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An Agreement To Pay Rent Arrears is utilized when a tenant has fallen behind on rental payments and both parties wish to formalize a repayment arrangement. This document, governed by Singapore law, serves as a legally binding commitment to settle outstanding rent through an agreed payment schedule. It should be used when there's a clear acknowledgment of debt and willingness to establish a structured repayment plan. The agreement typically includes details of the original tenancy, exact amount of arrears, payment terms, and consequences of default, providing security for the landlord while giving the tenant a manageable way to clear their debt.
