Repayment Agreement - AUVICREPM032

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

 

29 Mar 2021 v1.2

Additions / Changes:

 

All instances of 'Landlord' changed to 'Rental Provider'.

 

All instances of 'Tenant' changed to 'Renter'.

 

All instances of 'Tenancy Agreement' changed to 'Residential Rental Agreement'.

 

03 Nov 2020 v1.1

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 Tenancy Agreement and unpaid by the Tenant.

(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 Tenancy Agreement.


(c)

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

(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 Tenancy Agreement, 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 Tenancy Agreement while the Tenancy Agreement is still in effect.

Signature of Landlord/Agent     Date:

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Signature of Tenant/s                 Date:                                                                      Date:

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

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