Agreement for Delayed or Partial Rent Payments is an agreement between Landlord and Tenant setting out specific deadlines and conditions for delayed and/or partial rent payments by Tenant. In consideration of Landlords agreement not to terminate Tenants Lease Agreement and evict Tenant on the basis of Tenants non-payment of rent, Tenant agrees to pay rent in delayed or partial amounts, in specific adherence to a payment schedule.
Partial Rent Payment Agreement Format
State:
Georgia
Control #:
GA-839LT
Format:
Word;
Rich Text
Instant download
Description
How to fill out Georgia Agreement For Delayed Or Partial Rent Payments?
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FAQ
What Does Partial Payment Mean? Partial payment means a payment that is less than the full amount due. Other terms for partial payment include part payment, installment payment, down payment, or upfront payment.
Write 50% payment on receipt of the customer order, followed by 50% payment on completion of work, depending on the type of goods, materials, labor, services, etc., provided and the terms discussed.
A Partial Payment refers to a payment your client can make for a portion of an invoice's total amount. For example, if a client owes you $100, you can allow them to make a Partial Payment (or installment payment) of $50 to lower their total owed.
If you make a partial payment on your credit card balance that satisfies the minimum due, such as $25 or $35, you'll avoid a late fee and penalty APR. However, you'll still incur interest charges, which can add up over time and result in costly debt.
Keep in mind, if you aren't able to make the full payment, and only make a partial payment, it generally will be reported as late.
