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1. Parties: Identification of the landlord/property manager and tenant(s), including full legal names and contact details
2. Background: Brief context about the rental property and the purpose of this payment agreement
3. Definitions: Definitions of key terms used throughout the agreement, including 'Rent', 'Payment Date', 'Property', etc.
4. Rent Amount and Payment Details: Specifies the exact rent amount, frequency of payments, and due dates
5. Payment Method: Detailed information about accepted payment methods and account details
6. Late Payment and Penalties: Terms regarding late payments, grace periods, and any applicable late fees in accordance with NZ law
7. Rent Reviews and Increases: Process and terms for rent reviews and increases, complying with NZ regulatory requirements
8. Bond Details: Information about the bond amount, payment, and lodgment with Tenancy Services
9. Duration and Termination: Term of the agreement and conditions for termination
10. Notices: How formal notices related to payments should be given between parties
11. Dispute Resolution: Process for resolving payment-related disputes
12. Governing Law: Confirmation that the agreement is governed by New Zealand law
1. Guarantor: Terms relating to a guarantor who provides additional security for rent payments - used when tenant requires a guarantor
2. Rent Advance: Terms for advance rent payments - used when rent is paid more than 2 weeks in advance
3. Special Payment Arrangements: Details of any special payment arrangements or installment plans - used when non-standard payment terms are agreed
4. Rent Reduction Provisions: Terms for temporary rent reductions - used when parties agree to potential rent reduction scenarios
5. Direct Debit Authorization: Specific terms for direct debit arrangements - used when automatic payments are set up
6. Multiple Tenant Payment Obligations: Specific terms for splitting payments between multiple tenants - used for shared tenancies
7. Rent Subsidy Arrangements: Terms relating to government rent subsidies or assistance - used when applicable to the tenant
1. Schedule 1 - Property Details: Detailed description of the rental property and any specific areas included/excluded
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment dates, amounts, and payment methods
3. Schedule 3 - Bank Account Details: Landlord's bank account details and payment reference requirements
4. Schedule 4 - Rent Payment Record: Template for recording rent payments and maintaining payment history
5. Appendix A - Direct Debit Form: Standard form for setting up direct debit payments if applicable
6. Appendix B - Guarantor Details: Guarantor's personal information and signed acknowledgment if applicable
7. Appendix C - Tenant Instructions: Step-by-step instructions for making payments and maintaining payment records
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Property Manager
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