if regular automated payments are to be set up

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

England and Wales

Document Type

Payment Agreement

Sector

Banking

Cost

Free to use
Relevant legal definitions





















Clauses




















Industries

Law of Property Act 1925: Primary legislation that defines legal interests in property and sets out basic requirements for property agreements

Landlord and Tenant Act 1985: Establishes basic rights and obligations between landlords and tenants, including repairing obligations

Consumer Rights Act 2015: Governs contracts involving consumer tenants and ensures fairness of contract terms

Housing Act 1988: Defines types of tenancies and security of tenure provisions for residential properties

Contracts (Rights of Third Parties) Act 1999: Governs enforcement rights and the ability of third parties to enforce contract terms

Contract Law Fundamentals: Common law principles including offer, acceptance, consideration, intention to create legal relations, and capacity to contract

Data Protection Act 2018: Regulates the handling of personal information in accordance with UK GDPR requirements

Unfair Contract Terms Act 1977: Provides protection against unfair terms in contracts and limits the extent to which liability can be excluded

Financial Services and Markets Act 2000: Relevant if payment arrangements involve regulated financial activities

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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