Repayment Agreement (Commercial/Retail) - AUQLDRECM059

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BLACK = Old Item/Clause  | RED = New Item/Clause | BLUE = Comments About Change (Not Part of Form) | STRIKEOUT = Wording Deleted

 

28 Mar 2021 v1.4

Additions / Changes:

 

SIGNING

By signing below:

(1)

The Parties agree this Repayment Agreement allows the Tenant to repay to the Landlord the unpaid monies, detailed in the Repayment Schedule, owing to the Landlord under the Lease and unpaid by the Tenant. The Repayments must be in accordance with any National Cabinet Code of Conduct for Leasing or other relevant legislation and, where applicable, take into account a reasonable trading recovery period.

(2)

The Tenant agrees:


(a)

to pay the unpaid monies in full as set out above in the Repayment Schedule.


(b)

payments made in accordance with the Repayment Schedule are in addition to normal rental payments due and payable under the Lease.


(c)

failure to pay the unpaid monies, as set out above in the Repayment Schedule, will be a breach of the Lease.

(3)

The Landlord agrees to take no action, including the serving of a termination notice, against the Tenant in respect of the unpaid monies owing under the Lease, as detailed in the above Repayment Schedule, as long as the Tenant complies with this Agreement.

(4)

The Parties agree that breach of this Agreement will be a breach of the Lease while the Lease is still in effect.

Signature of Landlord/Agent     Date:

………………………………………  …… / …… / ……        

 

Signature of Tenant/s                 Date:                                                                      Date:

………………………………………  …… / …… / ……  ………………………………………  …… / …… / ……

………………………………………  …… / …… / ……  ………………………………………  …… / …… / ……

 

01 Jan 2021 v1.3

Additions / Changes:

 

REPAYMENT SCHEDULE

(1)

Total amount of unpaid monies to be repaid: $ ……………

(2)

Repayment Term: ……………….     __  Weeks   __ Months

(3)

Repayment Amount: $ ……………………      per  __ Week       __ Fortnight        __ Month

(4)

Commencement Date: …… / …… / ……

IMPORTANT: Where the Landlord receives a waiver on land tax in respect of the COVID-19 pandemic, the value of such relief MUST be passed on to the Tenant and CANNOT be recouped from the Tenant by the Landlord.

 

03 Nov 2020 v1.2

Additions / Changes:

 

SIGNING

By signing below:

(1)

The Parties agree this Repayment Agreement allows the Tenant to repay to the Landlord the unpaid monies, detailed in the Repayment Schedule, owing to the Landlord under the Lease and unpaid by the Tenant. The Commencement Date of the rRepayments must be in accordance with any National Cabinet Code of Conduct for Leasing or other relevant legislation and, where applicable, take into account a reasonable trading recovery period.

(2)

The Tenant agrees:


(a)

to pay the unpaid monies in full as set out above in the Repayment Schedule.


(b)

payments made in accordance with the Repayment Schedule are in addition to normal rental payments due and payable under the Lease.


(c)

failure to pay the unpaid monies, as set out above in the Repayment Schedule, will be a breach of the Lease.

(3)

The Landlord agrees to take no action, including the serving of a termination notice, against the Tenant in respect of the unpaid monies owing under the Lease, as detailed in the above Repayment Schedule, non-payment of monies owing under this Agreement, including the serving of a termination notice, as long as the Tenant complies with this Agreement.

(4)

The Parties agree that breach of this Agreement will be a breach of the Lease while the Lease is still in effect.

Signature of Landlord/Agent     Date:

………………………………………  …… / …… / ……        

 

Signature of Tenant/s                 Date:                                                                      Date:

………………………………………  …… / …… / ……  ………………………………………  …… / …… / ……

………………………………………  …… / …… / ……  ………………………………………  …… / …… / ……

 

18 Jun 2020 v1.1

Additions / Changes:


SIGNING

(1)

The Parties agree this Repayment Agreement allows the Tenant to repay to the Landlord monies owing to the Landlord under the Lease and unpaid by the Tenant. The Commencement Date of the repayments must be in accordance with any National Cabinet Code of Conduct for Leasing and, where applicable, take into account a reasonable trading recovery period.