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The Promise To Pay Rent Agreement is a crucial document in South African property management, typically employed when a tenant has accumulated rental arrears and wishes to establish a formal arrangement for settling the debt. This document serves as both an acknowledgment of debt and a structured payment plan, providing legal protection for both landlord and tenant. It must comply with South African legislation, including the Rental Housing Act, Consumer Protection Act, and National Credit Act where applicable. The agreement includes essential details such as the exact amount owed, payment schedule, interest rates (if any), and consequences of default. It's particularly relevant in situations where property owners seek to avoid eviction proceedings by establishing a manageable payment solution while maintaining their legal rights to recover the debt.

1. Parties: Identification and details of the Landlord/Lessor and Tenant/Lessee, including full legal names, identification numbers, and addresses

2. Background: Context of the agreement, including reference to the original lease agreement and circumstances leading to the need for this payment arrangement

3. Definitions: Key terms used in the agreement, including 'Outstanding Amount', 'Payment Plan', 'Due Date', and other relevant definitions

4. Acknowledgment of Debt: Formal acknowledgment of the outstanding rental amount, including the exact sum owed and how it was calculated

5. Payment Terms: Detailed payment schedule, including installment amounts, payment dates, and payment methods

6. Interest: Specification of any applicable interest rates on the outstanding amount, in compliance with the National Credit Act

7. Default Provisions: Consequences of failing to meet payment obligations and remedies available to the landlord

8. Continuing Obligations: Confirmation that current rent payments must continue alongside the payment plan for outstanding amounts

9. General Terms: Standard contract provisions including notices, amendments, and governing law

10. Signatures: Execution clause and signature blocks for all parties