Skip to main content
Get in touch
  • Get in touch or find your nearest office

  • Preston Office
    1a Chapel Street Winckley Square PR1 8BU
  • Clitheroe Office
    21 Church Street Clitheroe BB7 2DF
  • Lancaster Office
    21 Castle Hill Lancaster LA1 1YN
  • Kendal Office
    Bridge Mills, Stramongate Kendal LA9 4BD
  • Garstang Office
    Cherestanc Square, Rope Walk Garstang Preston PR3 1EF

Request a call back



Create a Rent Deferral Agreement

 

Whilst coronavirus has spurred the Government to prohibit tenants from being evicted from their premises, many renters who are protected from eviction mistakenly believe they do not owe rent. Tenants who don’t pay their rent on time are in breach of their existing contracts which means they can be evicted as soon as restrictions end. Tenants should continue to pay rent if they can. If not, they need to immediately contact their landlord about a possible rent-deferral agreement. Landlords rely on payments to take care of mortgage payments, maintenance, utilities taxes, etc.

To protect both Landlords and Tenants we have developed a low cost self-service portal to create a general purpose Rent Deferral Agreement. This is an arrangement between landlord and tenant to defer usual payments for an agreed time.

The cost to use this service is £95 + VAT

This standard document is for use where a landlord and a tenant agree a rent deferment relating to their lease. It provides a standard framework that can be used by the parties to document what they have agreed. It could serve as a useful starting point when drafting such an agreement.

In order to ensure that a Rent Deferral Agreement achieves its purpose, it is necessary for the agreement to be tailored to the particular circumstances of the matter in question.

 NOTE: This document should NOT be used where a rent holiday or rent abatement has been agreed. This document is for use to record a rent deferment agreement only, allowing the tenant to defer paying certain rent obligations under a lease for a certain period. The tenant is then required to pay the deferred rent to the landlord once the deferment period is over. In the event that the tenant defaults on payment when due, the deferred rent shall be treated as rent arrears and will be enforceable.

The rent deferment agreement contains standard clauses and provisions only.

It contains options for the period of the deferred rent and the percentage of the rent to be deferred.

It can be used by a landlord or a tenant to record the terms of the rent deferment agreed due to the Covid 19 pandemic.

The rent deferment agreement assumes that the rent deferment relates to rent only. Therefore, it does not include provisions for any other payments, which may be due under the lease, such as insurance rent or service charges to be deferred.

The rent deferment agreement does not contain any interest provisions.

The rent deferment agreement does not contain any cost provisions.

The rent deferment agreement does not contain any termination provisions.

It does contain an optional provision to include a Guarantor. Please note that it is essential for the any Guarantor to provide their consent to be subject to ant rent deferment agreement.

The Rent Deferral Letter will be provided in a PDF format.

 

 

Create a Rent Deferral Agreement



Please read the terms and conditions before proceeding.

Please read the Privacy Policy before proceeding.

x

Manage your privacy

How we handle your personal data

The General Data Protection Regulation (GDPR) gives you more control over how companies like ours use your personal information and makes it quicker and easier for you to check and update the information we hold about you.

As part of our service to you, we will continue to collect, use, store and share your data safely and securely. This doesn’t require any action on your part.

For more detailed information view our Privacy Hub