Payment Plan Agreement For Rent Template for India

1. Security Deposit Adjustment: Include when the payment plan affects or requires modifications to existing security deposit arrangements

2. Interest Charges: Include when interest will be charged on delayed payments or outstanding amounts

3. Guarantor Provisions: Include when a third party is guaranteeing the payment plan obligations

4. Early Payment Provisions: Include when there are special terms or incentives for early payment

5. Force Majeure: Include when parties want to address potential future disruptions to payment ability due to extraordinary circumstances

6. Digital Payment Terms: Include when electronic payment methods are specifically required or preferred

7. Modification Procedures: Include when parties want to specify how future changes to the payment plan can be made

1. Schedule A - Payment Schedule: Detailed breakdown of payment dates, amounts, and running balance

2. Schedule B - Original Lease Reference: Copy or key terms of the original lease agreement

3. Schedule C - Payment Methods: Detailed instructions for each accepted payment method

4. Appendix 1 - Proof of Outstanding Amount: Documentation showing calculation of the total amount subject to the payment plan

5. Appendix 2 - Communication Records: Record of communications leading to the payment plan agreement

6. Appendix 3 - Authorization Documents: Any required authorization documents, especially if parties are signing through representatives