Tenant Payment Plan Agreement Template for England and Wales

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Key Requirements PROMPT example:

Tenant Payment Plan Agreement

"I need a Tenant Payment Plan Agreement for a residential property in Cardiff, where the tenant has agreed to pay £3,000 in arrears over 12 monthly instalments starting from March 2025, with the first payment being £500."

Document background
The Tenant Payment Plan Agreement is designed for use in England and Wales when a tenant requires a formal arrangement to pay outstanding rent or to modify their payment schedule. This document is particularly relevant during periods of financial hardship or when circumstances necessitate a restructuring of rental payments. The agreement provides clear terms for repayment while ensuring compliance with relevant housing legislation, including the Landlord and Tenant Act 1985 and the Housing Act 1988. It should detail the total amount owed, payment schedule, consequences of default, and any special conditions agreed between the parties.
Suggested Sections

1. Parties: Details of the landlord/agent and tenant

2. Background: Context of the payment plan including reference to original tenancy

3. Definitions: Key terms used in the agreement

4. Payment Terms: Detailed breakdown of payment amounts and dates

5. Duration: Length of the payment plan

6. Default Provisions: Consequences of missing payments

7. Signatures: Execution blocks for all parties

Optional Sections

1. Interest Charges: Terms for interest on late payments - include when charging interest on arrears

2. Early Payment Provisions: Terms for early settlement - include when allowing early payment options

3. Third Party Guarantor: Details of any guarantor - include when a guarantor is involved in the agreement

Suggested Schedules

1. Payment Schedule: Detailed calendar of payment dates and amounts

2. Statement of Arrears: Breakdown of existing arrears

3. Original Tenancy Agreement: Copy of the relevant tenancy agreement

Authors

Alex Denne

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

Industries

Landlord and Tenant Act 1985: Primary legislation governing the relationship between landlords and tenants, including basic rights and obligations

Housing Act 1988: Key legislation covering Assured and Assured Shorthold Tenancies, defining the framework for most residential tenancies in England and Wales

Housing Act 2004: Legislation introducing the Housing Health and Safety Rating System (HHSRS) and various tenant protection measures

Consumer Rights Act 2015: Legislation ensuring fairness in consumer contracts, including provisions affecting residential tenancy agreements

Coronavirus Act 2020: Emergency legislation including provisions for rent arrears and tenant protection during the COVID-19 pandemic

Tenant Fees Act 2019: Legislation restricting what fees can be charged to tenants and limiting deposit amounts

Debt Respite Scheme Regulations 2020: Regulations providing breathing space for people in debt, including provisions for mental health crisis moratorium

Data Protection Act 2018: Legislation implementing GDPR requirements for handling personal data in the UK

Interest Rate Compliance: Requirement that any interest charges in payment plans must be reasonable and comply with consumer protection laws

Default Provisions: Legal requirements regarding consequences and procedures in case of payment default

Payment Terms Requirements: Legal necessity for clear, unambiguous payment schedules and terms in payment plan agreements

Breach Consequences: Legal framework governing what actions can be taken in case of agreement breach

Party Rights: Legal requirements to clearly state and protect the rights of both landlord and tenant in the agreement

Tenancy Agreement Integration: Legal requirement to ensure payment plan aligns with and properly references the original tenancy agreement

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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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